Home Altcoins News DASH Cryptocurrency Rewards Reduction 6M/400K = 15 Dash Per User

DASH Cryptocurrency Rewards Reduction 6M/400K = 15 Dash Per User

Dash Crypto

Mark Mason tweeted:  Keep in mind 4.7 million of DASH’s 10.1 million coin supply is in master nodes earning rewards. This means the ‘real’ available supply on exchanges is VERY limited! Think long-term, not short-term!

Twitter = 400K followers circulating supply – 10.8 Million Dash in Masternodes = 4.8 Million Real Available Supply = 6 million 6M/400K = 15 Dash. Dash is Mega Scarce. Plus you can stake and earn 6.61% If you don’t have even one Dash on your crypto portfolio worth thinking.

For clarity, “DASH Rewards Reduction is an event when the reward distribution to DASH master nodes is reduced. While Bitcoin reduces the coin emission rate by 50% every 4 years, Dash reduces the emission by one-fourteenth (approx. 7.14%) every 210240 blocks (approx. 383.25 days) as a means to create a smoother transition towards a fully fee-based decentralized financial network. After the reduction, the number of new DASH issued in each block is reduced from approximately 3.11 to 2.89 DASH.”

The reduction also impacts Miners and the DAO treasury as they are all splitting the block reward.  The block rewards for mining and running Masternodes are reduced. In other words, the rate of inflation of the coin supply (as it approaches its total supply) shrinks.  This is relevant because if you suppose demand remains the same, that means there will be less supply of coins being sold. This should (and often does) lead to an increased price.

Dash had its say about Elon Musk’s revelation.

Further Mark Mason expressed, “Not everyone is upset with Elon Musk, traders like Gregory Mannarino are very thankful for this crypto market pullback and view this as an amazing buying opportunity for BTC and Dash. Don’t let emotions control you. Cryptocurrency is about financial freedom, not celebrities.”

Previously he stated, whilst it’s true the crypto space suffers from tribalism and toxic maximalism, we can all agree that Central Bank fiat currencies are the real shit coins.  Blockchain helps the unbanked and the banked to take back control and become their own bank. This is why I support Dash.

The Dash Core Group Bug Bounty Program permits developers to discover and resolve bugs before the general public is aware of such bugs, preventing incidents of widespread abuse. Users who find a security vulnerability on any of the in-scope products like the Mainnet, Dash Core Desktop Wallet, and Dash Wallet iOS, can let them know by reporting it, and you might be eligible to earn bounties.


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James

James T, a passionate crypto journalist from South Africa, explores Litecoin, Dash, & Bitcoin intricacies. Loves sharing insights. Enjoy his work? Donate to support! Dash: XrD3ZdZAebm988BfHr1vqZZu6amSGuKR5F

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