What is the circulation amount of PinLink (PIN) coins?

The circulation supply of PIN coins, a crucial aspect of the PinLink platform, represents the number of tokens currently in public circulation and is influenced by factors such as token distribution and market demand.

Dec 03, 2024 at 12:06 am

What is the Circulation Amount of PinLink (PIN) Coins?

PinLink (PIN) is a decentralized cloud computing platform that leverages blockchain technology to provide secure and scalable data storage, processing, and sharing services. The platform aims to establish a universal computing and storage network that enables efficient and cost-effective resource utilization. PIN, the native token of the PinLink ecosystem, plays a crucial role in facilitating various platform operations, including payment for services, network governance, and incentivizing contributions.

To comprehensively understand the circulation amount of PIN coins, it is essential to delve into the token distribution and emission mechanisms employed by the PinLink platform:

Token Distribution

The total supply of PIN coins is capped at 1,000,000,000 tokens. Upon launch, the tokens were distributed as follows:

• Team and Advisors: 10% (100,000,000 PIN)
• Foundation: 20% (200,000,000 PIN)
• Ecosystem Development: 10% (100,000,000 PIN)
• Seed Sale: 6% (60,000,000 PIN)
• Private Sale: 18% (180,000,000 PIN)
• Public Sale: 16% (160,000,000 PIN)
• Liquidity: 10% (100,000,000 PIN)
• Advisors: 10% (100,000,000 PIN)

Token Emissions

The issuance of new PIN coins is controlled through a halving mechanism, similar to Bitcoin's monetary policy. The block reward for mining a PIN block is periodically halved, creating a disinflationary effect that limits the supply of new coins entering the market. This mechanism aims to maintain the value of PIN tokens over the long term.

Circulation Supply

The circulation supply of PIN coins represents the number of tokens that are currently in public circulation. This includes tokens that have been distributed to token holders, purchased on exchanges, or used for platform services. The circulation supply of PIN coins is constantly fluctuating due to market activities, such as trading and staking.

As of August 2023, the circulation supply of PIN coins is approximately 350,000,000 PIN, representing approximately 35% of the total supply. The remaining tokens are held by the team, foundation, and other entities involved in the PinLink ecosystem.

Factors Affecting Circulation Supply

The following factors can influence the circulation supply of PIN coins:

• Token Distribution: The initial distribution of tokens has a significant impact on the circulation supply. A large proportion of tokens allocated to long-term holders, such as the team or foundation, can reduce the immediate circulation supply.
• Token Emissions: The rate at which new tokens are issued through mining or other mechanisms can affect the circulation supply. A high emission rate can increase the supply, while a low emission rate can reduce it.
• Token Buybacks: If the PinLink platform or its stakeholders decide to buy back tokens from the market, it can reduce the circulation supply.
• Market Demand: The demand for PIN tokens in the market can influence the circulation supply. Increased demand for tokens can lead to higher prices and reduced circulation, as tokens are held as investments. Conversely, decreased demand can lead to lower prices and increased circulation.