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Title: Electroneum 21 billion coin supply won't matter and here's why Post by: Opo2k on November 01, 2017, 03:27:38 PM I see a lot of posts saying ETN can never go up or can never do this or that.
Look at the Coin market cap dot com website and check some other alt coins and you will see many with unlimited or infinite coin supply that are worth way more than even $10. Some cryptos have finite supply, meaning their supply is capped to certain fixed number. Whereas, some cryptos have infinite supply, meaning there is no hard cap set for that particular coin. Circulating supply: Circulating supply is the amount of coin available at the present time and circulating in the market. Total supply: Total supply is the amount of coin that is already in existence. However, not all of the coins may be circulating at the present time. Generally total supply is equal to or greater than the circulating supply. Maximum supply: Maximum supply is the amount of coin that will ever exist for that particular cryptocurrency. For example, Bitcoins max supply is 21 million BTC. Don’t be confused with total supply and max supply. They are different. If a cryptocurrency has only the circulating supply, and does not have total supply or max supply, that means that cryptocurrency has no max supply limit. If the cryptocurrency has circulating supply and total supply but does not have max supply, that still means no maximum cap on that coin. No hard cap on coins and they have a infinite supply on EOS, ETH, Monero, etc. Keeping all this in mind don't let the negative posts about ETN get you down. Also get everyone you know to download the app and or get the PC miner download too. This will take off especially if we can get people using the platform. |