What is the circulating supply of DEVVE coins?

Key Points:

• Understanding Circulating Supply
• Calculating Circulating Supply
• Factors Affecting Circulating Supply
• Impact of Circulating Supply on Token Value
• DEVVE Tokenomics and Circulating Supply

Understanding Circulating Supply

In the world of cryptocurrencies, circulating supply plays a crucial role in determining the overall value of a token. Circulating supply refers to the quantity of tokens that are currently in circulation and readily available for trading on exchanges. It excludes tokens that are locked away or held in reserve.

Calculating Circulating Supply

Circulating supply is calculated by subtracting any tokens that are not publicly accessible from the total supply. This includes tokens that are burned or held by the development team, treasury, or other long-term investors. The circulating supply is dynamic and can change over time as tokens are issued, burned, or locked away.

Factors Affecting Circulating Supply

Several factors can influence the circulating supply of a token:

• Token burns and minting: When tokens are burned, they are permanently removed from circulation, reducing the circulating supply. Conversely, if new tokens are minted, the circulating supply increases.
• Unlocking of reserved tokens: Reserved tokens held by the development team or other entities may be released into circulation over time. This can increase the circulating supply and potentially affect token value.
• Token adoption rate: As a token gains adoption and is used more extensively within its ecosystem, the demand for the token increases. This can lead to an increase in circulating supply as more tokens are acquired and held for use.

Impact of Circulating Supply on Token Value

Circulating supply has a direct impact on token value. In general, a lower circulating supply can lead to higher token prices as demand exceeds supply. A high circulating supply can dilute the value of the token, particularly if token issuance is not managed effectively.

DEVVE Tokenomics and Circulating Supply

DEVVE (DEV) is a native token for the Deverse Protocol, a decentralized platform for cross-chain trading. According to Deverse Protocol's whitepaper, the total supply of DEV is initially set at 1 billion tokens.

The circulating supply of DEVVE fluctuates depending on various factors such as token burns, unlocking of reserved tokens, and market demand. Currently, the circulating supply of DEVVE is around 10% of the total supply.

FAQs:What is token burn?

Token burn is a process where tokens are intentionally removed from circulation and destroyed. This reduces the overall circulating supply and potentially increases the value of the remaining tokens.

Why do tokens have reserved supplies?

Reserved tokens are typically held by the development team, treasury, or other entities to support further development, operations, or ecosystem incentives.

How can I check the circulating supply of a token?

Circulating supply information is typically available on the token's official website, whitepaper, or reputable cryptocurrency tracking platforms like CoinMarketCap or CoinGecko.