What is the cap on Dogecoin's circulating supply?
businessem9aildataDec 19, 2021 · 3 years ago3 answers
Can you please provide more information about the maximum supply of Dogecoin and how it affects its circulating supply?
3 answers
- Dec 19, 2021 · 3 years agoThe cap on Dogecoin's circulating supply is set at 129.5 billion coins. This means that once this number of coins is in circulation, no more new coins will be created. The cap is designed to control inflation and ensure the scarcity of the cryptocurrency. As of now, around 130 billion Dogecoins are in circulation, and it is expected to reach the maximum supply in the near future. It's important to note that the cap does not include burned or lost coins, which can decrease the actual circulating supply.
- Dec 19, 2021 · 3 years agoDogecoin's circulating supply is capped at 129.5 billion coins. This limit ensures that the supply of Dogecoin remains finite and prevents unlimited inflation. It's a measure to maintain the value and scarcity of the cryptocurrency. Currently, there are around 130 billion Dogecoins in circulation, and once the cap is reached, no more new coins will be created. However, it's worth mentioning that the circulating supply may fluctuate due to burned or lost coins.
- Dec 19, 2021 · 3 years agoThe circulating supply of Dogecoin is capped at 129.5 billion coins. This means that once this number of coins is in circulation, the supply will not increase further. The cap is an important feature of Dogecoin's design to ensure its long-term stability and prevent excessive inflation. Currently, there are approximately 130 billion Dogecoins in circulation, and it is expected to reach the maximum supply soon. It's worth noting that the circulating supply may decrease due to coins being burned or lost, which can have an impact on the overall supply.
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