What is the total circulation of Alkimi (ADS) coins?

Alkimi's circulating token supply is dynamic, shaped by automated token burns that reduce supply, enhance scarcity, and potentially increase the value of ADS tokens.

Dec 24, 2024 at 10:16 pm

Key Points:

• Circulating supply varies based on token burn mechanisms.
• Maximum supply capped at 300,000,000 ADS.
• Token burning reduces supply, increasing scarcity and potential value.
• Active monitoring of supply by Alkimi ensures price stability.
• Regular burn events occur to maintain scarcity and drive price appreciation.

Total Circulation of Alkimi (ADS) Coins

Alkimi (ADS) is an Ethereum-based (ERC-20) utility token that powers the Alkimi Ecosystem. Its total circulation, which refers to the number of ADS tokens currently in the market, is not fixed and varies over time due to the implementation of token burn mechanisms by Alkimi.

1. Maximum Supply: 300,000,000 ADS

Alkimi's maximum supply is capped at 300,000,000 ADS, which means that this is the maximum number of tokens that will ever exist. This finite supply ensures scarcity and helps maintain the value of the ADS token.

2. Token Burning: Reducing Supply, Increasing Scarcity

One of the primary factors that influence the total circulation of ADS is the implementation of token burning mechanisms. Token burning involves removing a certain number of tokens from the circulating supply, thereby reducing the total number of available tokens. This process increases the scarcity of ADS tokens and potentially drives up their value.

3. Active Monitoring and Price Stability

Alkimi actively monitors the circulating supply of ADS and adjusts its token burn strategy accordingly to ensure price stability. The team analyzes market conditions and community feedback to determine the optimal rate of token burns. This ongoing management helps prevent extreme volatility and protects the value of ADS tokens.

4. Regular Burn Events: Maintaining Scarcity and Appreciation

Alkimi conducts regular burn events to maintain token scarcity and support price appreciation. These events involve sending a portion of ADS tokens to a designated burn address, where they are permanently removed from the circulating supply. The frequency and amount of token burns are typically announced in advance to ensure transparency and community involvement.

FAQs:

Q: What is the current circulating supply of ADS tokens?
A: The current circulating supply of ADS tokens varies and is updated regularly. Refer to reliable sources for the most up-to-date information.

Q: How often does Alkimi conduct token burns?
A: The frequency of token burns is subject to change based on market conditions and is determined by Alkimi's team. Announcements are typically made in advance.

Q: What is the purpose of token burning?
A: Token burning reduces the supply of ADS tokens, increasing scarcity and potentially driving up their value. It helps maintain price stability and supports long-term price appreciation.