-
bitcoin $87959.907984 USD
1.34% - ethereum
$2920.497338 USD
3.04% - tether
$0.999775 USD
0.00% - xrp
$2.237324 USD
8.12% - bnb
$860.243768 USD
0.90% - solana
$138.089498 USD
5.43% - usd-coin
$0.999807 USD
0.01% - tron
$0.272801 USD
-1.53% - dogecoin
$0.150904 USD
2.96% - cardano
$0.421635 USD
1.97% - hyperliquid
$32.152445 USD
2.23% - bitcoin-cash
$533.301069 USD
-1.94% - chainlink
$12.953417 USD
2.68% - unus-sed-leo
$9.535951 USD
0.73% - zcash
$521.483386 USD
-2.87%
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
- 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.
- 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.
- 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.
- A portion of ELON's revenue is dedicated to charitable causes.
- The community-driven protocol has made significant donations to non-profit organizations worldwide.
- 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.
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