Total Supply of SATS
The total supply of SATS is 2.1 quadrillion (2100 trillion) tokens. This figure is consistently confirmed across multiple sources:
- Symbolic Design: The supply mirrors Bitcoin’s maximum cap of 21 million coins, emphasizing its homage to Bitcoin’s scarcity model.
- Minting Process: All tokens were minted between March and September 2023, with the smallest minting unit set at 100 million SATS.
- Market Confirmation: Major exchanges like Binance and CoinMarketCap verify the total supply as 2.1 quadrillion, with all tokens fully issued.
Circulating Supply of SATS
100% of SATS tokens are in circulation—no tokens are locked or reserved. Key factors include:
- Fair Distribution: SATS were distributed via free minting (users only paid Bitcoin network gas fees), ensuring broad accessibility.
- On-Chain Activity: Over 44,000 unique wallets hold SATS, with more than 21.42 million transactions recorded, reflecting widespread adoption.
Clarifying Misleading Claims
Some sources inaccurately cite “210 billion” or “21 million” SATS. These errors likely stem from:
- Unit Confusion: Mistaking “trillion” for “billion” in translations or reports.
- Conceptual Mix-Ups: Confusing SATS (the token) with “Satoshi” (Bitcoin’s smallest unit, 1 SAT = 0.00000001 BTC).
Why Does the Supply Matter?
- Microtransaction Utility: The large supply allows SATS to serve tiny-value use cases (e.g., micropayments, NFT fragmentation) while maintaining low per-token prices (~$0.0000001 as of recent data).
- Volatility Risks: High supply amplifies price volatility. For example, SATS surged 150% after Binance listing in 2024, showcasing its speculative nature.
Final Takeaways
As a BRC-20 token on Bitcoin’s Ordinals protocol, SATS combines Bitcoin’s ethos with experimental tokenomics. Its fully circulating supply of 2.1 quadrillion tokens underscores its community-driven, decentralized nature. Investors should prioritize risk management due to its high volatility and speculative trends.
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