What is the issuance and circulation volume of DigiByte (DGB)?

DigiByte's circulating supply of approximately 14.8 billion DGB, comprising 70% of its capped total supply, reflects its distribution scheme and market demand.

Oct 01, 2024 at 11:36 am

What is the Issuance and Circulation Volume of DigiByte (DGB)?

1. Issuance

DigiByte (DGB) has a total supply of 21 billion tokens, which were all created at the time of the genesis block in January 2014. No additional DGB will ever be issued.

2. Circulation Supply

The circulating supply of DGB fluctuates based on market conditions. However, as of February 15, 2023, the circulating supply is approximately 14.8 billion DGB. This means that approximately 70% of the total supply is currently in circulation.

3. Distribution

The initial distribution of DGB was as follows:

50% distributed to the public through a Proof-of-Work mining process
25% reserved for the DigiByte Foundation
15% reserved for development and marketing
10% distributed to early adopters and contributors

4. Significance

The issuance and circulation volume of a cryptocurrency have a significant impact on its value and price. A limited supply, such as that of DigiByte, can help to increase the value of the token over time as demand increases. Additionally, a large circulating supply can provide liquidity and stability to the token's price.

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