Cryptocurrencies

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What is the total supply of Electroneum (ETN) coins?

Electroneum's mobile-based platform aims to democratize cryptocurrency by making it accessible to everyone through a user-friendly wallet.

Jan 03, 2025 at 12:23 am

Key Points of the Article:

Step 1: Introduction to Electroneum (ETN)
- Electroneum is a mobile-based cryptocurrency that aims to make cryptocurrency accessible to everyone.
- It was launched in 2017 and has a user-friendly mobile wallet that allows users to buy, sell, and exchange ETN easily.
Step 2: Understanding the Total Supply of Electroneum (ETN)
- The total supply of ETN is approximately 21 billion coins.
- Of this amount, around 17 billion coins are currently in circulation, with the remaining coins being held in reserve.
Step 3: Factors Affecting the Total Supply
- The total supply of ETN is controlled by the project's development team.
- They can adjust the supply through events such as coin burns or token unlocks.
Step 4: Distribution of Electroneum's Total Supply
- The distribution of ETN's total supply is as follows:
  - 70% for public mining
  - 20% for the development team
  - 10% for community airdrops
- Public mining allows users to earn ETN by providing computing power to the network.
Step 5: Staking and Its Impact on the Total Supply
- Electroneum supports staking, which allows users to earn rewards by holding ETN in their wallets.
- Staking temporarily reduces the circulating supply, as staked coins are not available for trading.
Step 6: Importance of the Total Supply for Market Value
- The total supply of a cryptocurrency influences its market capitalization and price.
- A larger total supply can lead to a lower price per coin, while a smaller total supply can result in a higher price per coin.

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