What is the circulating supply?
July 3, 2021
|By 5gkCucjBj6WrSTbe
Following the airdrop distribution, we expect a supply of 8 to 9 million HYDRA. The supply can grow or shrink according to the requirements at the time. Block rewards cause an increase in supply, and transaction fee burns cause a decrease, countering the inflation. There will be a balance at some point, determined by multiple factors including the HYDRA price (which affects how many HYDRA are burnt via transaction fees) and votes by HYDRA holders performed via the staking wallet (including votes on the inflation rate (block reward) and transaction fee burn percentage).