How Many Cardano (ADA) Are There in Circulation?347
Cardano (ADA) is a proof-of-stake blockchain platform that is designed to be a more energy-efficient and scalable alternative to proof-of-work blockchains like Bitcoin. ADA is the native cryptocurrency of the Cardano platform, and it is used to pay for transaction fees and to incentivize nodes to participate in the network.
The total supply of ADA is capped at 45 billion tokens. Of this total supply, 31.9 billion ADA have been minted and are currently in circulation. The remaining 13.1 billion ADA are held in reserve by the Cardano Foundation and Emurgo, a company that is responsible for developing the Cardano ecosystem.
The circulating supply of ADA will continue to increase over time as new blocks are added to the blockchain. However, the rate of issuance will gradually decrease as the network approaches its total supply limit. The final block in the Cardano blockchain is expected to be mined in the year 2140.
Here is a breakdown of the current distribution of ADA tokens:
31.9 billion ADA (71.1%) are in circulation
5.1 billion ADA (11.3%) are held by the Cardano Foundation
2.5 billion ADA (5.5%) are held by Emurgo
5.4 billion ADA (11.9%) are held by early investors and advisors
The majority of ADA tokens are held by long-term investors who believe in the long-term potential of the Cardano platform. The Cardano Foundation and Emurgo are also major holders of ADA, and they are committed to using their tokens to support the growth and development of the Cardano ecosystem.
The circulating supply of ADA is expected to continue to increase over time as the network grows and more people begin to use it. However, the rate of issuance will gradually decrease as the network approaches its total supply limit. This will help to ensure that ADA remains a scarce asset and that its value continues to grow over time.
2024-12-07
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