What is the issuance and circulation of ELON coins?

ELON coin's genesis supply was 1 quadrillion, but 50% was burned at launch, creating a decreasing supply-to-circulation ratio over time due to staking rewards and community initiatives.

Oct 06, 2024 at 05:35 am

Elongate (ELON) Coin: Issuance and Circulation1. Issuance:

ELON was launched as a BEP-20 token on the Binance Smart Chain (BSC) on April 28, 2021.
A total supply of 1 quadrillion (1,000,000,000,000,000) ELON tokens was created at genesis.
50% (500 trillion) of the tokens were burned immediately, significantly reducing the initial supply.

2. Circulation:

As of July 17, 2023, there are approximately 293 trillion ELON tokens in circulation.
The circulating supply gradually increases over time due to rewards distributed through staking and other mechanisms.
The percentage of burned tokens remains constant, ensuring a decreasing ratio of circulating to total supply.

3. Market Cap and Tokenomics:

The market capitalization of ELON is determined by multiplying the circulating supply by the current market price.
The tokenomics of ELON are designed to balance circulation and value appreciation through burn mechanisms and community incentives.
A 10% tax is levied on all transactions, with a portion burned and the rest distributed to stakers.

4. Charitable Initiatives:

A portion of ELON's revenue is dedicated to charitable causes.
The community-driven protocol has made significant donations to non-profit organizations worldwide.

5. Investment Considerations:

ELON is a volatile asset, and investors should exercise caution before investing.
The tokenomics and future roadmap play a significant role in determining its long-term value.
Potential investors should research and understand the project before making any decisions.

Disclaimer:info@kdj.com

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！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

PIEVERSE

$1.28

8.10%

Trade Now
INJ

$8.33

4.43%

Trade Now
ARB

$0.1654

1.37%

Trade Now
LIT

$3.44

1.17%

Trade Now
M

$0.8410

1.01%

Trade Now
JST

$0.1412

0.83%

Trade Now

Latest Crypto News

American Bitcoin Navigates Shifting Tides: Mining Pressures Meet AI Data Center Opportunities
2026-11-06 12:35:02
IPX Ignites Music Pop-Culture with FAN SZN: Rewarding the Ultimate Fans
2026-11-06 08:30:01
DIFC Courts Paving the Way for Oracle-driven Enforceability in Dispute Resolution
2026-11-06 08:45:01
Zcash, ZEC, Kripto Para: The Grand Sprout Farewell and NU7's Bold New Era
2026-11-05 20:45:01
Stablecoin Supply Surge Hints at Bitcoin Bullish Shift: Market Liquidity on the Rise
2026-11-05 20:35:01
NYC Alert: AI-Driven Attacks Hit Crypto Exchanges at Machine Speed – Are Your Digital Assets Safe?
2026-11-05 12:50:02

Related knowledge

Bitcoincoin Risk Management Tips

Jun 18,2026 at 02:40pm

Market Volatility Patterns1. Bitcoin price swings often exceed 15% within a 24-hour window during high-liquidity events such as ETF approval announcem...

Bitcoincoin Spot vs Futures Trading Guide

Jun 15,2026 at 04:55am

Market Volatility Patterns1. Bitcoin price swings often correlate with macroeconomic data releases, especially U.S. CPI and non-farm payroll reports. ...

Bitcoincoin Long Term Outlook Explained

Jun 22,2026 at 07:20pm

Origins and Cultural Foundation1. Dogecoin emerged in December 2013 as a satirical response to the speculative frenzy surrounding early cryptocurrenci...

Should You Invest in Bitcoincoin in 2026

Jun 17,2026 at 09:00am

Origins and Cultural Resonance1. Dogecoin emerged in December 2013 as a satirical response to Bitcoin’s early speculative fervor, created by software ...

Bitcoincoin Crash Analysis Market Behavior

Jun 22,2026 at 07:40pm

Market Sentiment Dynamics1. Social media engagement metrics for DOGE have declined sharply across X (formerly Twitter), Reddit, and Telegram channels ...

Bitcoincoin Funding Rate Explained Simply

Jun 26,2026 at 12:00pm

Funding Rate Mechanics1. Funding rate is a periodic payment exchanged between long and short traders on perpetual futures contracts. 2. It adjusts eve...