What is the circulation volume of Artyfact (ARTY)?

As of January 2023, the circulation volume of ARTY, a token powering a suite of blockchain asset management tools, stands at approximately 250 million tokens out of a total supply of 1 billion.

Dec 06, 2024 at 03:51 pm

What is the Circulation Volume of Artyfact (ARTY)?

Introduction

Artyfact (ARTY) is a project that offers a suite of tools for building, managing, and deploying blockchain assets, leveraging artificial intelligence (AI) to eliminate complexities associated with blockchain development. Powered by the ARTY token, the platform aims to provide a seamless experience for both experienced blockchain developers and those just getting started.

Circulation Volume

The circulation volume of ARTY is the amount of the token that is currently in circulation. It is calculated by subtracting the number of tokens held in reserve or locked up in smart contracts from the total supply. As of January 2023, the circulation volume of ARTY is approximately 250 million tokens, out of a total supply of 1 billion.

Factors Affecting Circulation Volume

The circulation volume of ARTY can be influenced by a number of factors, including:

• Token burns: Artyfact regularly conducts token burns to reduce the overall supply of ARTY, which can lead to an increase in the price of the token.
• Staking: Holders of ARTY can stake their tokens to earn rewards, which reduces the number of tokens in circulation.
• New token issuance: Artyfact may periodically issue new tokens to fund development or to reward users, which can increase the circulation volume.

Significance of Circulation Volume

The circulation volume of ARTY is an important metric for several reasons:

• Liquidity: A higher circulation volume generally means that there is more liquidity for ARTY, which makes it easier to buy and sell the token.
• Supply and demand: The circulation volume can influence the supply and demand of ARTY, which can impact the price of the token.
• Market capitalization: The market capitalization of ARTY is calculated by multiplying the circulation volume by the current price of the token.

Steps to Calculate Circulation Volume

To calculate the circulation volume of ARTY, follow these steps:

• Determine the total supply of ARTY. The total supply is the maximum number of ARTY tokens that will ever exist.
• Exclude tokens held in reserve. These tokens are typically held by the Artyfact team or by investors and are not available for circulation.
• Exclude tokens locked in smart contracts. These tokens are used for specific purposes and are not available for trading.
• Subtract the excluded tokens from the total supply. The result is the circulation volume of ARTY.