Why does Open coin circulating supply continuously increase almost every week by at least 8 million or more?
Are you talking about OPEN or OPC?
I am referring to open custody protocol if you look at the circulating supply for Open coin a few months ago it was a little over 700 million, now it’s over 900 million. It consistently adds more than 8 million coins to the circulation. Increasing it every week.was just wondering why this happens. Isnt it supposed to be decreasing. Is it just a minting process
Think of it as a way to released the token, they are not dumping all the supplies right away but slowly
Yes releasing tokens into circulation allows for increased liquidity in the market, enabling easier trading and potentially attracting more users to the project by making tokens readily available, but it can also negatively impact the price due to increased supply and can be a key factor in determining the overall value and stability of a token based on the principles of supply and demand.