For example, if there is a functionally unlimited number of tokens one might find their holdings to become diluted as issuance continues. When considering investing in a cryptocurrency it is prudent to be aware of the max supply value. Max supply accounts for every token that has existed, exists currently, or will exist in the future. TL DR – Every Coin Ever in Existence (ever)īoth the circulating supply and total supply can be reduced by events such as burning, staking, or other governance protocols resulting in locking. In the case of major token burns, the total supply can actually be much less than calculated. DeFi aggregator focused on yield farming, Yearn Finance launched a meme coin Woofy on May 11. Total supply does not include tokens that have been burned. Yearn Finance Launched Meme Coin Woofy, YFI Price Surged. Examples of locked tokens include staking, farming, or those held by founders or early investors that are restricted from sale for a period of time (i.e. Total supply describes the total number of tokens currently in existence including both the publicly available (circulating) as well as tokens locked through some means or another. Circulating supply does not account for tokens that have been burned. yfi-business Presale: Done (25 token: 1 ETH) yfi-business Farming yield & Decentralised Finance. Circulating supply is generally used to calculate market capitalization given these tokens are those that reflect market demand most directly. These tokens do not account for those locked via governance protocols, staking, or related activity. Circulating SupplyĬirculating supply refers to the total number of an asset’s tokens that are publicly tradable via exchanges (CEX or DEX) at a given time. On August 20, YFI surpassed 500 million in on-chain transactions volume. YFI’s on-chain activity better represents just how explosive its growth has been. Right now, the token has a total supply of 30,000. If YFI had Bitcoin’s circulating supply, one YFI would cost approximately 54 at a market cap of 1 billion. If the proposal passes, this would permanently cap the supply of YFI, the governance token for yearn.finance. In July 2020, mining and farming of yearn. Other coins like Ethereum have more complex issuance protocols that involve the balance of continual issuance and continual burning. In an online poll today Cronje proposed to the community: Burn the timelock on the YFI token so that no minting can ever take place again. It has a circulating supply of 38,596 YFII coins and a max. For example, Bitcoin has a hard limit on the total number of coins that will ever exist. Circulating supply refers to the total number of an asset’s tokens that are publicly tradable via exchanges (CEX or DEX) at a given time. Developers and investors alike can benefit from being aware of these terms and the implications they have on a cryptocurrency’s market value.
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