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What is the total circulation of MVL (MVL) coins?
As of January 1, 2023, the total circulation of MVL coins is approximately 357,949,140, representing 76% of the maximum supply.
Dec 15, 2024 at 02:56 pm
What is the Total Circulation of MVL (MVL) Coins?
Understanding MVL (MVL) Coins
MVL (MVL) coins are the native cryptocurrency of the Measurable.ai ecosystem, a decentralized platform that combines artificial intelligence and blockchain technology to enhance business intelligence and decision-making processes. These coins are utilized for a range of purposes within the ecosystem, including:
- Purchasing Data and Insights: Businesses can use MVL tokens to purchase data sets, market insights, and predictive analytics from Measurable.ai's marketplace.
- Rewarding Data Contributors: Individuals and businesses providing valuable data to the Measurable.ai platform are rewarded in MVL tokens.
- Staking for Enhanced Benefits: MVL coins can be staked within the Measurable.ai ecosystem to earn rewards, participate in governance, and access exclusive features.
Total Circulation of MVL (MVL) Coins
The total circulation of MVL (MVL) coins is a crucial metric that indicates the number of coins currently in circulation. This metric is essential for understanding the supply and demand dynamics of MVL coins and assessing their potential value.
As of January 1, 2023, the total circulation of MVL (MVL) coins is approximately 357,949,140. This circulating supply represents approximately 76% of the total maximum supply of 470,000,000 MVL coins.
Factors Affecting Total Circulation
The total circulation of MVL (MVL) coins is influenced by various factors, including:
- Initial Issuance: The initial issuance of MVL coins during the project's launch determines the starting point of the total supply.
- Coin Burns: The Measurable.ai platform may periodically conduct coin burns to reduce the total supply of MVL coins, thereby increasing their scarcity and potential value.
- New Coin Issuance: To facilitate ongoing development, Measurable.ai may issue new MVL coins into circulation, increasing the total supply.
Significance of Total Circulation
The total circulation of MVL (MVL) coins holds several implications:
- Market Capitalization: The total circulation, combined with the current market price, determines the market capitalization of MVL coins, a measure of the project's overall valuation.
- Scarcity and Value: A limited total circulation can enhance the scarcity of MVL coins, potentially driving up their value, provided there is sufficient demand.
- Liquidity: A high circulating supply contributes to greater liquidity, making it easier for individuals and businesses to buy and sell MVL coins.
Conclusion
The total circulation of MVL (MVL) coins is a dynamic metric that reflects the supply and demand dynamics of this cryptocurrency. Understanding the total supply and the factors that affect it is crucial for informed decision-making regarding investments and utilization of MVL coins within the Measurable.ai ecosystem.
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