What is the total supply of PolyDoge tokens and is it a deflationary or inflationary cryptocurrency?

3 answers

• Ishan GogoiFeb 10, 2024 · a year ago
  PolyDoge tokens have a total supply of 1 quadrillion. This means that there are 1,000,000,000,000,000 tokens in circulation. As for whether it is deflationary or inflationary, PolyDoge is designed to be deflationary. This means that the token supply decreases over time, which can potentially lead to an increase in value. The supply mechanism works through a burn mechanism, where a portion of each transaction is burned, reducing the total supply.
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• isnthzyJan 06, 2023 · 3 years ago
  The total supply of PolyDoge tokens is 1 quadrillion. It is considered a deflationary cryptocurrency. The supply mechanism is designed to reduce the token supply over time, which can create scarcity and potentially drive up the value of the tokens. This is achieved through a burn mechanism, where a portion of each transaction is burned, effectively removing tokens from circulation.
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• Limited EditionOct 22, 2021 · 4 years ago
  PolyDoge tokens have a total supply of 1 quadrillion. It is indeed a deflationary cryptocurrency. The supply mechanism is designed to decrease the token supply over time, which can contribute to an increase in value. This is accomplished through a burn mechanism, where a percentage of each transaction is burned, reducing the overall supply. It's important to note that deflationary cryptocurrencies like PolyDoge can be subject to price volatility due to the limited supply and potential increase in demand.
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