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COTI - Currency of the Internet COTI - Currency of the Internet
Sergei-Faehrlich

Hi, whats total supply?

#coti #cryptocurrency #english
0

8 ответов

17 просмотров
Prince-|| COTI

2B

0
19.10.2023
Sergei-Faehrlich Автор вопроса
Prince || COTI
2B

aha, so why are there 2,143,427,384 tokens on ETH chain?

0
19.10.2023
Stefan | COTI Unity Node (testnet)-Y
Sergei Faehrlich
aha, so why are there 2,143,427,384 tokens on ETH ...

Currently there is no burning mechanism for ERC20 COTI, instead ERC20 COTI are locked in a smart contract when they are converted to native COTI and are then not accessible anymore. Through this the total supply may appear to be more than 2 billion coins. However, the total supply is and will always be 2 billion coins, the locked away ERC20 COTI are not part of the total supply but will still show up on Ethereum. A burning mechanism for ERC20 COTI is being worked on. https://faq.coticommunity.com/coti-coin/erc20-coti

0
19.10.2023
Sergei-Faehrlich Автор вопроса
Stefan | COTI Unity Node (testnet) Y
Currently there is no burning mechanism for ERC20 ...

you don't need a "burning mechanism", you can just send it to the 0x000...000 or 0x000...dead address like everybody else.

0
19.10.2023
Prince-|| COTI
Sergei Faehrlich
aha, so why are there 2,143,427,384 tokens on ETH ...

Stefan has already shared some good info. That should be sufficient but if you need any official references here’s a medium article published by us- https://cotinetwork.medium.com/understanding-cotis-supply-ac25b0257f04

0
19.10.2023
Sergei-Faehrlich Автор вопроса
Stefan | COTI Unity Node (testnet) Y
Currently there is no burning mechanism for ERC20 ...

on which address are this "additional" COTI in the moment anyway?

0
19.10.2023
Yeu Sheng-Teo

Worth for the dev team to explore and make it to 2b precisely

0
20.10.2023

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