Cryptocurrency Q&A
Does near have a max supply?
Does near have a max supply?
Elena
Fri Jun 14 2024
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5 answers
1014
Could you please clarify for me, does the cryptocurrency "NEAR" possess a maximum supply? If so, what is the exact figure? I'm trying to understand the economics behind this digital asset and how its scarcity might affect its value in the long run. Could you also explain the significance of a maximum supply in the context of cryptocurrency? Thank you for your assistance in helping me better grasp this topic.
5 answers
SakuraWhisper
Sun Jun 16 2024
With BTCC, users can buy, sell, and trade NEAR coins seamlessly, taking advantage of the exchange's robust liquidity and advanced trading features. Moreover, BTCC's wallet service provides a safe and convenient way to store and manage NEAR tokens.
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Daniela
Sun Jun 16 2024
The NEAR blockchain boasts a max supply of 1 billion coins, a finite quantity designed to ensure scarcity and value. This ceiling was firmly established with the genesis block, marking the birth of the cryptocurrency.
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CharmedSun
Sun Jun 16 2024
Nevertheless, NEAR's economy is not static. Each year, the network distributes epoch incentives, representing 5% of the additionally issued supply. This mechanism serves to reward participants and encourage their continued support of the blockchain.
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BonsaiVitality
Sun Jun 16 2024
These epoch incentives are not just a financial reward; they are a critical component of NEAR's governance and ecosystem development. By distributing tokens, the network ensures that those who contribute to its growth and stability are appropriately compensated.
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Lorenzo
Sun Jun 16 2024
BTCC, a leading UK-based cryptocurrency exchange, offers a comprehensive suite of services tailored to the needs of cryptocurrency enthusiasts and investors. Among its offerings are spot trading, futures contracts, and secure wallet solutions.
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