How much is the Ancient8 (A8) coin circulation?

Ancient8's circulating supply of 123,226,323 tokens, representing 12.32% of its total supply, indicates a significant portion of the token is yet to be released, impacting its liquidity and price volatility.

Dec 23, 2024 at 12:08 am

Key Points:

• Ancient8 (A8) is a BEP-20 token running on the Binance Smart Chain.
• Its maximum supply is capped at 1 billion tokens.
• As of January 10, 2023, the circulating supply of A8 is 123,226,323 tokens, representing approximately 12.32% of the total supply.

Detailed Explanation:

1. What is Ancient8 (A8)?

Ancient8 (A8) is a play-to-earn gaming ecosystem that combines blockchain technology with traditional gaming experiences. It aims to bridge the gap between traditional gaming and blockchain by offering a platform where users can earn cryptocurrencies through gameplay, tournaments, and social interactions.

2. Why is the Circulating Supply Important?

The circulating supply of a cryptocurrency represents the number of tokens that are actively in circulation. It is an important metric for determining the availability of the token within the market. A lower circulating supply can indicate a scarcity or limited accessibility of the token, which can impact its price and liquidity.

3. How to Track the Circulating Supply?

The circulating supply of Ancient8 (A8) can be tracked on various cryptocurrency websites and exchanges. One reliable source is CoinMarketCap, which provides real-time updates on the token's circulation, market capitalization, and other relevant data.

4. Current Circulating Supply

As of January 10, 2023, the circulating supply of A8 is 123,226,323 tokens, according to data from CoinMarketCap. This represents approximately 12.32% of the total maximum supply of 1 billion tokens.

5. Implications of the Circulating Supply

The current circulating supply of A8 suggests that a significant portion of the total supply is yet to be released into the market. This can have implications for the token's liquidity, volatility, and price performance.

FAQs:

• Q: What factors can influence the circulating supply of A8?
• A: Factors that can influence the circulating supply of A8 include token distribution events, token burn operations, team allocations, and community-driven initiatives.
• Q: How will the remaining supply of A8 be released into circulation?
• A: The release schedule and allocation of the remaining A8 supply will depend on the project's development roadmap, tokenomics, and market conditions.
• Q: What is the potential impact of a low circulating supply on A8's price?
• A: A low circulating supply can increase the demand for A8 tokens, potentially resulting in price appreciation. However, it is important to consider other factors such as market sentiment, overall market conditions, and the fundamentals of the project.
• Q: Where can I buy A8 tokens?
• A: A8 tokens can be purchased on several cryptocurrency exchanges, including Binance, Bybit, Huobi Global, and MEXC Global, among others.