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Is it circulating Supply or total supply that goes up

by 9.55% every year? How is the circulating supply is controlled every year?

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The yearly inflation ratio is variable between 7-20% and started from an initial 100M supply.

The total supply, since the inflation comes from the staking rewards. In regards to the circulation supply you can follow the unlock release schedule here; https://research.binance.com/en/projects/band-protocol

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