MagicRing (MRING) Tokenomics
MagicRing (MRING) Information
Description: MagicRing is a community-driven MEMECOIN built on the Ethereum blockchain, aiming to blend entertainment with functionality in the cryptocurrency space. As an ERC-20 token, it leverages the secure and established Ethereum network to offer a decentralized digital asset that infuses the playful culture of internet memes with the serious potential for value transfer and growth.
Purpose: The primary purpose of MagicRing is to introduce a fun, relatable entry point into the world of cryptocurrencies, engaging a broader audience beyond traditional investors. It serves to create a bridge between popular culture and digital assets, making the blockchain technology behind it more accessible and understandable to the public.
Function: MagicRing functions as a medium of exchange within the ecosystem it supports, facilitating transactions, tipping, and micro-transactions across social media and other online platforms. Additionally, the token is designed to incentivize community participation through rewards and to serve as a vehicle for community-driven governance.
Utility: The utility of MagicRing tokens includes:
Transactions: Used for peer-to-peer transactions and as a payment method for goods and services within the ecosystem. Community Rewards: Holders can earn additional MagicRing tokens through various community engagements, contests, and contributions. Governance: Token holders have a say in the project's direction and decision-making process through a democratic voting system. Staking: Users can stake their MagicRing tokens to earn rewards, contributing to the stability and security of the network.
MagicRing (MRING) Tokenomics & Price Analysis
Explore key tokenomics and price data for MagicRing (MRING), including market cap, supply details, FDV, and price history. Understand the token's current value and market position at a glance.
MagicRing (MRING) Tokenomics: Key Metrics Explained and Use Cases
Understanding the tokenomics of MagicRing (MRING) is essential for analyzing its long-term value, sustainability, and potential.
Key Metrics and How They Are Calculated:
Total Supply:
The maximum number of MRING tokens that have been or will ever be created.
Circulating Supply:
The number of tokens currently available on the market and in public hands.
Max Supply:
The hard cap on how many MRING tokens can exist in total.
FDV (Fully Diluted Valuation):
Calculated as current price × max supply, giving a projection of total market cap if all tokens are in circulation.
Inflation Rate:
Reflects how fast new tokens are introduced, affecting scarcity and long-term price movement.
Why Do These Metrics Matter for Traders?
High circulating supply = greater liquidity.
Limited max supply + low inflation = potential for long-term price appreciation.
Transparent token distribution = better trust in the project and lower risk of centralized control.
High FDV with low current market cap = possible overvaluation signals.
Now that you understand MRING's tokenomics, explore MRING token's live price!
MRING Price Prediction
Want to know where MRING might be heading? Our MRING price prediction page combines market sentiment, historical trends, and technical indicators to provide a forward-looking view.
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Disclaimer
Tokenomics data on this page is from third-party sources. MEXC does not guarantee its accuracy. Please conduct thorough research before investing.