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What is the issuance and circulation of Phoenix (PHB) coins?
The Phoenix ecosystem is powered by PHB coins, which are issued through mining and have a total supply capped at 1 billion.
Nov 30, 2024 at 01:56 pm
What is the Issuance and Circulation of Phoenix (PHB) Coins?
Introduction
Phoenix (PHB) is a decentralized cryptocurrency that operates on the Ethereum blockchain. It was created in 2017 as a way to facilitate secure and transparent transactions. PHB coins are used to power the Phoenix ecosystem, which includes a variety of decentralized applications and services.
Issuance
PHB coins are issued through a process called mining. Miners use specialized hardware to solve complex mathematical problems. When a miner successfully solves a problem, they are rewarded with PHB coins. The number of PHB coins that are issued each day is capped at 144,000.
Circulation
The total supply of PHB coins is 1 billion. Of this total, approximately 80% is currently in circulation. The remaining 20% is held by the Phoenix Foundation, which is a non-profit organization that supports the development of the Phoenix ecosystem.
Factors Affecting Issuance and Circulation
A number of factors can affect the issuance and circulation of PHB coins, including:
- Mining difficulty: The difficulty of mining PHB coins increases over time. This is done to ensure that the issuance of new coins is controlled and predictable.
- Block reward: The block reward is the amount of PHB coins that miners are rewarded for solving a block. The block reward is halved every four years.
- Circulating supply: The circulating supply of PHB coins is the number of coins that are currently in circulation. The circulating supply can be increased or decreased through the issuance of new coins or the burning of existing coins.
Conclusion
The issuance and circulation of PHB coins are important factors that affect the value and utility of the cryptocurrency. By understanding how these factors work, investors can make more informed decisions about buying, selling, and holding PHB coins.
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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！
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