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PPC coin issuance price and total issuance volume in one article

Peercoin, one of the first cryptocurrencies to implement proof-of-stake, was initially issued at $0.06 with a capped issuance volume of 21 million coins.

Oct 09, 2024 at 10:23 pm

PPC Coin Issuance Price and Total Issuance Volume

Peercoin (PPC) was launched on August 19, 2012, as one of the earliest cryptocurrencies to implement a proof-of-stake (PoS) consensus mechanism. The initial issuance price of PPC was $0.06.

Total Issuance Volume

The total issuance volume of PPC is capped at 21 million coins, similar to Bitcoin. As of February 2023, approximately 14 million PPC have been mined. The remaining coins will be gradually released over time through block rewards.

Block Rewards

PoS block rewards provide an incentive for users to hold and stake their PPC. The block reward is currently 1 PPC and is halved approximately every 4 years. The halving schedule is as follows:

August 2012: 2 PPC
August 2016: 1 PPC
August 2020: 0.5 PPC
August 2024: 0.25 PPC
August 2028: 0.125 PPC
...

Conclusion

The issuance price and total issuance volume are crucial factors that influence the supply and demand of PPC. The capped supply and PoS consensus mechanism contribute to the long-term value and stability of the coin.

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