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What is the issuance amount of STRK coins?
The total issuance amount of STRK coins is fixed at 1 billion, ensuring a limited and controlled supply.
Nov 17, 2024 at 01:15 pm
What is the Issuance Amount of STRK Coins?
The total issuance amount of STRK coins is 1 billion, with a circulating supply of 741 million as of May 2023.
Key Facts About STRK Coin Issuance
- STRK is the native token of the Strike protocol, a decentralized payment network.
- The total supply of STRK coins is fixed at 1 billion, and there will never be more STRK coins created.
- The circulating supply of STRK coins is constantly changing as new coins are mined and old coins are lost or destroyed.
- STRK coins can be used to pay for goods and services on the Strike network, or they can be traded on cryptocurrency exchanges.
Issuance Schedule and Distribution
The STRK coin issuance schedule is as follows:
- 50% of the total supply was mined in the first year after the launch of the Strike network.
- 25% of the total supply will be mined in the second year after the launch of the Strike network.
- The remaining 25% of the total supply will be mined in the third year after the launch of the Strike network.
The STRK coins that are mined are distributed to miners who validate transactions on the Strike network. Miners are rewarded with STRK coins for their work in securing the network.
Use Cases for STRK Coins
STRK coins can be used to:
- Pay for goods and services on the Strike network.
- Send and receive payments from anywhere in the world.
- Trade on cryptocurrency exchanges.
- Stake to earn rewards.
Conclusion
The total issuance amount of STRK coins is 1 billion, with a circulating supply of 741 million as of May 2023. STRK coins are used to pay for goods and services on the Strike network, or they can be traded on cryptocurrency exchanges. The issuance schedule for STRK coins is designed to ensure that the network is secure and decentralized.
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