What is the significance of the 135m in the context of digital currencies?
Myrick FengerMay 05, 2022 · 3 years ago3 answers
In the context of digital currencies, what does the number 135m signify and why is it important?
3 answers
- May 05, 2022 · 3 years agoThe number 135m in the context of digital currencies refers to the total supply of a specific cryptocurrency. It represents the maximum number of coins or tokens that will ever be created for that particular digital currency. This number is significant because it directly impacts the scarcity and value of the cryptocurrency. With a limited supply of 135 million coins, the digital currency becomes more scarce, which can potentially drive up its value. Investors and traders often consider the total supply of a cryptocurrency when making investment decisions.
- May 05, 2022 · 3 years agoWhen we talk about the significance of the number 135m in the context of digital currencies, we are referring to the maximum supply of a specific cryptocurrency. This number plays a crucial role in determining the inflation rate and the potential for price appreciation. With a limited supply of 135 million coins, the digital currency is less likely to experience significant inflation, which can be a positive factor for investors. Additionally, a lower supply can create a sense of scarcity and exclusivity, which can drive up demand and potentially increase the value of the cryptocurrency.
- May 05, 2022 · 3 years agoThe significance of the number 135m in the context of digital currencies is that it represents the maximum supply of a specific cryptocurrency. This number is often predetermined and programmed into the cryptocurrency's protocol. It serves as a safeguard against excessive inflation and ensures that the supply remains limited. By limiting the supply to 135 million coins, the creators of the digital currency aim to create scarcity, which can potentially drive up the value of the cryptocurrency. This concept is similar to how limited edition items or rare collectibles can fetch higher prices due to their scarcity.
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