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What is the issuance and circulation of ANKR coins?

ANKR coin holders can stake their coins to earn rewards, contributing to the decentralized network's security and stability.

Oct 07, 2024 at 03:47 pm

Issuance and Circulation of ANKR Coins

1. Initial Coin Offering (ICO)

Date: October 15, 2018 - November 13, 2018
Raised funds: $19.1 million
Number of coins sold: 50,000,000 ANKR

2. Token Distribution

Distribution structure:
- 50% to token sale
- 15% to development team
- 15% to advisors and partners
- 10% to community rewards
- 5% to marketing and operations
- 5% to ecosystem operations

3. Circulating Supply

Initial circulating supply: 50,000,000 ANKR
Current circulating supply: Approximately 6,000,000,000 ANKR (as of August 2023)

4. Total Supply

Maximum supply: 10,000,000,000 ANKR

5. Coin Burn

ANKR implements a coin burn mechanism to reduce its supply.
A portion of transaction fees is burned to decrease the total supply.

6. Uses of ANKR Coins

Node operation: Node operators stake ANKR coins to earn rewards.
Rewards for node usage: ANKR coins are used to pay node operators for providing computing resources.
Governance: ANKR coin holders can participate in network governance through voting and proposal submission.
Staking rewards: Coin holders can stake their ANKR to earn rewards.
Payment for services: Nodes accept ANKR coins as payment for computing services.

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