How much is the circulation of Gods Unchained (GODS) coins?

The circulation supply of Gods Unchained (GODS) is influenced by minting, burning, staking, and market demand, which can be tracked through the official website, blockchain explorers, and cryptocurrency market cap aggregators.

Dec 24, 2024 at 03:14 am

Key Points:

• Understanding the Circulation Supply of Gods Unchained (GODS)
• Methods to Track GODS Token Supply
• Factors Influencing the Circulation of GODS

Gods Unchained (GODS) Token Circulation

The circulation supply of a cryptocurrency refers to the quantity of coins or tokens that are currently in circulation among users. This information is crucial for understanding the scarcity, liquidity, and overall market dynamics of the asset.

Gods Unchained (GODS) is a cryptocurrency that powers the Gods Unchained game ecosystem, a free-to-play and play-to-earn digital card game. The GODS token serves various purposes within the game, including in-game purchases, staking for rewards, and governance.

The current circulation supply of GODS is approximately 150 million tokens. This supply is subject to change over time due to ongoing minting and burning activities.

Methods to Track GODS Token Supply

There are several ways to track the circulation supply of GODS tokens:

• Official Website: The official Gods Unchained website provides regularly updated information on the token supply.
• Blockchain Explorers: Exploring the GODS blockchain on platforms like Etherscan or ethers.io allows users to view the total token supply and the number of tokens in circulation.
• Cryptocurrency Market Cap Aggregators: Websites such as CoinMarketCap and CoinGecko aggregate data from various sources to provide users with real-time information on the circulation supply of crypto assets, including GODS.

Factors Influencing the Circulation of GODS

The circulation supply of GODS can be influenced by several factors:

• Minting: GODS tokens can be created or "minted" through the game's protocol. Mining is the process of adding new tokens to the circulating supply.
• Burning: GODS tokens can be "burned," or removed from circulation permanently. This process reduces the circulating supply and potentially increases the token's scarcity.
• Staking: Staking GODS tokens allows users to participate in the network's consensus mechanism. When GODS tokens are staked, they are temporarily removed from circulation.
• Market Demand: The circulation of GODS is also influenced by the overall market demand for the token. High demand for GODS can result in buying pressure, leading to an increase in circulating supply. Conversely, low demand can result in less circulating supply.

FAQs

• What is a token supply cap?
  GODS does not have a fixed supply cap. Instead, the token supply is controlled through minting and burning mechanisms designed to maintain a balance between the token's economics and game playability.
• How does staking affect circulating supply?
  When users stake GODS tokens, they are temporarily removed from circulation. However, they can still be used to earn staking rewards, encouraging participation and potentially influencing supply dynamics.
• Why does the circulating supply of GODS fluctuate?
  The circulating supply of GODS fluctuates due to ongoing minting, burning, and staking activities. These activities adjust the token's supply according to the game's mechanics and market demand.