How many ADA tokens will be mined?

3 answers

• Dec 25, 2021 · 3 years ago
  The total supply of ADA tokens is capped at 45 billion. However, not all of these tokens are currently in circulation. The initial distribution of ADA tokens was done through a public sale and subsequent token sales. The remaining tokens are being gradually released through the process of mining. As of now, approximately 31 billion ADA tokens have been minted through mining. It's important to note that the rate of token issuance decreases over time, which means that the remaining tokens will be mined at a slower pace.
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• Dec 25, 2021 · 3 years ago
  ADA tokens are mined through a process called proof-of-stake. Unlike proof-of-work, which requires miners to solve complex mathematical problems, proof-of-stake relies on validators who hold a certain amount of ADA tokens and are chosen to create new blocks in the blockchain. The number of ADA tokens that can be mined depends on the amount of ADA held by validators and the overall network participation. This ensures that the more ADA tokens a validator holds, the higher their chances of being selected to create new blocks and earn rewards.
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• Dec 25, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, the current number of ADA tokens that have been mined is approximately 31 billion. However, it's important to note that this number is constantly changing as new blocks are added to the Cardano blockchain. The total supply of ADA tokens is capped at 45 billion, and the remaining tokens will be gradually released through the mining process. The rate of token issuance decreases over time, which means that the remaining tokens will be mined at a slower pace.
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