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Will there be unlimited issuance of Tensor (TNSR) coins?
The issuance of Tensor (TNSR) coins is capped at 10 billion, ensuring scarcity and maintaining the value of the token.
Jan 01, 2025 at 07:03 am
Key Points
- Tensor (TNSR) is a native token of the Tensorchain decentralized network.
- The maximum supply of TNSR coins is capped at 10 billion.
- There will be no additional issuance of TNSR coins beyond the maximum supply.
Will There Be Unlimited Issuance of Tensor (TNSR) Coins?
No, there will not be unlimited issuance of Tensor (TNSR) coins. The issuance of TNSR coins is strictly governed by the following rules:
- Fixed Maximum Supply: The total supply of TNSR coins is fixed at 10 billion. This means that no more than 10 billion TNSR coins will ever be created.
- Initial Coin Distribution: The initial distribution of TNSR coins occurred during the Tensorchain ICO. A total of 50% of the total supply was sold to public participants.
- Reserved Tokens: The remaining 50% of the total supply is reserved for future ecosystem development, incentives, and community initiatives.
- No Further Issuance: Once the initial token distribution is complete, there will be no further issuance of TNSR coins. The maximum supply will be permanently locked, ensuring that the value of TNSR coins is preserved.
Benefits of Finite Issuance
The finite issuance of TNSR coins provides several benefits:
- Scarcity and Value: The limited supply of TNSR coins creates scarcity, which helps to maintain and increase the value of the token.
- Inflation Resistance: The fixed maximum supply prevents inflation, ensuring that the purchasing power of TNSR coins remains stable over time.
- Trust and Confidence: A finite issuance policy instills confidence in users, knowing that the value of their TNSR coins is protected from potential dilution.
FAQs
- What is the total supply of TNSR coins? - The total supply of TNSR coins is 10 billion.
- How will the remaining 50% of TNSR coins be distributed? - The remaining 50% of TNSR coins will be reserved for future ecosystem development, incentives, and community initiatives. The details of the distribution will be announced at a later date.
- What is the purpose of the Tensorchain network? - The Tensorchain network is a decentralized blockchain platform designed to provide high-performance computing solutions for enterprise applications.
- Is the value of TNSR coins guaranteed? - The value of TNSR coins is not guaranteed and can fluctuate like other cryptocurrencies. However, the finite issuance policy provides a solid foundation for value appreciation.
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