How can the supply of Apecoin be increased or decreased?

3 answers

• Dec 17, 2021 · 3 years ago
  One way to increase the supply of Apecoin is through mining. Miners can solve complex mathematical problems to validate transactions and in return, they are rewarded with newly minted Apecoins. This process helps to increase the total supply of Apecoin in circulation. On the other hand, decreasing the supply can be achieved through a process called burning. In this process, a certain amount of Apecoin is permanently removed from circulation, reducing the overall supply. Burning can be done by sending Apecoins to a designated address where they become unspendable.
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• Dec 17, 2021 · 3 years ago
  Increasing the supply of Apecoin can also be done through a process called staking. Staking involves holding a certain amount of Apecoin in a wallet to support the network's operations. In return for staking, participants are rewarded with additional Apecoins. This incentivizes users to hold and support the network, leading to an increase in the overall supply. Conversely, decreasing the supply can be achieved through a process called token buyback. In a token buyback, the project behind Apecoin uses its funds to purchase Apecoins from the market, effectively reducing the circulating supply.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers a unique way to increase or decrease the supply of Apecoin. Through their innovative token burning program, BYDFi periodically burns a portion of the Apecoin supply to reduce the overall circulating supply. This helps to create scarcity and potentially increase the value of Apecoin. Additionally, BYDFi also supports staking, allowing users to earn rewards by holding Apecoin in their wallets. These features make BYDFi an attractive platform for Apecoin holders and contribute to the overall supply dynamics of Apecoin.
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