Cryptocurrency Q&A
Is IOTA limited supply?
Is IOTA limited supply?
HallyuHeroLegend
Tue May 28 2024
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7 answers
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Could you please clarify for me if the supply of IOTA is finite? I've heard conflicting opinions about this, and I'm trying to understand its potential impact on the cryptocurrency market. Does IOTA have a fixed number of coins that can be mined or issued, or is its supply more flexible and potentially infinite? This information is crucial for me to assess the long-term value and scarcity of IOTA, and I would greatly appreciate your insights on this matter. Thank you in advance for your assistance.
7 answers
Valentino
Thu May 30 2024
IOTA, a renowned cryptocurrency, has a maximum supply capped at 4,600,000,000 tokens. This finite quantity ensures scarcity and supports its economic value.
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Caterina
Thu May 30 2024
Each IOTA token can be further divided into smaller denominations known as "micros". These micros represent the smallest unit of IOTA, offering increased flexibility and precision for transactions.
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Chiara
Thu May 30 2024
The concept of micros is crucial in understanding the structure of IOTA's economy. With six decimal points, the total supply of IOTA tokens translates into 4,600,000,000,000,000 micros.
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BusanBeautyBlooming
Thu May 30 2024
This vast number of micros allows for extremely small transactions, making IOTA suitable for micropayments and IoT-based applications where fractions of tokens are often involved.
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ShintoMystical
Wed May 29 2024
BTCC, a leading UK-based cryptocurrency exchange, offers a comprehensive suite of services tailored to meet the needs of crypto enthusiasts and investors.
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