Dogecoin DOGE issuance mechanism, I and GPT

Dogecoin increases by 10,000 coins per minute, with an annual increase of 5 billion coins. At the current price, this year’s inflation of Dogecoin is 200 million USD, with an inflation rate of around 3% per year, which is endless and has no upper limit, but is acceptable. Bitcoin's deflation is good, and Dogecoin's inflation is good.

You said:

Is the annual issuance of 5 billion coins issued daily or concentrated?

ChatGPT says:

ChatGPT

The issuance of Dogecoin is gradually carried out through blockchain rewards every day, rather than being a one-time event.

Specifically, the block time of the Dogecoin network is approximately 1 minute, 10,000 DOGE.

10,000 × 1,440 (daily block count) = 14,400,000 DOGE

About every year

14,400,000 × 365 = 5,256,000,000 DOGE

This reward mechanism maintains the design of Dogecoin adding approximately 5 billion coins each year, thereby sustaining it.





Currently, the market value and total quantity of Dogecoin ChatGPT says: ChatGPT

In 2024, the market value of Dogecoin is approximately 66 billion USD, with a circulation of 14.7 billion according to CoinGecko and CoinLore.

The market value of Dogecoin is calculated by multiplying the current price by the circulation. Its circulation increases every year because Dogecoin has no supply limit, issuing a fixed 5 billion coins each year. This ensures a long-term mechanism.

4o



ChatGPT says: ChatGPT

Dogecoin will issue a fixed 5 billion coins each year over the next 10 years (2024 to 2033), totaling 50 billion coins. Due to Dogecoin's supply

2024: Result 50 ÷ 1480 ≈ 3.38% 2033: Total approximately 198 50 ÷ 1980 ≈ 2.53%

This design allows the inflation rate to gradually decrease while maintaining sufficient miner rewards to keep the network running.




What is the inflation of Dogecoin? ChatGPT says: ChatGPT

The inflation of Dogecoin is a feature of its design. Unlike Bitcoin, Dogecoin has no upper limit, with a fixed amount of Dogecoin issued each year. Currently, its annual issuance is 5 billion coins.

The purpose of this mechanism is to ensure that miners continuously receive rewards, thus maintaining network security and transaction processing, while avoiding scarcity issues caused by fixed supply.


I bought 10% of my position in Dogecoin at 0.1, added to my position at 0.3, and added again at 0.4.

Dogecoin can rise to 5 USD

TO THE MOON