What is the issuance volume of LAT coin? Introduction to LAT coin issuance and circulation price

The LAT issuance mechanism, consisting of mining and block reward halving, regulates the gradual release of LATs into circulation, influencing the supply and demand dynamics of the cryptocurrency.

Feb 07, 2025 at 07:24 am

Key Points

• History of LAT issuance
• LAT issuance mechanism
• LAT issuance schedule
• LAT circulation supply
• Factors affecting LAT issuance

Article

History of LAT Issuance

LAT coin (LAT) was first issued in 2017 through an initial coin offering (ICO). During this ICO, 400 million LATs were sold, raising over $60 million. These LATs were distributed to participants in exchange for Bitcoin (BTC) and Ethereum (ETH).

LAT Issuance Mechanism

LAT is issued through a process called "mining." Miners solve complex mathematical problems to verify transactions on the LAT network. As a reward for their work, miners receive newly issued LATs. The number of LATs issued per block is determined by the consensus algorithm used by the network. Currently, LAT uses the Proof-of-Work (PoW) consensus algorithm, which releases a fixed number of LATs per block mined.

LAT Issuance Schedule

The LAT issuance schedule is determined by the network's PoW consensus algorithm. According to this schedule, the number of LATs issued per block decreases over time. This is known as the "halving" process, where the block reward is cut in half approximately every four years. The first halving occurred in 2019, reducing the block reward from 50 LATs to 25 LATs. The next halving is expected to occur in 2023, further reducing the block reward to 12.5 LATs.

LAT Circulation Supply

The circulating supply of LAT refers to the number of LATs that are currently in circulation and available for trading. This supply is constantly changing, as new LATs are issued through mining and existing LATs are lost or destroyed. As of February 2023, the circulating supply of LAT is approximately 120 million.

Factors Affecting LAT Issuance

Several factors can affect the issuance of LAT:

• Mining difficulty: The difficulty of mining LATs increases over time, making it more challenging for miners to solve the mathematical problems and earn block rewards. This reduced issuance rate can impact the total supply of LAT in circulation.
• Block reward: The block reward given to miners for verifying transactions on the network can influence the issuance rate. A higher block reward encourages more miners to participate in the process, potentially increasing the issuance rate. Conversely, a lower block reward may lead to fewer miners and a slower issuance rate.
• Market demand: The demand for LAT in the cryptocurrency market can also impact issuance. If there is high demand for LAT, it can drive up the price, making it more attractive for miners to participate and increasing the issuance rate. Conversely, low demand can lead to a decline in issuance rate.

FAQs

How many LATs are issued per day?

The number of LATs issued per day varies depending on the mining difficulty and hash rate of the network. However, as of February 2023, the average daily issuance rate is approximately 2,800 LATs.

What is the total supply of LAT?

The total supply of LAT is capped at 840 million. This means that there will never be more than 840 million LATs in circulation.

How can I get LAT?

LAT can be acquired by:

• Purchasing it on cryptocurrency exchanges
• Mining it using a computer and specialized hardware
• Earning it as a reward for participating in the LAT network