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Will there be unlimited issuance of Autonolas (OLAS) coins?

OLAS coins will be issued gradually over 10 years, with a limited total supply of 1 billion coins designed for sustainable value and network participation.

Dec 14, 2024 at 11:58 pm

Will There Be Unlimited Issuance of Autonolas (OLAS) Coins?

Autonolas (OLAS) is a cryptocurrency that powers the Autonolas platform. The platform aims to create a decentralized ecosystem for the automotive industry. OLAS can be used to pay for goods and services within the ecosystem, as well as to stake and earn rewards.

The issuance of OLAS is limited to 1 billion coins. The circulating supply of OLAS is approximately 500 million coins, or 50% of the total supply. The remaining 500 million coins will be released gradually over time through a process known as staking.

Staking is the process of holding OLAS in a cryptocurrency wallet for a period of time. Stakers earn rewards for helping to secure the Autonolas network and validate transactions. The staking rewards are paid out in OLAS coins.

The issuance of OLAS coins will be completed within 10 years. The initial circulating supply of 500 million coins will be increased by 50 million coins each year for the first five years. After five years, the issuance rate will be reduced to 25 million coins per year.

The issuance of OLAS coins is designed to be sustainable. The limited supply of coins will help to maintain the value of OLAS. The staking rewards will also help to incentivize people to hold OLAS coins and participate in the network.

Summary

The issuance of Autonolas (OLAS) coins is limited to 1 billion coins. The circulating supply of OLAS is currently 50% of the total supply. The remaining coins will be released gradually through staking over a period of 10 years. The issuance of OLAS coins is designed to be sustainable, with a limited supply and staking rewards to incentivize participation in the network.

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