Clear DefinitionsTotal Supply
1 min read
Pronunciation
[toh-tl suh-plahy]
Analogy
Continuing the collectible card analogy: if the Max Supply is 10,000 cards, the 'Total Supply' is the number of cards printed to date, say 8,000. However, maybe 1,000 of those were accidentally destroyed in a fire (burned tokens) – so the Total Supply would be 7,000. This includes cards held by the manufacturer, locked in vaults, or already sold.
Definition
The total number of coins or tokens that have been created (mined or minted) so far, minus any tokens that have been verifiably destroyed (burned). This figure includes tokens that might be locked, reserved, or not yet available on the open market.
Key Points Intro
Total supply reflects the number of tokens currently in existence, excluding burned tokens.
Key Points
Represents the quantity of tokens that have been generated according to the protocol's issuance mechanism.
Excludes any tokens that have been permanently removed from circulation through token burns.
Includes tokens that are locked (e.g., in vesting contracts, team reserves) or otherwise not actively circulating in the market.
For coins with a max supply, Total Supply will eventually equal Max Supply (minus burns).
Example
If a token project minted 1 billion tokens at launch, locked 200 million for the team, and later burned 50 million tokens, its Total Supply would be 950 million (1 billion - 50 million).
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