In-Depth Deconstruction of Dogecoin (DOGE) Total Supply Mechanism and Token Distribution
As a benchmark asset in the MEME sector of the cryptocurrency market, Dogecoin (DOGE) has long occupied mainstream attention due to its strong social attributes and unique token economic design. Its unlimited supply model and highly concentrated holding structure not only constitute its core differentiating features but also conceal the underlying logic of market volatility. This article will provide a professional analysis from three dimensions: total supply mechanism, distribution characteristics, and market impact, in conjunction with the latest on-chain data.
1. Total Supply Mechanism: Liquidity Balance Under Unlimited Inflation
1. Core Design of Unlimited Supply
In stark contrast to Bitcoin's deflationary model with a fixed total supply of 21 million coins, Dogecoin adopts a perpetual issuance model with unlimited supply, lacking a theoretical cap on issuance. This design is rooted in its positioning as a 'currency for everyday use' rather than a store of value, aiming to ensure network liquidity through the continuous addition of tokens, thereby avoiding the issue of excessively high thresholds for payment scenarios due to scarcity.