What is the total supply of Electroneum (ETN) coins?

Electroneum's mobile-based platform aims to democratize cryptocurrency by making it accessible to everyone through a user-friendly wallet.

Jan 03, 2025 at 12:23 am

Key Points of the Article:

• Step 1: Introduction to Electroneum (ETN)

  • Electroneum is a mobile-based cryptocurrency that aims to make cryptocurrency accessible to everyone.
  • It was launched in 2017 and has a user-friendly mobile wallet that allows users to buy, sell, and exchange ETN easily.

• Step 2: Understanding the Total Supply of Electroneum (ETN)

  • The total supply of ETN is approximately 21 billion coins.
  • Of this amount, around 17 billion coins are currently in circulation, with the remaining coins being held in reserve.

• Step 3: Factors Affecting the Total Supply

  • The total supply of ETN is controlled by the project's development team.
  • They can adjust the supply through events such as coin burns or token unlocks.

• Step 4: Distribution of Electroneum's Total Supply

  • The distribution of ETN's total supply is as follows:

    • 70% for public mining
    • 20% for the development team
    • 10% for community airdrops
  • Public mining allows users to earn ETN by providing computing power to the network.

• Step 5: Staking and Its Impact on the Total Supply

  • Electroneum supports staking, which allows users to earn rewards by holding ETN in their wallets.
  • Staking temporarily reduces the circulating supply, as staked coins are not available for trading.

• Step 6: Importance of the Total Supply for Market Value

  • The total supply of a cryptocurrency influences its market capitalization and price.
  • A larger total supply can lead to a lower price per coin, while a smaller total supply can result in a higher price per coin.

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