How many Chia coins are there in total?

The total issuance of Chia coins is 21 million, similar to Bitcoin, and is designed to maintain scarcity and value. The issuance plan includes a genesis block, farming rewards, and a reserved pool. Farming rewards are halved every 3 years, similar to Bitcoin. The limited issuance supply is designed to control inflation, encourage long-term holding, and create scarcity like gold.

Total Chia Coin Issuance

Total Supply: 21 Million

Chia Coin (XCH) has a total issuance of 21 million, similar to Bitcoin’s limited supply. This restriction is intended to maintain scarcity and value on the Chiacoin network.

Issuance schedule:

The total issuance of Chia coins will be distributed as follows:

• Genesis Block: 21,000,000 XCH
• Agricultural Rewards (Block Rewards): 125 XCH / block, one block is generated every 12 minutes
• Reserved Pool (Pool): 200,000 XCH for early development and incentives

The farming reward system will be halved over time, every 3 years Happens once. This is similar to Bitcoin’s halving mechanism.

Design Purpose:

The limited issuance supply of Chia coins is designed to:

• Control inflation and preserve value
• Encourage long-term holding as it is a scarce asset
• Create a digital currency Scarcity, similar to precious metals such as gold

Comparison with Bitcoin:

The total circulation of Chia coins (21 million) is slightly more than the total circulation of Bitcoin (21 million). This difference is because Chia blocks are produced at a faster rate (every 12 minutes), while Bitcoin blocks are produced at about every 10 minutes.

In the global cryptocurrency market at 14:00 on July 8, 2024, the price of Chia (XCH) was $18.395066561937, attracting the attention of many investors. Chia’s market activity is demonstrated by a whopping $8163009.7911398 trading volume in the past 24 hours.

Surprisingly, while the overall cryptocurrency market is facing volatility, Chia’s price is bucking the trend. Its value has increased by -1.69802057% in the past 24 hours. This upward trend gives investors confidence in Chia's future growth.

Chia has a circulating supply of 10659867, while its total supply is unknown, indicating that its supply is limited. Currently, its circulating market value is $196088963.0064, occupying an important position in the cryptocurrency market.

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