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What is the issue volume of ADA coins? One article introduces the application scenarios of ADA coins
The total supply of ADA coins is capped at 45 billion, distributed among the founding team, early backers, and various community stakeholders.
Oct 11, 2024 at 11:05 pm
Understanding the Issuance Volume of ADA Coins
1. Concept of ADA Coins
ADA is the native cryptocurrency of the Cardano blockchain, a decentralized platform designed for smart contract development and decentralized applications (dApps). ADA is used to facilitate transactions on the Cardano network and participate in its governance.
2. Issuance Volume of ADA
The total issuance volume of ADA is limited to 45 billion coins, as specified in the Cardano blockchain's genesis protocol. This supply is intended to prevent inflation and ensure the value of the cryptocurrency.
3. Allocation of ADA
The initial distribution of ADA was as follows:
- Founding team: 25%
- Early backers: 15%
- Catalyst community fund: 10%
- Initial stake pool operators: 8%
- Reserve for future development: 42%
4. Application Scenarios of ADA Coins
ADA coins have a wide range of applications within the Cardano ecosystem, including:
- Transaction fees: ADA is used to pay transaction fees on the Cardano network. These fees are used to reward stake pool operators and secure the network.
- Staking rewards: ADA holders can stake their coins to participate in the network's consensus mechanism. In return for staking, holders receive rewards in the form of additional ADA coins.
- Governance voting: ADA holders can participate in voting on governance proposals that influence the development and direction of the Cardano ecosystem.
- DApp transactions: ADA is used to pay for goods and services within dApps built on the Cardano platform.
5. Conclusion
The issuance volume of ADA coins is carefully controlled to ensure its value and prevent inflation. ADA has a variety of use cases within the Cardano ecosystem, serving as a payment method, staking reward, governance token, and platform currency for dApp transactions.
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