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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.
**FAQs Related to the Keywords in the
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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