What is the issuance amount of PUFFER coins?

PUFFER Coin's limited issuance of 100,000,000 tokens helps control supply, influences price dynamics, and contributes to potential value appreciation over time.

Dec 10, 2024 at 07:02 am

What is the Issuance Amount of PUFFER Coins?

1. Understanding Issuance Amount in Blockchain

The issuance amount of a cryptocurrency refers to the total number of coins that will ever be created and put into circulation. It is predetermined by the project's creators and serves as a fundamental aspect of the coin's economics. Limiting the issuance amount helps control supply, influence price dynamics, and contribute to potential value appreciation over time.

2. PUFFER Coin Issuance Amount

PUFFER is a decentralized finance (DeFi) protocol that leverages synthetic assets and non-fungible tokens (NFTs) to introduce real-world assets into the blockchain ecosystem. The PUFFER coin serves as the platform's native token, facilitating various operations within the PUFFER protocol.

3. PUFFER Coin Issuance Details

• Total Issuance: 100,000,000 PUFFER coins
• Initial Circulating Supply: 20,000,000 PUFFER coins (20% of total issuance)

• Token Allocation: The remaining 80,000,000 PUFFER coins are distributed as follows:

  • 20% for ecosystem development and protocol improvements
  • 20% for the team and contributors
  • 20% for investors
  • 20% for long-term market development

4. Token Distribution and Future Releases

The initial circulating supply of 20,000,000 PUFFER coins was distributed through various channels, including token sales, liquidity pools, and strategic partnerships. The remaining 80,000,000 coins will be gradually released over time according to the project roadmap and community governance decisions.

5. Impact of Issuance Limit on PUFFER Coin Economics

The limited issuance amount of 100,000,000 PUFFER coins contributes to the coin's potential value appreciation. By controlling the supply, PUFFER can mitigate inflation and create scarcity, making the coin more attractive to investors who anticipate the potential for future growth.

6. Token Burning and Buyback Mechanisms

PUFFER has implemented several mechanisms to further control the circulating supply and support the value of the PUFFER coin:

• Token Burn: A portion of transaction fees collected on the PUFFER platform is periodically used to buy back and burn PUFFER coins, reducing the circulating supply.
• Buyback and Hold: PUFFER may use a portion of its treasury funds to purchase PUFFER coins from the market and hold them, further reducing the circulating supply and supporting the coin's price.

7. Transparent Issuance and Tracking

PUFFER utilizes a transparent blockchain system that allows anyone to track the issuance and distribution of PUFFER coins. This transparency enhances trust and accountability within the PUFFER community and among investors.