-
Bitcoin $83,253.5827
2.27% - Ethereum
$1,868.7713
0.29% - Tether USDt
$0.9999
0.03% - XRP
$2.2290
3.52% - BNB
$579.0105
4.97% - Solana
$123.8254
1.58% - USDC
$0.9999
0.01% - Cardano
$0.7170
-0.05% - Dogecoin
$0.1685
4.36% - TRON
$0.2236
0.81% - Pi
$1.7066
14.86% - UNUS SED LEO
$9.6858
-1.80% - Chainlink
$13.1552
2.75% - Hedera
$0.1946
-2.23% - Stellar
$0.2650
5.52% - Avalanche
$18.7530
9.26% - Shiba Inu
$0.0...01214
1.82% - Sui
$2.2430
1.87% - Litecoin
$89.2413
0.39% - Bitcoin Cash
$337.5309
1.42% - Toncoin
$2.6990
2.75% - MANTRA
$6.4530
2.52% - Polkadot
$3.9402
-0.54% - Ethena USDe
$0.9995
0.02% - Dai
$0.9999
0.00% - Bitget Token
$4.1905
1.48% - Hyperliquid
$12.8294
-4.85% - Monero
$208.6207
-0.38% - Uniswap
$5.7737
-1.22% - Aptos
$5.0785
-0.40%
What is the issuance and circulation of Highstreet(HIGH) coins?
Highstreet (HIGH) coin employs an inflationary issuance mechanism, periodic token burns, and staking rewards to manage its supply dynamics and maintain its long-term value within the Highstreet ecosystem.
Nov 29, 2024 at 05:29 am
Highstreet (HIGH) Coin: A Comprehensive Guide to Issuance and Circulation
1. Genesis and Initial Distribution
- Highstreet's genesis occurred on March 18, 2021, with a total supply of 100,000,000 HIGH coins minted.
- Initial distribution was conducted through a series of private and public sales, raising over $5 million.
- Approximately 20% of the total supply was allocated to the project team and advisors, while the remaining 80% was distributed to investors and the public.
2. Inflationary Issuance Mechanism
- HIGH has an inflationary issuance rate of 5% per year, with an additional 2.5% distributed to stakers.
- This issuance mechanism is designed to reward long-term holders and encourage network participation.
- The inflation rate is subject to adjustment by the Highstreet community through governance proposals.
3. Token Burning and Deflationary Measures
- Highstreet implements periodic token burning events to reduce the total circulating supply.
- A portion of transaction fees collected on the Highstreet Marketplace is designated for token burns.
- Token burns aim to increase the scarcity of HIGH coins and enhance their long-term value.
4. Staking and Earning Rewards
- HIGH holders can stake their coins to earn rewards and support the network's security.
- Staked HIGH coins are used to validate transactions and secure the blockchain.
- In return for staking, participants receive rewards in the form of additional HIGH coins.
5. Circulation and Market Cap
- As of September 2023, approximately 60,000,000 HIGH coins are in circulation.
- The market capitalization of HIGH is determined by multiplying the circulating supply by its current market price.
- HIGH is currently ranked among the top 200 cryptocurrencies by market capitalization.
6. Use Cases for HIGH
- Governance: HIGH is used for voting on proposals that shape the future of the Highstreet platform.
- Payment: HIGH can be used to purchase virtual land and other digital assets in the Highstreet Marketplace.
- Staking Rewards: HIGH can be staked to earn rewards and support the network.
- Community Contributions: HIGH can be used to support community-led initiatives within the Highstreet ecosystem.
Note: This article does not provide investment advice. Please conduct thorough research before making any investment decisions.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- Kaanch Network: The Next Big Thing in the Cryptocurrency Market
- 2025-03-13 14:50:51
- U.S. CPI data strengthens expectations of a Fed rate cut this year, pushing Bitcoin back above $80,00.
- 2025-03-13 14:50:51
- Bitcoin, XRP, and Dogecoin Ride the Wave of Favorable Economic Winds
- 2025-03-13 14:50:51
- RWA Tokenization Company Securitize Selects RedStone Oracles as Its Primary Data Provider
- 2025-03-13 14:50:51
- Arichain Partners with Ankr to Enhance Blockchain Scalability and Improve Developer Accessibility
- 2025-03-13 14:50:51
- Ethereum (ETH) Has Hit Its Lowest Value Against Bitcoin (BTC) Since Mid-2020, Suggesting Altcoin Season Could Be Brewing
- 2025-03-13 14:50:51
Related knowledge
What are the main functions of ERC-20 tokens?
Mar 13,2025 at 12:21am
Key Points:ERC-20 tokens are standardized tokens built on the Ethereum blockchain, enabling interoperability and ease of use.Their primary function is to represent fungible assets, meaning each token is interchangeable with any other of the same type.ERC-20 tokens facilitate various use cases, including fundraising (ICOs/IEOs), representing in-game asse...
How are ERC-20 tokens created on the Ethereum blockchain?
Mar 13,2025 at 01:30pm
Key Points:ERC-20 tokens are created by deploying a smart contract to the Ethereum blockchain.This smart contract defines the token's properties, such as name, symbol, total supply, and decimals.Several tools and platforms simplify the process, including online IDEs and dedicated token creation services.Understanding Solidity programming is crucial for ...
What is the ERC-20 standard?
Mar 12,2025 at 06:30pm
Key Points:The ERC-20 standard is a technical specification for creating tokens on the Ethereum blockchain.It defines a common set of rules and functions that all ERC-20 tokens must adhere to.This standardization facilitates interoperability and ease of use for developers and users.Understanding ERC-20 is crucial for anyone involved in Ethereum-based to...
Does SOL coin leverage trading support multi-currency collateral?
Mar 13,2025 at 03:00pm
Key Points:Solana (SOL) leverage trading platforms generally do not support multi-currency collateral directly.Most platforms restrict collateral to SOL itself for leveraged trading of SOL.Using a different cryptocurrency as collateral would require complex intermediary steps and likely higher fees.The lack of multi-currency collateral is a common limit...
Does SOL coin leverage trading support 24-hour trading?
Mar 13,2025 at 09:15am
Key Points:Solana (SOL) leverage trading is offered by numerous cryptocurrency exchanges, but 24/7 availability varies by platform.Most major exchanges offering SOL leverage trading provide near-24/7 access, though brief maintenance windows might occur.The specific trading hours are determined by the individual exchange, not by Solana's blockchain itsel...
Is there a limit on the holding time of SOL in leveraged trading?
Mar 12,2025 at 08:40am
Key Points:There's no inherent time limit on holding SOL in leveraged trading imposed by the cryptocurrency itself.Holding times are dictated by the leveraged trading platform's terms and conditions, and risk management strategies.Liquidity requirements, funding rates, and margin calls significantly influence how long one can realistically hold a levera...
What are the main functions of ERC-20 tokens?
Mar 13,2025 at 12:21am
Key Points:ERC-20 tokens are standardized tokens built on the Ethereum blockchain, enabling interoperability and ease of use.Their primary function is to represent fungible assets, meaning each token is interchangeable with any other of the same type.ERC-20 tokens facilitate various use cases, including fundraising (ICOs/IEOs), representing in-game asse...
How are ERC-20 tokens created on the Ethereum blockchain?
Mar 13,2025 at 01:30pm
Key Points:ERC-20 tokens are created by deploying a smart contract to the Ethereum blockchain.This smart contract defines the token's properties, such as name, symbol, total supply, and decimals.Several tools and platforms simplify the process, including online IDEs and dedicated token creation services.Understanding Solidity programming is crucial for ...
What is the ERC-20 standard?
Mar 12,2025 at 06:30pm
Key Points:The ERC-20 standard is a technical specification for creating tokens on the Ethereum blockchain.It defines a common set of rules and functions that all ERC-20 tokens must adhere to.This standardization facilitates interoperability and ease of use for developers and users.Understanding ERC-20 is crucial for anyone involved in Ethereum-based to...
Does SOL coin leverage trading support multi-currency collateral?
Mar 13,2025 at 03:00pm
Key Points:Solana (SOL) leverage trading platforms generally do not support multi-currency collateral directly.Most platforms restrict collateral to SOL itself for leveraged trading of SOL.Using a different cryptocurrency as collateral would require complex intermediary steps and likely higher fees.The lack of multi-currency collateral is a common limit...
Does SOL coin leverage trading support 24-hour trading?
Mar 13,2025 at 09:15am
Key Points:Solana (SOL) leverage trading is offered by numerous cryptocurrency exchanges, but 24/7 availability varies by platform.Most major exchanges offering SOL leverage trading provide near-24/7 access, though brief maintenance windows might occur.The specific trading hours are determined by the individual exchange, not by Solana's blockchain itsel...
Is there a limit on the holding time of SOL in leveraged trading?
Mar 12,2025 at 08:40am
Key Points:There's no inherent time limit on holding SOL in leveraged trading imposed by the cryptocurrency itself.Holding times are dictated by the leveraged trading platform's terms and conditions, and risk management strategies.Liquidity requirements, funding rates, and margin calls significantly influence how long one can realistically hold a levera...
See all articles
