How many total coins are there?
From La'Zooz white paper draft to be published tomorrow: Since the La'Zooz community intends to create a token that will be used for transportation needs on a daily basis, our final aim is to create a token with minimal change in price so users will be using the token instead of holding to it. To do this, we will implement at a later stage a stabilizing mechanism using one of several options already being under development.
Two options the La’Zooz community is exploring these days -
In short, the future protocol aims to create a situation that the zooz token has a stable price while early contributors (such as the token sale purchasers, and early developers) are rewarded by the fact that the amount of zooz tokens in their wallet increases.
Unlike other crypto tokens, the amount of Zooz tokens is not capped nor fixed and more tokens will be issued in later times upon demand of users, needing more tokens for their rides.
At this stage the details of the future protocol are still a work in progress. Furthermore, we believe that the future protocol will be ideal to use when the community will grow significantly and reach closer to the critical mass of users needed for the service to run.
At present time, as the community is still rather small, we use a transitional protocol which we believe is more suitable for this early stage in a way it is supporting the needs of development the community is facing at this stage.
More info about this protocol will be published tomorrow...