How much is the issuance of DGB coins?
Jul 10, 2024 pm 12:23 PMThe total circulation of DGB coins (DigiByte) is 21 billion, distributed as follows: 50% mining rewards, 30% reserved for the foundation, and 20% pre-mined. Its issuance follows a timetable: 20 billion coins will be mined in advance in 2014, 1 billion coins will be mined every year from 2014 to 2022, and it will decrease by 50% every year after 2023. The issuance limit is expected to be reached in 2035.
DGB coin issuance
DGB coin, DigiByte, is an open source blockchain cryptocurrency. Its circulation is 21 billion.
Issuance distribution
DGB coin issuance distribution is as follows:
- 50%: distributed to miners as mining rewards.
- 30%: Reserved to the DigiByte Foundation for development and promotion.
- 20%: Pre-mined for seed investors and team members.
Issue schedule
The issuance of DGB coins follows the following schedule:
- January 2014: 20 billion pre-mined coins are issued.
- January 2014 to December 2022: 1 billion coins will be mined every year as miner rewards.
- After January 2023: Mining rewards will be reduced by 50% every year until reaching the upper limit of 21 billion. The issuance limit is expected to be reached in 2035.
Issuance Cap
The issuance of DGB coins is limited to 21 billion to prevent inflation and maintain its scarcity.
In an era of increasing popularity of cryptocurrencies, DigiByte (DGB) is a digital asset that cannot be ignored. As of noon on July 9, 2024, the price of DGB has increased to $0.0070597082176905. In the past 24 hours, its trading volume has reached an impressive $7,549,555.7886804, a rise of 2.2373738%.
DigiByte has a circulating supply of 171,181,668,886.58 DGB, while its maximum supply has been determined to be 21 billion DGB. Its total supply is also quite impressive at 171,181,668,886.58 DGB. These statistics reflect DigiByte’s solid position in the cryptocurrency market.
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