Does cosmos have a fixed total supply?

Question

Cosmos Network ~ $ATOM

Mic

Does cosmos have a fixed total supply?

#atom #blockchain #cryptocurrency #english

0

15.11.2021

20 ответов

8 просмотров

Mic Автор вопроса

Zoltan
Hi,Atom is inflationary token. Inflation is impo...

is there any burning of Cosmos via transaction or anything else?

0

15.11.2021

Zoltan

Mic
is there any burning of Cosmos via transaction or ...

Token burn doesn’t exist yet, however, ATOM is a heavily weighted governance functionality token, it is very possible to change parameters on the hub through governance proposals, but even small changes will be heavily scrutinized and debated by the voting community

0

15.11.2021

Mic Автор вопроса

Zoltan
Token burn doesn’t exist yet, however, ATOM is a h...

got it. lots of things can change. What is the recommended wallet for cosmos?

0

15.11.2021

Zoltan

Mic
got it. lots of things can change. What is the rec...

The most recommended wallets are Keplr and Cosmostation.(Mobile/Web) If you think of using Cosmos dexs,then better use Keplr wallet. Keplr is Cosmos Metamask. Links are at the pinned message.

0

15.11.2021

Mic Автор вопроса

Zoltan
The most recommended wallets are Keplr and Cosmost...

sorry for noob question, but were these wallets built by cosmos or 3rd party?

0

15.11.2021

Zoltan

You should check validators list here; Cosmoscan.net and have Atom more than last validator to be one. Here is the FAQ ; https://hub.cosmos.network/main/validators/validator-faq.html

0

15.11.2021

Mic Автор вопроса

Zoltan
You should check validators list here; Cosmoscan...

ty

0

15.11.2021

Zoltan

Mic
ty

You are welcome.

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15.11.2021

Sherzod

Zoltan
You should check validators list here; Cosmoscan...

9 700 000 ATOMs?

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15.11.2021

Zoltan

Sherzod
9 700 000 ATOMs?

No around 10k

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15.11.2021

Mic Автор вопроса

Zoltan
No around 10k

10k ATOM will be around $320,000 to be a validator.

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15.11.2021

Zoltan

Mic
10k ATOM will be around $320,000 to be a validator...

Yes

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15.11.2021

Mic Автор вопроса

Zoltan
Yes

ty ty. appreciate the answers.

0

15.11.2021

Zoltan

Mic
ty ty. appreciate the answers.

No problem. Happy to help. If you are new to Cosmos, please check the pinned message! Ready articles and join Cosmos community groups

0

15.11.2021

Mic Автор вопроса

Zoltan
No problem. Happy to help. If you are new to Cosmo...

for sure!

0

15.11.2021

Cøzmo クラン | Evmos

Hey I can add new liquidity on emeris?

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15.11.2021

Zoltan

Cøzmo クラン | Evmos
Hey I can add new liquidity on emeris?

Yes, you can add it.

0

15.11.2021

Zoltan

You can add liquidity to pools which are existed on Gravitydex already.

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15.11.2021

Cøzmo クラン | Evmos

Zoltan
You can add liquidity to pools which are existed o...

OK thanks

0

15.11.2021

Zoltan · Accepted Answer

Hi,Atom is inflationary token. Inflation is important to give incentive to staking: by implementing inflation, new tokens are created and distributed to the network participants who participate by securing the network and voting on new governance. Keep in mind, inflation is very useful in the early stages of a network’s growth, and as alternative incentives to staking arise, inflation can be slowly phased down after the network is healthy and robust. For now, ATOM employs the following model: The inflation has a floor of 7% and a ceiling of 20%. The target percentage of total supply coins staked is 66%. The network uses an algorithm to maintain this level. When the staked percentage of total supply is above 66%, the inflation heads down to the floor of 7%. When the staked rate is below 66%, the inflation starts heading up towards the ceiling, 20%. As mentioned above, some inflation is always necessary in order to create an additional, non-transaction reward for validators and to maintain strong security. With the Proof of Stake model, there can be potential consensus instability issues if the entire reward for validators is based on transaction rewards and not the overall block reward. Because of this, Proof of Stake (and Cosmos in this specific case) is generally not designed to have a maximum supply, which necessitates inflation eventually going to zero once that supply is reached.

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