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What is the issuance and circulation of WINkLink (WIN) coins?
WINkLink (WIN) coins initially launched with an 800 million token issuance, allocated for specific purposes such as liquidity provision, ecosystem development, and incentives for network participation.
Dec 17, 2024 at 10:42 pm
What is the Issuance and Circulation of WINkLink (WIN) Coins?
WINkLink (WIN) is a TRC-20 token issued on the Tron blockchain. It serves as the native utility token of the WINk decentralized oracle network, which provides secure and reliable data feeds for blockchain applications. The issuance and circulation of WIN coins involves several key aspects:
1. Total Supply and Issuance:
- The maximum supply of WIN coins is capped at 999,999,999 coins.
Initially, 800,000,000 WIN coins were issued and allocated for various purposes, including:
- Liquidity provision: 26%
- Ecosystem development: 18%
- Incentives for validators: 10%
- Community rewards: 6%
- Marketing and operations: 4%
- Reserve: 36%
2. Token Distribution:
WIN coins are distributed through various channels, including:
- Liquidity pools: WIN coins are provided as liquidity incentives on decentralized exchanges (DEXs) to facilitate trading activities.
- Ecosystem initiatives: Grants and rewards are disbursed in WIN coins to support projects and initiatives that contribute to the WINkLink network's growth.
- Validators: Nodes operating within the WINkLink network are rewarded with WIN coins for their contributions to data validation and security.
- Community participation: Active members of the WINk community can earn WIN coins through events, contests, and referral programs.
3. Circulation:
- Circulating supply refers to the number of WIN coins currently available in the market and actively traded.
- The circulating supply is calculated as the total issued coins minus any coins that have been burned or are locked in smart contracts.
- As of Q1 2023, the estimated circulating supply of WIN coins is approximately 700 million, representing a significant portion of the total supply.
4. Burning Mechanism:
- WINkLink employs a deflationary mechanism known as burning, where a portion of the transaction fees generated by the network are repurchased and subsequently burned, effectively reducing the token's supply.
- This burning mechanism aims to increase the scarcity of WIN coins, potentially leading to higher demand and price appreciation.
5. Inflationary Aspect:
- To incentivize validator participation, a small amount of WIN coins are minted as block rewards every epoch (approximately every 24 hours).
- These newly minted coins gradually enter circulation, representing a potential inflationary factor that could modestly increase the total supply over time.
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