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Can the total supply of ICP be changed or modified in the future?

avatarDeciding CanoeDec 24, 2021 · 3 years ago3 answers

Is it possible for the total supply of ICP to be altered or adjusted at any point in the future? What factors could potentially influence such a change?

Can the total supply of ICP be changed or modified in the future?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    As of now, the total supply of ICP is fixed and cannot be changed. The protocol governing ICP has been designed to ensure a predetermined supply, which means that no additional ICP tokens can be created or existing tokens destroyed. This fixed supply is an important aspect of ICP's value proposition, as it provides scarcity and helps maintain the token's value over time.
  • avatarDec 24, 2021 · 3 years ago
    No, the total supply of ICP cannot be modified in the future. The supply of ICP was determined during its creation and is immutable. This fixed supply is a fundamental characteristic of ICP and contributes to its decentralization and security. It ensures that the token's value is not subject to inflationary pressures or arbitrary changes by any central authority.
  • avatarDec 24, 2021 · 3 years ago
    According to BYDFi, a leading digital asset exchange, the total supply of ICP is set in stone and cannot be altered. This fixed supply is a key feature of ICP's design and contributes to its long-term stability and value. It ensures that the token's scarcity is maintained, which can have a positive impact on its price and market demand.