How often does ZIL coin production decrease?

Zilliqa (ZIL) cuts production every four years to reduce supply, increase value and ensure long-term stability. The first reduction will take place in April 2024, followed every four years, with timing subject to adjustment based on network conditions. The production cuts are intended to control supply and could boost prices in the short term and support them in the longer term.

How often does Zilliqa coin production decrease?

Zilliqa (ZIL) cuts production every four years. This means that the total supply of ZIL issued will be cut in half every four years.

Details of production cuts:

• First production reduction: April 2024
• Second production reduction: April 2028
• Third production reduction: April 2032
• And so on: Production is reduced every four years

Purpose of production reduction:

Production reduction is intended to:

• Limit the supply of ZIL, thereby increasing its value.
• Reward miners and investors who hold ZIL for a long time.
• Ensure ZIL’s long-term stability and sustainability.

Impact of production cuts:

Production cuts may have the following effects on the price of ZIL:

• In the short term: Production cuts may cause ZIL prices to increase due to reduced supply.
• Long-term: Production cuts are likely to support ZIL prices for some time as it limits supply and increases scarcity.

Note:

• Zilliqa’s production reduction schedule may be adjusted based on network conditions and community votes.
• The actual production reduction date of ZIL may change slightly due to network upgrades and hard forks.
• The impact of production cuts on ZIL prices is difficult to predict as it is affected by multiple factors such as market demand, economic conditions and competitor developments.

ZIL latest information:

• Price: 0.018026037059918 USD
• 24 hour trading volume: 13,314,290.112679 USD
• Change: +2.79527746%
• Circulation volume: 186312 87030.776
• Maximum supply: 21000000000
• Total supply: 18631287030.776
• Circulation market value: 335848270.49075 US dollars

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