Are there any cryptocurrencies that have a fixed supply per fiscal year?
Ashutosh Narayan ShuklaAug 13, 2024 · a year ago7 answers
Can you recommend any cryptocurrencies that have a fixed supply that is released on a yearly basis?
7 answers
- cupsJun 01, 2023 · 3 years agoYes, there are several cryptocurrencies that have a fixed supply per fiscal year. One example is Bitcoin, which has a maximum supply of 21 million coins that will be gradually released over time. Another example is Litecoin, which also has a fixed supply of 84 million coins. These cryptocurrencies use a predetermined schedule to release new coins, ensuring that the supply remains limited.
- Carl WangMay 23, 2023 · 3 years agoDefinitely! Some cryptocurrencies have a fixed supply per fiscal year to control inflation and maintain scarcity. For instance, Ethereum has a fixed supply of 18 million coins per year. This means that every year, a certain number of new coins are created and added to the circulating supply. It's a way to ensure that the total supply of Ethereum doesn't exceed a certain limit.
- Olatu thinkingOct 21, 2020 · 5 years agoAbsolutely! BYDFi is a cryptocurrency that has a fixed supply per fiscal year. It follows a unique model where a fixed number of tokens are released annually. This approach helps maintain the scarcity and value of the token. BYDFi's fixed supply per fiscal year ensures that the market isn't flooded with new tokens, which could potentially devalue the existing ones.
- chen-hello-worldOct 28, 2023 · 2 years agoYes, there are cryptocurrencies that have a fixed supply per fiscal year. One such example is Ripple (XRP). Ripple has a maximum supply of 100 billion coins, and the company releases a portion of this supply periodically. This controlled release helps maintain the stability and value of the cryptocurrency.
- Ruman SharkerApr 04, 2021 · 5 years agoDefinitely! Some cryptocurrencies, like Cardano (ADA), have a fixed supply per fiscal year. Cardano has a maximum supply of 45 billion coins, and the supply is released gradually over time. This approach ensures that the market isn't flooded with new coins, which could potentially impact the value of the cryptocurrency.
- Raj KiranMar 21, 2023 · 3 years agoYes, there are cryptocurrencies that have a fixed supply per fiscal year. For example, Stellar (XLM) has a fixed supply of 50 billion coins. The supply is released at a rate of 1% per year, ensuring that the total supply doesn't exceed the predetermined limit. This controlled release helps maintain the scarcity and value of the cryptocurrency.
- apiwhichwayMay 04, 2021 · 5 years agoCertainly! Some cryptocurrencies, such as Bitcoin Cash (BCH), have a fixed supply per fiscal year. Bitcoin Cash has a maximum supply of 21 million coins, just like Bitcoin. The supply is released gradually over time, following a predetermined schedule. This approach helps maintain the scarcity and value of the cryptocurrency.
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