Will there be unlimited issuance of MANTRA (OM) coins?

No, MANTRA (OM) coins will not be issued indefinitely. Its supply is capped at 10 billion, and the supply of tokens released every month is strictly controlled, ensuring controllable supply through issuance caps, regular releases, and destruction mechanisms.

Will there be unlimited issuance of MANTRA (OM) coins?

Answer: No

The supply of MANTRA (OM) coins is capped at 10 billion coins. Currently, there are more than 5.24 billion OM in circulation. This means that MANTRA coins will not be issued indefinitely.

Issuance Mechanism

• The initial issuance of OM coins is 100 million.
• 30% of this is for private sales, 20% for team and advisors, 10% for marketing and ecosystem, and 40% for community.
• Release 1.25% of the token supply every month for 80 months until the supply cap is reached.

Uses

OM coins have the following uses in the MANTRA ecosystem:

• Staking to get rewards
• Pay transaction fees
• Participate in governance
• Exchange for other assets

Supply control

In order to prevent unlimited issuance, The MANTRA team has implemented a series of measures:

• Issuance limit: Limit the supply of OM coins to 10 billion.
• Regular Release: Release the token supply in stages to avoid market shocks.
• Destruction mechanism: Use part of the transaction fee to destroy OM coins to reduce the circulating supply.

Through these measures, the MANTRA team ensures that the supply of OM coins is controllable and will not be issued indefinitely.

MANTRA (OM) Current Price Trend

As of 12 Oct 2024, 15:00, the latest price of MANTRA (OM) is $1.5190448093123 USD. The 24-hour trading volume is $23420110.920215, a gain of 5.47%.

Price Moving Factors

MANTRA’s recent price increase may be attributed to the following factors:

• Positive Market Sentiment: Bullish sentiment emerged across the cryptocurrency market, boosting coins including MANTRA.
• Sound Fundamentals: The project’s strong development roadmap and mature business model attracted investors.

Future Price Trend Analysis

Given current market conditions and fundamentals, MANTRA’s price trend is likely to continue to trend upward. However, it is important to note that cryptocurrency markets are inherently volatile and may undergo unexpected changes.

Recommendations

Investors should carefully evaluate their risk tolerance and investment objectives when considering adding MANTRA to their portfolio. Due to the volatility of cryptocurrencies, it is recommended to invest cautiously and stop losses promptly when necessary.

Short-Term Trend Forecast

In the short term, the price of MANTRA is expected to remain around current levels, with the potential for further gains.

Indicators

• Current Price: 1.5190448093123 USD
• 24 Hour Volume: 23420110.920215 USD
• Price Change: Up 5.47%
• Circulation volume: 849473305.73226 MANTRA
• Circulation market value: 1290388015.722 US dollars

The above is the detailed content of Will there be unlimited issuance of MANTRA (OM) coins?. For more information, please follow other related articles on the PHP Chinese website!