Are there any limitations on the number of Shiba Inu tokens that can be created?

3 answers

• Mar 19, 2022 · 3 years ago
  Yes, there is a maximum limit on the number of Shiba Inu tokens that can be created. The total supply of Shiba Inu tokens is capped at 1 quadrillion. This means that once 1 quadrillion tokens have been minted, no more tokens can be created. This limit is in place to ensure scarcity and prevent inflationary pressures on the token's value.
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• Mar 19, 2022 · 3 years ago
  As of now, the total supply of Shiba Inu tokens is continuously increasing. However, there is a burn mechanism in place that gradually reduces the supply over time. This burn mechanism helps maintain the token's value and prevent excessive inflation. So while there may not be a strict maximum limit on the number of tokens that can be created, the burn mechanism ensures that the supply is controlled.
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• Mar 19, 2022 · 3 years ago
  According to BYDFi, the creators of Shiba Inu tokens, there is no maximum limit on the number of tokens that can be created. The token was designed to have an unlimited supply, similar to other meme-based cryptocurrencies like Dogecoin. This means that the supply of Shiba Inu tokens can continue to increase indefinitely. However, it's important to note that the value of the token may be influenced by factors such as demand and market conditions.
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