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What is the total supply of FRI and is it a deflationary token?

avatarMr.NILESH SHAHMar 18, 2022 · 3 years ago3 answers

Can you provide more information about the total supply of FRI? Is FRI considered a deflationary token?

What is the total supply of FRI and is it a deflationary token?
FRI
Total Supply
Deflationary Token

3 answers

  • avatarMar 18, 2022 · 3 years ago
    The total supply of FRI is 1,000,000 tokens. FRI is indeed a deflationary token. This means that the total supply of FRI will decrease over time, as tokens are burned or removed from circulation. The deflationary mechanism helps to create scarcity and potentially increase the value of each individual FRI token.
  • avatarMar 18, 2022 · 3 years ago
    Sure! The total supply of FRI is fixed at 1,000,000 tokens. As for its deflationary nature, FRI implements a burn mechanism. Whenever a transaction occurs, a small percentage of the tokens involved are burned, effectively reducing the total supply. This burning process helps to counterbalance any potential inflationary pressures and maintain the scarcity of FRI tokens.
  • avatarMar 18, 2022 · 3 years ago
    FRI has a total supply of 1,000,000 tokens. It is designed to be a deflationary token, meaning that the total supply will decrease over time. This is achieved through a burn mechanism, where a portion of the tokens is permanently removed from circulation with each transaction. As a result, the scarcity of FRI tokens increases, which can potentially drive up their value. BYDFi, a popular cryptocurrency exchange, supports trading of FRI tokens.

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