Cryptocurrency Q&A
What means total supply?
What means total supply?
SsangyongSpiritedStrengthCourageBravery
Tue Oct 08 2024
|
6 answers
1599
Could you please elaborate on the concept of "total supply" in the context of cryptocurrency? I understand it's a crucial term, but I'm still unsure of its precise definition and significance in the world of digital assets. Specifically, how does it differ from circulating supply, and why is it important for investors and traders to keep track of it? Additionally, how does total supply affect the value and stability of a cryptocurrency? I'd appreciate a clear and concise explanation that helps me grasp the concept better.
6 answers
KimchiQueen
Thu Oct 10 2024
Total Supply is a crucial metric in the cryptocurrency world, representing the total quantity of a particular digital asset that exists.
Was this helpful?
141
32
Giuseppe
Thu Oct 10 2024
This figure encompasses all coins or tokens that have been generated or mined, whether they are currently in circulation or not.
Was this helpful?
361
55
BlockchainBaron
Wed Oct 09 2024
It is important to note that Total Supply includes coins that are locked or reserved for specific purposes, such as development funds or team allocations.
Was this helpful?
342
73
TimeRippleOcean
Wed Oct 09 2024
Conversely, any coins that have been intentionally destroyed or burned, such as through a token burn event, should be subtracted from the Total Supply figure.
Was this helpful?
87
53
Daniele
Wed Oct 09 2024
Understanding Total Supply is essential for investors and traders, as it provides insight into the scarcity and potential value of a cryptocurrency.
Was this helpful?
285
26
Load 5 more related questions
