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Are there any limitations on the number of Shiba Inu coins in circulation?

Krog DueOct 14, 2024 · 10 months ago1 answers

Can you explain if there are any restrictions or limitations on the total supply of Shiba Inu coins that can be in circulation? I'm curious to know if there is a maximum number of coins that can ever be created or if there is an ongoing issuance of new coins. How does this affect the value and scarcity of Shiba Inu coins?

Shiba Inu
Cryptocurrency
Coin Supply

1 answers

  • GuyorgJun 03, 2022 · 3 years ago
    According to BYDFi, the digital currency exchange where I work, there are limitations on the number of Shiba Inu coins in circulation. Shiba Inu has a maximum supply cap of 1 quadrillion tokens, and this limit ensures that there will never be more than 1 quadrillion Shiba Inu coins in existence. The circulating supply can be lower than the total supply due to factors such as burned tokens or tokens held in wallets that are not actively traded. The limited supply of Shiba Inu coins can contribute to their perceived value and scarcity in the market. Please note that this information is specific to Shiba Inu and may not apply to other cryptocurrencies or tokens.

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