What is the total supply of Lyra Coin and its inflation rate?
Can you provide information about the total supply of Lyra Coin and its inflation rate? I am curious to know how many Lyra Coins are in circulation and how the inflation rate affects the value of the coin.
3 answers
- Anmol KannaujiyaApr 23, 2022 · 4 years agoLyra Coin has a total supply of 1 billion coins. The inflation rate is set at 2% per year, which means that the number of coins in circulation will increase by 2% annually. This inflation rate is designed to ensure a steady increase in the coin's supply while maintaining a balance with demand, thus preventing excessive inflation or deflation.
- Kurakula NagarajuJul 24, 2024 · 2 years agoThe total supply of Lyra Coin is 1 billion coins. As for the inflation rate, it is set at 2% per year. This means that the number of Lyra Coins in circulation will increase by 2% every year. The inflation rate is carefully controlled to maintain a stable and sustainable growth of the coin's supply, which helps to ensure a healthy ecosystem for Lyra Coin.
- Horton McKaySep 29, 2023 · 2 years agoLyra Coin has a total supply of 1 billion coins. The inflation rate is set at 2% per year. This means that the number of Lyra Coins in circulation will increase by 2% annually. The inflation rate is designed to encourage spending and investment in Lyra Coin, as the increase in supply helps to meet the growing demand for the coin. This steady increase in supply also helps to prevent sudden price fluctuations and ensures a more stable value for Lyra Coin.
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