How much is the circulation of Hippocrat (HPO) coins?

The circulating supply of Hippocrat (HPO) is calculated by subtracting burned tokens from the total supply, which is 100 million (100,000,000) tokens.

Dec 31, 2024 at 08:12 am

How much is the circulation of Hippocrat (HPO) coins?

Key takeaways:

1. The HPO circulating supply is calculated by subtracting burned tokens from the total supply.
2. HPO has a mechanism in place to burn tokens over time, reducing the circulating supply.
3. The circulating supply of HPO can be tracked on various cryptocurrency data platforms.

Understanding Circulating Supply

The circulating supply of a cryptocurrency refers to the number of tokens or coins currently available for trading in the market. In the case of the Hippocrat (HPO) token, its circulating supply is calculated by subtracting burned tokens from the total supply. Burned tokens are tokens that have been permanently removed from circulation, reducing the overall available supply.

Hippocrat's Token Burning Mechanism

HPO has a token burning mechanism that ensures a reduction in the token's total and circulating supply over time. Token burning involves sending tokens to a specific address where they are essentially destroyed, permanently removing them from circulation. This mechanism helps regulate the supply dynamics of HPO and can have a positive impact on its market price.

Tracking Hippocrat's Circulating Supply

The circulating supply of HPO can be tracked on various cryptocurrency data platforms such as CoinMarketCap and CoinGecko. These platforms provide real-time updates on the token's circulating supply, total supply, and market capitalization. Additionally, the official Hippocrat website and social media channels often share updates on the token's supply dynamics.

Steps Involved in Calculating Circulating Supply

Calculating the circulating supply of HPO involves the following steps:

• Determine the total supply: The total supply of HPO refers to the total number of tokens that have been created or mined.
• Identify the number of burned tokens: Locate information on the number of HPO tokens that have been burned or removed from circulation.
• Subtract burned tokens from total supply: Subtract the number of burned tokens from the total supply to obtain the circulating supply.

Understanding the Impact of Circulating Supply

The circulating supply of a cryptocurrency can influence its market behavior. A lower circulating supply generally indicates a higher scarcity of tokens, which can lead to increased demand and price appreciation. On the other hand, a higher circulating supply can indicate a larger availability of tokens, potentially impacting the token's price volatility and overall market valuation.

FAQs

Q: How do I track the circulating supply of HPO?
A: The circulating supply of HPO can be tracked on cryptocurrency data platforms such as CoinMarketCap and CoinGecko.

Q: What is the purpose of burning HPO tokens?
A: Burning HPO tokens reduces the total and circulating supply, which can help regulate the token's price dynamics and increase its scarcity.

Q: How often does Hippocrat burn tokens?
A: The frequency of HPO token burns may vary based on the project's tokenomics and roadmap. Refer to the official Hippocrat website or social media channels for updates on upcoming burns.

Q: What is the total supply of HPO tokens?
A: The total supply of HPO tokens is 100 million (100,000,000).