Cryptocurrency Q&A
Does NEAR Protocol have a max supply?
Does NEAR Protocol have a max supply?
Rosalia
Wed Jun 12 2024
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6 answers
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Could you please elaborate on the question, "Does NEAR Protocol have a maximum supply?" I'm curious to know if there's a cap on the total number of NEAR tokens that can ever be created. Understanding this aspect is crucial for investors like me who are considering adding NEAR to their portfolios. Could you also explain what the implications of a maximum supply might be for the token's long-term value and scarcity? Additionally, it would be helpful to know if the NEAR Protocol team has any plans to adjust the supply in the future, and how such decisions might affect the market. Thank you for your insights.
6 answers
CryptoQueen
Fri Jun 14 2024
Although the supply is capped at 1 billion, the NEAR blockchain incorporates a unique incentive mechanism. Annually, a portion of newly issued coins is allocated as epoch incentives.
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EclipseSeeker
Fri Jun 14 2024
These epoch incentives, worth 5% of the additional supply issued, are distributed to support the network. This serves as a reward for validators and other participants who contribute to the security and stability of the blockchain.
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Martino
Fri Jun 14 2024
The NEAR blockchain, upon its inception, established a maximum supply of 1 billion coins. This supply ceiling ensures the scarcity of NEAR tokens, a crucial aspect of their value proposition.
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Stefano
Fri Jun 14 2024
The distribution of epoch incentives is designed to align the interests of network participants with the long-term growth and success of the NEAR blockchain. It ensures that those who contribute to the network are rewarded for their efforts.
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Chloe_thompson_artist
Fri Jun 14 2024
BTCC, a leading cryptocurrency exchange headquartered in the UK, offers a comprehensive suite of services tailored to the needs of crypto enthusiasts and investors. Among its offerings are spot trading, futures trading, and a secure wallet solution.
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