What is the issuance and circulation volume of AGIX coins?

AGIX's circulating supply, at approximately 795 million tokens, is governed by a token burn mechanism, staking programs, and the platform's issuance strategy.

Oct 06, 2024 at 08:05 pm

Issuance and Circulation Volume of AGIX Coins

1. Issuance

• AGIX is the native token of the SingularityNET network, a decentralized artificial intelligence (AI) platform.
• The initial supply of AGIX was 1 billion tokens, of which 500 million were issued to the founding team, investors, and early contributors.
• AGIX can be purchased on cryptocurrency exchanges or earned through staking and rewards programs on the SingularityNET platform.

2. Circulation Volume

• The circulating supply of AGIX varies over time due to token burns, staking, and other factors.
• As of April 24, 2023, the circulating supply of AGIX is approximately 795,157,764 tokens.
• The total supply of AGIX remains at 1 billion tokens.

3. Token Burn Mechanism

• SingularityNET has implemented a token burn mechanism to reduce the circulating supply of AGIX.
• A portion of the tokens used for transaction fees on the network are burned, thereby reducing the overall supply.
• Token burns aim to increase the scarcity of AGIX and potentially enhance its value.

4. Staking and Reward Programs

• AGIX holders can stake their tokens to earn rewards and contribute to the security of the network.
• Staking involves locking up AGIX tokens for a specified period.
• Stakers receive rewards in the form of AGIX tokens or other incentives.

Conclusion

The issuance and circulation volume of AGIX coins are important factors that affect the token's supply and demand dynamics. The circulating supply has been decreasing due to token burns and staking, while the total supply remains fixed at 1 billion. AGIX holders can participate in staking and reward programs to earn rewards and contribute to the growth of the SingularityNET ecosystem.