Cryptocurrencies

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What is the circulation amount of Maple Token (MPL) coins?

Maple Finance's MPL token has a circulating supply of 6.5 million, out of a total supply of 10 million.

Dec 22, 2024 at 02:00 am

Key Points:

Information on the Total Supply and Circulating Supply of Maple Token (MPL)
Steps to Calculate Circulating Supply
Factors Affecting Circulating Supply
Ranking of Exchanges by MPL Trading Volume (excluding FTX)
Frequently Asked Questions (FAQs)

Content:

Information on the Total Supply and Circulating Supply of Maple Token (MPL)

Maple Token (MPL) is the native governance token of the Maple Finance decentralized lending platform. It is used for staking, voting, and incentivizing participation in the protocol. The total supply of MPL is limited to 10,000,000 tokens, with a current circulating supply of approximately 6,500,000 tokens.

Steps to Calculate Circulating Supply

The circulating supply of MPL represents the amount of tokens that are currently in circulation, minus any tokens that have been burned or are held in reserve. To calculate the circulating supply, follow these steps:

Determine the Total Supply: The total supply is the fixed amount of tokens issued by the protocol.
Identify Burned Tokens: Burned tokens are tokens that have been permanently removed from circulation. These tokens are typically used for deflationary measures or to adjust the token economics.
Deduct Reserve Tokens: Reserve tokens are tokens that are held by the protocol for future development, marketing, or other purposes.
Formula for Circulating Supply: Circulating Supply = Total Supply - Burned Tokens - Reserve Tokens

Factors Affecting Circulating Supply

The circulating supply of MPL can fluctuate due to several factors, including:

Token Burns: Protocol updates or community decisions can result in burning tokens, reducing the circulating supply.
Liquidity Pool Dynamics: Changes in the availability of MPL in liquidity pools can alter the circulating supply.
Staking and Unstaking: When users stake MPL, it is temporarily removed from the circulating supply, while unstaking adds MPL back into circulation.

Ranking of Exchanges by MPL Trading Volume (excluding FTX)

According to CoinMarketCap, the exchanges with the highest 24-hour MPL trading volume, excluding FTX, are:

Binance
Coinbase
Huobi Global
KuCoin
Uniswap

FAQs

Q: What is the total supply of MPL?
- A: The total supply is 10,000,000 tokens.
Q: How do I calculate the circulating supply of MPL?
- A: Subtract any burned or reserve tokens from the total supply.
Q: What factors can affect the circulating supply of MPL?
- A: Token burns, liquidity pool dynamics, and staking/unstaking activity.
Q: Which exchange has the highest MPL trading volume?
- A: Binance, excluding FTX.
Q: How can I acquire MPL tokens?
- A: You can purchase MPL on supported exchanges or earn them as rewards for participating in the Maple Finance protocol.

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