What is the issuance amount of Electroneum (ETN) coins?

Electroneum's controlled issuance schedule, with a fixed supply of 21 billion coins, aims to foster adoption, maintain value, and provide market stability in the developing world.

Jan 08, 2025 at 10:57 am

Key Points:

• Electroneum (ETN) is a cryptocurrency designed for widespread adoption, with a primary focus on mobile users in developing countries.
• ETN's issuance amount is capped at a maximum supply of 21 billion coins.
• The issuance of ETN coins follows a predetermined schedule, ensuring a gradual and controlled release into the market.

Issuance Schedule and Total Supply:

Electroneum has a fixed maximum supply of 21 billion coins, which is capped by its protocol. The issuance of ETN coins is segmented into distinct phases, with specific parameters governing each phase.

• Initial Issuance: During the initial issuance phase, a significant portion of the total supply (approximately 70%) was released into circulation to facilitate initial distribution and adoption.
• Controlled Release: Following the initial issuance, ETN coins are released into the market in a phased and controlled manner. This approach aims to maintain a stable supply while fostering gradual adoption and market growth.
• Mining Rewards: A portion of ETN coins is allocated as block rewards for cryptocurrency miners who contribute to the network's security and transaction verification process. This mechanism encourages participation in the network and supports the long-term viability of the ecosystem.

Purpose and Benefits of Issuance Limit:

The capped issuance amount of ETN serves several important purposes:

• Scarcity and Value Preservation: The limited supply contributes to the scarcity of ETN coins, potentially enhancing their value proposition and encouraging long-term investment.
• Controlled Inflation: Limiting the issuance prevents hyperinflation and maintains the purchasing power of ETN coins. This aspect is crucial for fostering trust and adoption in the cryptocurrency market.
• Market Stability: A controlled and predictable issuance schedule provides market stability and reduces volatility, creating a more favorable environment for investors and users.

FAQs Related to Issuance:

Q: What is the current circulation supply of ETN coins?

A: As of [insert date], the current circulation supply of ETN coins is approximately [insert number]. This figure may vary depending on market activity and ongoing issuance.

Q: How is the issuance of ETN coins regulated?

A: The issuance of ETN coins is governed by the Electroneum protocol, which establishes the maximum supply and issuance schedule. This framework ensures transparency and adherence to the predetermined issuance plan.

Q: What factors influence the price of ETN coins?

A: The price of ETN coins is influenced by various factors, including market demand, adoption, regulatory changes, and the overall performance of cryptocurrency markets.