What is the issuance quantity of SuperVerse coins?
- Jennifer AnistonOriginal
- 2024-10-12 08:27:01769browse
The initial issuance of SuperVerse Coin (SVS) is 100,000,000, and a deflation mechanism is adopted to reduce the issuance by repurchasing and destroying tokens. As of March 2023, the circulating supply of SVS is approximately 65,000,000.
Issuance of SuperVerse Coin
The initial issuance of SuperVerse Coin (SVS) is 100,000,000. The following is a more detailed description of its issuance amount:
Initial issuance allocation
- Private placement: 30%
- Public placement: 20%
- Team and Advisors: 15%
- Ecosystem Fund: 10%
- Liquidity Pool: 10%
- Marketing and Operations: 5%
- Reserve Fund: 10%
Subsequent issuance plan
SVS adopts a deflationary mechanism, that is, its issuance will decrease over time. . Specifically, 50% of transaction fees will be used to buy back and burn SVS tokens. This is expected to reduce the number of tokens in circulation over time.
Current circulating supply
As of March 2023, the circulating supply of SVS is approximately 65,000,000 pieces. This number is expected to continue to decrease given the ongoing token burning program.
SuperVerse (SUPER) Price Update
SuperVerse (SUPER) is currently trading at $1.12 with a 24-hour trading volume of $26.59 million.
Recent Price Changes
The price of SUPER increased by 2.43% in the last 24 hours. This increase can be attributed to several reasons:
- Overall recovery in the cryptocurrency market
- Positive sentiment towards SuperVerse project fundamentals
- Major upcoming release Update
Future Price Trend Analysis
Technical analysis suggests that the price of SUPER may continue to rise. The RSI indicator is in bullish territory and the Bollinger Bands are expanding, indicating the possibility of an upward breakout.
Recommendation
For investors who want to invest in SUPER, it is recommended to take a cautious approach and conduct research first. Consider the volatility of the cryptocurrency market and only invest money you are willing to lose.
Short Term Forecast
In the short term, the price of SUPER is expected to remain in an upward trend and may break the $1.15 resistance level.
Key Indicators
- Current Price: $1.12
- 24 Hour Trading Volume: $26.59M
- Circulation Volume : 487,976,093.41692 SUPER
- Total supply: 1 billion SUPER
- Circulation market value: US$548 million
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