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What is the total amount of avax coins issued
Avalanche's maximum token supply is set at 720 million, with approximately 67% of the supply issued as of May 2023.
Feb 18, 2025 at 08:42 am
Total Supply and Issuance of Avalanche (AVAX) Tokens
Key Points:
- Avalanche (AVAX) has a maximum supply of 720 million tokens.
- As of May 2023, 484.3 million AVAX tokens have been issued, accounting for approximately 67% of the total supply.
- The issuance of AVAX tokens follows a halving schedule, with block rewards decreasing by 50% every two years.
Issuance Details:
1. Token Allocation and Distribution
The initial Avalanche token supply was allocated as follows:
- 48% to the Ava Labs team and ecosystem fund
- 25% to seed and strategic fundraising
- 20% to token sale participants
- 7% to early contributors and advisors
2. Block Rewards and Halving Schedule
- Avalanche rewards validators and delegators with AVAX tokens for securing the network and processing transactions.
- The block reward started at 6 AVAX per block and will halve every 1,150,000 blocks (approximately two years).
- This ensures a gradual decrease in inflation over time.
3. Current Supply and Future Issuance
- As of May 2023, approximately 484.3 million AVAX tokens have been issued.
- The remaining 235.7 million tokens will be issued over the coming years according to the halving schedule.
- The final block reward will be 0.0008 AVAX per block, with all 720 million tokens issued by August 2040.
4. Mechanisms for Supply Adjustment
- Avalanche does not currently have any built-in mechanisms for adjusting or burning tokens.
- However, the team plans to introduce a fee-burning mechanism in the future to reduce the supply of AVAX and increase its scarcity.
5. Future Token Issuance Plans
- The Avalanche team has not announced any specific plans for additional token issuance beyond the original allocation and block rewards.
- Any future changes to token issuance will need to be approved by the community through governance mechanisms.
FAQs:
Q: What is the total supply limit of Avalanche?
A: Avalanche has a maximum supply of 720 million tokens.
Q: How many AVAX tokens have been issued to date?
A: As of May 2023, approximately 484.3 million AVAX tokens have been issued.
Q: How does the block reward halving schedule work?
A: The block reward halves every 1,150,000 blocks (approximately two years), ensuring a gradual decrease in inflation.
Q: Are there plans to burn or adjust the supply of AVAX?
A: The Avalanche team plans to introduce a fee-burning mechanism in the future to reduce the supply of AVAX.
Q: Can the total supply of AVAX be increased?
A: The total supply of AVAX cannot be increased without the approval of the community through governance mechanisms.
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