Uncovering the Expansion of $DOGE: 5 billion new coins every year, why can everyone accept it?

Dogecoin, the issuance mechanism of this thing is really unique, and it can even be related to GPT!

Did you know? Dogecoin is issued every minute, 10,000 at a time, which means 5 billion new coins a year. According to the current price, this can increase the market value of Dogecoin by 200 million every year, an increase of about 3%. Although this increase is not large, everyone seems to be able to accept it. After all, Bitcoin is getting tighter and tighter, while Dogecoin is getting more and more inflated. Each has its own way of playing!

Some people are curious: Are these 5 billion new coins issued every day or all at once?

ChatGPT gave the answer: The issuance of Dogecoin is rewarded every day through the blockchain, not all at once. Every minute, a new block is generated on the blockchain, which contains 10,000 Dogecoins. In this way, 14.4 million new coins are added in one day, and 5.256 billion coins are added in one year. This mechanism is well designed, ensuring that 5 billion Dogecoins are added every year.

Let's talk about the current situation of Dogecoin:

In 2024, the market value of Dogecoin has reached

about 66 billion US dollars, and there are 147 billion Dogecoins in circulation.

The market value is the current price multiplied by the number of Dogecoins in circulation.

And this number of Dogecoins in circulation is increasing every year, because Dogecoin

has no upper limit, and 5 billion new coins are added every year.

Looking forward to the next ten years, the strategy of Dogecoin's issuance will remain unchanged, with 5 billion new coins every year. In this way, in ten years, it will be 50 billion new coins. By 2033, although the proportion of new Dogecoins in the total amount will become smaller and the inflation rate will decrease, the rewards for miners will still be sufficient, and the network will remain stable.

The expansion of Dogecoin is actually its design feature. Unlike Bitcoin, Dogecoin has no upper limit, and 5 billion new coins are added every year. In this way, miners can get rewards, the network can remain secure, and transactions can proceed smoothly without becoming scarce due to fixed supply.

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