Introduction to the total issuance volume and online exchanges of ANKR coin

The issuance of ANKR coins is influenced by NPoS consensus, node hosting revenue, and ecosystem development, while its impact on value is affected by supply, demand, usage, and market conditions.

Oct 06, 2024 at 08:36 am

ANKR Coin Issuance Volume and Online Exchanges

1. Total Issuance Volume

ANKR's maximum total issuance volume is 10 billion ANKR coins. As of March 2023, approximately 8.3 billion ANKR have been issued.

2. Online Exchanges

ANKR coins are traded on several online exchanges worldwide, including:

• Binance
• Coinbase
• KuCoin
• Kraken
• Huobi

3. Factors Affecting ANKR Coin Issuance

• Node Proof-of-Stake (NPoS) Consensus Mechanism: ANKR rewards users who stake their ANKR coins with new coins. This process gradually increases the total issuance volume.
• Revenue from Node Hosting: ANKR generates revenue from hosting blockchain nodes. A portion of this revenue may be used to issue new ANKR coins.
• Ecosystem Development: ANKR may issue new coins to fund the development of its ecosystem, such as new features and partnerships.

4. Impact of Issuance on ANKR Coin Value

The issuance of new ANKR coins can potentially affect its market value by increasing the supply and reducing its scarcity. However, factors such as demand, usage, and overall market conditions also play significant roles in determining the coin's value.

5. Transparency and Verification

ANKR maintains a transparent issuance schedule, which can be viewed on its official website and blockchain explorers. Anyone can verify the issuance volume and distribution through these resources.