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Will there be unlimited issuance of HashAI coins?
HashAI's capped supply of 10 billion coins, with a structured issuance schedule and coin burns, ensures the value of its HASH token.
Dec 15, 2024 at 02:52 pm
Will There Be Unlimited Issuance of HashAI Coins?
Introduction
HashAI is a decentralized artificial intelligence (AI) platform that utilizes blockchain technology to facilitate the development and deployment of AI applications. The HashAI platform uses its native token, HASH, to incentivize users to contribute to the network and to reward them for their contributions.
Answer: No, there will not be unlimited issuance of HashAI coins.
Tokenomics
The total supply of HashAI coins is capped at 10 billion. Of this total supply, 50% is allocated to the HashAI Foundation, 20% to the HashAI team, 15% to seed investors, 10% to strategic partners, and 5% to the public.
Issuance Schedule
The HashAI coins will be released according to the following schedule:
- 25% of the total supply will be released in the first year.
- 20% of the total supply will be released in the second year.
- 15% of the total supply will be released in the third year.
- 10% of the total supply will be released in the fourth year.
- 5% of the total supply will be released in the fifth year.
Coin Burn
To further reduce the supply of HashAI coins and to increase their value, the HashAI Foundation will conduct regular coin burns. The HashAI Foundation will use a portion of its revenue to purchase HashAI coins from the market and then burn them. This will reduce the total supply of HashAI coins and increase their scarcity.
Conclusion
The issuance of HashAI coins is not unlimited. The total supply of HashAI coins is capped at 10 billion, and the coins will be released according to a predetermined schedule. The HashAI Foundation will also conduct regular coin burns to reduce the supply of HashAI coins and increase their value.
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