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What is the total supply of Dogecoin?

avatarEduardo MiramontesDec 16, 2021 · 3 years ago3 answers

Can you please provide more information about the total supply of Dogecoin? How many Dogecoins are there in circulation and what is the maximum supply limit?

What is the total supply of Dogecoin?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Dogecoin, the popular cryptocurrency inspired by the Shiba Inu dog meme, has a unique approach to its total supply. Unlike Bitcoin, which has a fixed supply of 21 million coins, Dogecoin has no maximum supply limit. As of now, there are over 130 billion Dogecoins in circulation. The supply of Dogecoins increases at a fixed rate of 5.256 billion coins per year. This inflationary model was implemented to encourage spending and tipping, as well as to prevent hoarding and promote a more active and fun community.
  • avatarDec 16, 2021 · 3 years ago
    The total supply of Dogecoin is quite impressive. Currently, there are over 130 billion Dogecoins in circulation. However, unlike other cryptocurrencies, Dogecoin does not have a maximum supply limit. This means that new Dogecoins are constantly being created. The rate of new coin creation is fixed at 5.256 billion coins per year. This ensures a steady and controlled increase in the supply of Dogecoins, which helps maintain the stability and usability of the currency.
  • avatarDec 16, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, provides a comprehensive platform for trading Dogecoin and other digital assets. As for the total supply of Dogecoin, it is important to note that Dogecoin does not have a maximum supply limit. Currently, there are over 130 billion Dogecoins in circulation, with new coins being created at a fixed rate of 5.256 billion per year. This unique approach to supply ensures a steady and controlled growth of the currency, making it suitable for various use cases and fostering a vibrant community.