Will there be additional issuance of SSV coins?

SSV tokens will not be issued additionally. The network token economic model fixes a total supply of 100 million coins, which are fully minted and distributed to entities such as network operators, ecosystem foundations, and community incentives according to a specified schedule.

Will there be additional issuance of SSV tokens?

No, SSV tokens will not be issued additionally.

Details:

The SSV network’s token economic model is designed to ensure the scarcity and value of the SSV token. Specifically:

• Fixed total supply: The total supply of SSV tokens is 100 million and cannot be issued additionally.

• Issue schedule: All SSV tokens have been minted in the genesis block and distributed according to the scheduled issuance schedule:

  • 55% Allocated to network operators
  • 20% Allocation to Ecosystem Foundation
  • 15% Allocation to early backers and investors
  • 10% reserved for community incentives and development

Due to a fixed total supply and scheduled issuance schedule, SSV tokens are not at risk of inflation and therefore maintain their value and scarcity.

SSV Network (SSV) is having a great day on the digital currency market with its price being $29.05 as of 12:00 on July 5, 2024. The 24-hour trading volume reached $43.56 million, showing the market’s activity.

SSV is down a massive 21.35% in the last 24 hours, possibly due to market volatility or potential selling pressure. While the total supply of 10 million SSVs is sufficient, its current circulation is unknown.

SSV’s market capitalization is currently around $290 million, indicating that it has a significant presence in the digital currency ecosystem. As the native token of the decentralized validator network, SSV provides users with an opportunity to participate in Ethereum network verification and receive rewards, attracting the attention of investors interested in the ecosystem.

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