How Many Total Cardano (ADA) Coins Are in Circulation?351

Cardano (ADA) is a blockchain platform that aims to provide a secure and scalable foundation for decentralized applications and smart contracts. It was created by Charles Hoskinson, one of the co-founders of Ethereum. Cardano's native token, ADA, is used to pay for transaction fees on the network and as a reward for staking, which helps to secure the network. Cardano's total supply is fixed at 45 billion tokens, and the current circulating supply is approximately 34.28 billion ADA.

Cardano's Tokenomics

Cardano's tokenomics were designed to ensure the long-term sustainability of the network. The total supply of 45 billion ADA was divided into three parts: 32 billion (72%) for the community, 7.5 billion (17%) for the Cardano Foundation, and 5.5 billion (11%) for the early backers and team. The community's portion was further divided into two parts: 25 billion (56%) for the initial coin offering (ICO) and 7 billion (16%) for future ecosystem development.

The Cardano Foundation is a non-profit organization that is responsible for overseeing the development and adoption of Cardano. The Foundation's 7.5 billion ADA are used to fund research and development, marketing, and partnerships. The early backers and team's 5.5 billion ADA are subject to a four-year vesting period, which means that they cannot be sold or transferred until after the vesting period has ended.

Cardano's Circulating Supply

Cardano's circulating supply is the amount of ADA that is currently in circulation. This includes all of the ADA that has been issued and is not locked up in staking or vesting. The circulating supply of ADA is constantly increasing as new blocks are added to the blockchain and new ADA is issued as rewards for staking. However, the rate at which the circulating supply increases is gradually decreasing, as the number of staked ADA increases and the block reward is reduced.

As of June 2023, the circulating supply of ADA is approximately 34.28 billion. This represents approximately 76% of the total supply of 45 billion ADA. The remaining 20.72 billion ADA is either locked up in staking or vesting.

Conclusion

Cardano's total supply of 45 billion ADA is designed to ensure the long-term sustainability of the network. The circulating supply of ADA is constantly increasing, but the rate of increase is gradually decreasing. As of June 2023, the circulating supply of ADA is approximately 34.28 billion, which represents approximately 80% of the total supply.

2024-12-14

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