What is the total circulation of EOS coins?
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- 2024-05-08 12:25:43953browse
The total issuance of EOS coins is 1 billion, of which 900 million were allocated in the 2017-2018 token sale and the remaining 100 million are reserved for rewards, development, and ecosystem growth.
Total circulation of EOS coins
1 billion
Detailed explanation:
EOS is a blockchain-based smart contract platform powered by EOSIO software. EOS coins are the native tokens of the platform and have the following functions:
- Payment fees:EOS coins are required to be paid as transaction fees when executing smart contracts and storing data.
- Governance: EOS currency holders can participate in the platform’s governance and decision-making process by voting.
- Staking: EOS coins can be staked to obtain certain privileges, such as voting rights on EOSIO software.
The total circulation of EOS coins is 1 billion. A one-year token sale was held between 2017 and 2018, and 90% of it, or 900 million EOS coins, was allocated. The remaining 10%, or 100 million coins, are set aside for rewards, development, and ecosystem growth.
Currently, the circulating supply of EOS coins is approximately 90% of 1 billion, or 900 million coins.
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