How much is the amount of Electroneum (ETN) coins issued?

Electroneum's capped supply of 21 billion ETN features a scheduled distribution, with 70% designated for mining rewards and the remaining 30% allocated to the foundation and early investors.

Jan 04, 2025 at 09:56 am

Understanding Electroneum (ETN) Coin Issuance

Key Points:

• Total ETN supply, distribution schedule
• Mining rewards and block halvings
• Exchange listings and tokenomics

Electroneum (ETN) Coin Issuance

Electroneum (ETN) is a cryptocurrency focused on mobile-first accessibility and user-friendliness. As a Proof-of-Work (PoW) blockchain, ETN relies on miners to secure the network and validate transactions. The issuance of ETN coins is directly tied to the mining process and follows a specific schedule.

Total Supply and Distribution:

The total supply of ETN coins is capped at 21 billion ETN. Of this, approximately 14 billion ETN (70%) was allocated to mining rewards. The remaining coins were distributed as follows:

• 4 billion ETN (20%) to the ETN Foundation for ecosystem development and marketing
• 2 billion ETN (10%) to early investors and contributors

Mining Rewards and Block Halvings:

Miners receive ETN as a reward for successfully adding new blocks to the blockchain. The initial mining reward was set at 125 ETN per block. This reward is halved approximately every four years, similar to Bitcoin. The next halving is expected to occur in 2026.

Exchange Listings and Tokenomics:

ETN is listed on numerous cryptocurrency exchanges, including Bittrex, Huobi, and KuCoin. The tokenomics of ETN include high liquidity, with a significant portion of the circulating supply traded on exchanges.

FAQs:

1. When did Electroneum launch?

Electroneum was launched in September 2017.

2. What algorithm does Electroneum use for mining?

Electroneum uses the CryptoNight mining algorithm.

3. How many ETN coins are circulating?

As of January 2023, approximately 10 billion ETN coins are circulating.

4. What is the current price of Electroneum?

The current price of Electroneum varies depending on the exchange it is traded on. Please refer to a reputable cryptocurrency trading platform for the most up-to-date price information.

5. Where can I buy Electroneum?

Electroneum can be purchased on multiple cryptocurrency exchanges, such as Bittrex, Huobi, and KuCoin.