What is the total circulation of Gods Unchained (GODS) coins?

As a governance token in the Gods Unchained ecosystem, GODS coins have a fixed supply of 500 million and their price is influenced by supply and demand on cryptocurrency exchanges.

Dec 24, 2024 at 09:24 am

Key Points:

• The total circulation of GODS coins is 500 million.
• GODS coins are used for governance, staking, and in-game purchases.
• The price of GODS is determined by supply and demand on cryptocurrency exchanges.

Detailed Explanation:

1. Total Circulation of GODS Coins

The total circulation of GODS coins is 500 million. This was set at the launch of the Gods Unchained game and has not changed since then. The total supply is divided into two main categories:

• Circulating supply: This refers to the number of GODS coins that are currently in circulation and available for trading on cryptocurrency exchanges. The circulating supply is subject to change, as new coins can be minted or burned over time.
• Non-circulating supply: This refers to the number of GODS coins that are not currently in circulation. Non-circulating coins may be held by the development team, investors, or in reserve for future use.

2. Utility of GODS Coins

GODS coins have three main utilities within the Gods Unchained ecosystem:

• Governance: GODS coin holders can participate in the governance of the game by voting on proposals that affect its development and direction.
• Staking: GODS coins can be staked to earn rewards. Staking involves locking up your GODS coins for a period of time, which helps to secure the Gods Unchained network and contributes to its long-term health.
• In-game purchases: GODS coins can be used to purchase various items and services within the Gods Unchained game, such as card packs, avatars, and upgrades.

3. Price of GODS

The price of GODS is determined by the forces of supply and demand in the cryptocurrency market. The price can fluctuate based on a variety of factors, including:

• The demand for GODS coins among investors and users.
• The supply of GODS coins on cryptocurrency exchanges.
• News and events surrounding the Gods Unchained game and the GODS coin.

4. Factors Affecting the Price of GODS

In addition to the forces of supply and demand, the price of GODS can also be influenced by the following factors:

• Player activity: The number of active players in Gods Unchained can affect the demand for GODS coins, as more players will need to use GODS coins to make in-game purchases and stake their funds.
• Game updates and events: Major updates and events in the Gods Unchained game can also affect the price of GODS, as they can attract new players and interest in the game.
• Competition: The emergence of other play-to-earn games and cryptocurrencies can also affect the price of GODS, as investors and users may choose to allocate their funds to other projects.

FAQs:

Q: How can I obtain GODS coins?

A: You can obtain GODS coins by purchasing them on cryptocurrency exchanges or by earning them through in-game play and staking.

Q: Can I store my GODS coins in a cryptocurrency wallet?

A: Yes, you can store your GODS coins in any cryptocurrency wallet that supports the ERC-20 token standard.

Q: What is the future of the GODS coin?

A: The future of the GODS coin is tied to the success of the Gods Unchained game. If the game continues to attract new players and grow in popularity, the demand for GODS coins is likely to increase, which could lead to a higher price.