Ergo

ERG Rank #774

$0.3069▼ 5.39%24h

Low $0.3037High $0.3314

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Market cap$25.61MRank #774

Fully diluted value$29.99M

Volume (24h)$128.1KVol / Mcap 0.50%

Circulating supply83.46MERG

Total supply97.74M

Max supply∞no hard cap

All-time high$18.72Sep 2, 2021

All-time low$0.0942Mar 12, 2020

What is Ergo?

Contracts and mining

Ergo uses an extended UTXO model. Transactions consume and create programmable boxes containing assets and contract conditions. ErgoScript defines those spending conditions. Sigma protocols support cryptographic proofs within contracts. The Autolykos mining algorithm secures block production.

Issuance and transaction economy

The maximum allocation is 97,739,925 ERG. Miner rewards account for most of the issuance. A foundation treasury allocation supported early development. The EIP-27 soft fork extended the emission schedule beyond its original endpoint. Mining emissions are now projected to continue until around 2045. ERG pays transaction fees. Storage rent also charges eligible long-unspent boxes. That rent recycles existing coin value into miner revenue rather than creating an additional supply allocation. Ergo applications can issue other tokens within the same UTXO framework.