568m circulation supply out of 1.41b supply. Any update on

Question

Ocean Protocol 🌊

Venkatasambashivarao

568m circulation supply out of 1.41b supply. Any update on

unlocking of remaining supply?

#cryptocurrency #english #ocean

0

15.03.2024

4 ответов

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awesomeQA

The maximum total supply of Ocean Protocol is 1.41 billion, with a significant portion allocated towards community rewards through mechanisms like DF Farming. This allocation and usage explain the current circulating supply. Additionally, Ocean Protocol employs a buy-and-burn mechanism, using ecosystem revenue to buy back and burn OCEAN tokens, potentially reducing the total supply over time. For more details on Ocean Protocol's tokenomics, you may find this article insightful: https://blog.oceanprotocol.com/control-over-the-ocean-contract-to-be-revoked-soon-overview-6c5b15be2db [2]. Generated using AwesomeQA AI. Please rate this answer.

0

8 месяцев назад

Danil | Never DM first Kovtoniuk

Currently, we have a buy-and-burn mechanism in Ocean Protocol works by using a portion of the revenue generated within the ecosystem to buy back OCEAN tokens from the market and then permanently remove them from circulation by burning them. This process is designed to reduce the supply of OCEAN tokens over time, potentially increasing their value.

0

8 месяцев назад

KreigDK | Never DM first🌊

All OCEAN tokens have been minted, with more than 540 million OCEAN in circulation. The remaining tokens are set to emit over decades, mostly for Ocean Data Farming. There is no specific update on the unlocking of the remaining supply beyond this. I also recommend reading an article about Ocean Tokenomics. https://blog.oceanprotocol.com/control-over-the-ocean-contract-to-be-revoked-soon-overview-6c5b15be2db

0

8 месяцев назад

KreigDK | Never DM first🌊 · Accepted Answer

KreigDK | Never DM first🌊

Hello!

0

8 месяцев назад

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568m circulation supply out of 1.41b supply. Any update on

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