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Homeweb3.0Will SuperVerse coins be issued unlimitedly?

Will SuperVerse coins be issued unlimitedly?

Oct 12, 2024 am 07:48 AM
Blockchainoriginal universecryptocurrencyEthereumdigital currencyEthereum blockchain

SuperVerse coins will not be issued indefinitely. It has a total supply of 1 billion coins, and controls such as a hard cap, regular destruction, and a staking mechanism are implemented to ensure its limited nature.

Will SuperVerse coins be issued unlimitedly?

Are there unlimited issuances of SuperVerse coins?

No. SuperVerse coins will not be issued indefinitely.

Detailed explanation:

SuperVerse Coin (SVS) is a digital currency based on the Ethereum blockchain. It has a limited supply, which means it cannot be created infinitely.

  • Total Supply: The total supply of SuperVerse coins is 1 billion.
  • Allocation: The tokens have been allocated as follows:

    • Private Sale: 40%
    • Public Sale: 25%
    • Team and Advisors: 15%
    • Ecosystem Development: 10%
    • Retention: 10%

Controls:

To ensure a limited supply of SuperVerse coins, the following controls have been implemented:

  • Hard Cap: 1 billion The total supply of coins is fixed and cannot be changed.
  • Periodic Burning: The SuperVerse team regularly burns some tokens to reduce the circulating supply.
  • Staking mechanism: By staking SVS, users can receive rewards while reducing the number of tokens in circulation.

Meaning:

Limited supply is critical to the value of SuperVerse coins:

  • Scarcity : Limited supply creates scarcity, which supports its value.
  • Inflation Protection: Preventing unlimited issuance prevents inflation, thus maintaining the purchasing power of SVS.
  • Investor Confidence: This conveys to investors the SuperVerse team’s commitment to maintaining the value of the token.

SuperVerse (SUPER) Current Price Increase

SuperVerse (SUPER) is currently trading at $1.12 with 24-hour trading volume of $265,966,370.02. The coin has gained 2.43% in the past 24 hours.

Reasons for price changes

The recent price increase is attributed to the following factors:

  • Improvement in market sentiment: Overall sentiment in the cryptocurrency market has improved, driving SUPER higher.
  • Increased demand for utility tokens: SUPER As the native token in the SuperVerse ecosystem, increased demand for the platform has driven its price.

Future Price Trend Analysis

SuperVerse has strong fundamentals and provides valuable utilities through its Metaverse project. Prices are expected to continue to rise in the future as the project continues to grow and gain user adoption.

Action Recommendations

  • For long-term investors, this is a good opportunity to buy on dips as the long-term outlook for the coin is optimistic.
  • Short-term traders can choose from sell-on-highs and buy-on-dip strategies.

Short-term trend forecast

In the short term, SUPER is expected to continue to fluctuate with the market trend. However, if market sentiment remains positive, prices are expected to touch higher levels in the near term.

Indicator

  • Price: $1.12
  • 24-hour trading volume: $265,966,370.02
  • Circulation volume: 487,976,093.41692 SUPER
  • Maximum supply: 1,000,000,000
  • Total supply: 487,976,093.41692
  • Circulation market value: $548,294,578.78

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