Cryptocurrency Q&A
Does Mina have a max supply?
Does Mina have a max supply?
ShintoBlessing
Tue Oct 15 2024
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7 answers
1723
I'm wondering if MINA has a maximum supply limit. I want to know if there's a cap on the total amount of Mina that can be created or if it's potentially infinite.
7 answers
Nicola
Thu Oct 17 2024
MINA, a unique cryptocurrency, is designed with a key feature that sets it apart from many others in the market. It operates without a supply cap, a characteristic that allows for a more dynamic and flexible economic model.
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Daniele
Thu Oct 17 2024
This inflationary design serves a dual purpose within the MINA ecosystem. Firstly, it aims to strengthen decentralization by ensuring that the distribution of MINA tokens remains widespread and not concentrated in the hands of a few.
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EclipseRider
Thu Oct 17 2024
Secondly, the inflationary nature of MINA incentivizes staking during its early development stage. Staking, the process of locking up tokens to support the network and earn rewards, is crucial for the security and stability of any blockchain-based system.
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Emanuele
Thu Oct 17 2024
To encourage participation in staking, MINA has implemented an initial annual inflation rate of 12%. This rate is deliberately set high to attract early adopters and contribute to the growth and development of the network.
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Silvia
Thu Oct 17 2024
However, this high inflation rate is not intended to persist indefinitely. Over time, as the MINA network matures and decentralization increases, the annual inflation rate will gradually decrease.
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