🚨🚨 Very important for new and beginners, save the post, it is necessary 🚨🚨
As a new trader and investor in #digital_currencies, you must know the difference between:
• Circulating supply
• Total supply
• Max Supply
Let's start
1️⃣ Circulating Supply:
It is what gives value to the currency, meaning the currencies offered for trading and that we can buy and sell
2️⃣ Total supply:
Means the total currencies currently available
Some of them are not offered for trading, some of them have been burned, and some of them are locked in contracts or in wallets whose owners have lost their keys
3️⃣ Max Supply:
Means the maximum possible number of currencies that can be printed or minted in the future, and the currency cannot exceed this number
⚠️ There are many currencies that do not have a Max Supply, and an infinite number of them can be printed and minted
Some project teams do not work Max Supply of the currency so that in the future more can be printed for network validators and other things
The most prominent known currencies without Max Supply:
$ETH
$BNB
$FIL
$NEAR
Sorry if I took too long 😅❤️