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

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

3 answers
- 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.
Mar 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.
Mar 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.
Mar 18, 2022 · 3 years ago
Related Tags
Hot Questions
- 82
How can I buy Bitcoin with a credit card?
- 66
How does cryptocurrency affect my tax return?
- 65
What is the future of blockchain technology?
- 31
What are the best digital currencies to invest in right now?
- 28
What are the best practices for reporting cryptocurrency on my taxes?
- 26
How can I minimize my tax liability when dealing with cryptocurrencies?
- 25
How can I protect my digital assets from hackers?
- 14
What are the advantages of using cryptocurrency for online transactions?