What is the meaning of 'no cap' in the context of cryptocurrency?

3 answers

• Dec 26, 2021 · 3 years ago
  In the context of cryptocurrency, 'no cap' refers to a situation where there is no maximum supply limit for a particular token or coin. This means that the supply of the cryptocurrency is unlimited and can continue to increase indefinitely. It is often used to describe tokens or coins that have no hard cap on the number of units that can be created. This can have implications for the value and scarcity of the cryptocurrency.
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• Dec 26, 2021 · 3 years ago
  When people say 'no cap' in the cryptocurrency world, they mean that there is no limit to the number of coins that can be created. This is different from cryptocurrencies that have a fixed supply, where the number of coins is predetermined and cannot be changed. 'No cap' cryptocurrencies can continue to be minted or mined, which can affect their value and inflation rate.
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• Dec 26, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, explains that 'no cap' in the context of cryptocurrency means that there is no maximum supply limit for a particular token or coin. This can have implications for the token's value and scarcity. It is important to consider the supply dynamics when investing in 'no cap' cryptocurrencies, as the unlimited supply can impact the long-term sustainability and potential price volatility.
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