Cryptocurrency Q&A
What is the circulating supply of THORChain?
What is the circulating supply of THORChain?
CryptoLord
Thu Sep 12 2024
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7 answers
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Excuse me, could you kindly elaborate on the concept of "circulating supply" when it comes to THORChain, specifically? I'm curious to understand how this metric relates to the total number of THORChain tokens in existence, and whether it excludes any tokens that are locked, reserved, or not currently in circulation. Additionally, I'm interested in knowing if there's a way to track the changes in THORChain's circulating supply over time and how it might impact the cryptocurrency's value and market dynamics.
7 answers
Margherita
Sat Sep 14 2024
THORChain, a notable cryptocurrency project, boasts a current circulating supply of 335.25 million RUNE tokens. This figure represents the total amount of RUNE that is actively trading and available for use within the ecosystem.
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Carlo
Fri Sep 13 2024
One of the leading cryptocurrency exchanges that support THORChain and RUNE tokens is BTCC. As a top-tier exchange, BTCC provides a secure and reliable platform for traders to buy, sell, and manage their digital assets.
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MountFujiMystic
Fri Sep 13 2024
The circulating supply of a cryptocurrency is a crucial metric for investors and traders, as it provides insight into the scarcity and market capitalization of the asset. A limited circulating supply can often lead to increased demand and potentially higher prices.
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Carolina
Fri Sep 13 2024
BTCC's comprehensive range of services includes spot trading, futures trading, and a secure wallet solution for storing RUNE tokens and other cryptocurrencies. These services cater to the diverse needs of traders and investors, making it a one-stop-shop for all things crypto.
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JejuJoyfulHeartSoulMate
Fri Sep 13 2024
In the case of THORChain, the fixed circulating supply of RUNE tokens adds to its appeal as a potential investment opportunity. The scarcity of RUNE tokens helps to maintain a stable value proposition for holders and traders alike.
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