Ink (INK): Uses, Supply and Risks

INK is the symbol for a crypto token called Ink. The available token record lists it as issued on BNB Chain, but does not identify a project, official website, or specific product that the token belongs to. That matters because “Ink” is also used for other crypto projects. In particular, public descriptions of Ink, Kraken’s Ethereum layer-2 network, do not by themselves establish that this BNB Chain token is connected to that network. Treat the name and ticker as identifiers, not proof of affiliation. Before interacting with an INK token, check its contract address against a reliable, official project source and confirm the chain. Without that confirmation, it is difficult to distinguish this asset from unrelated tokens with the same name.

No confirmed use for this particular INK token is specified. It is therefore not possible to say that it grants governance rights, pays network fees, provides staking rewards, or represents a claim on a project. Those functions should not be assumed from the ticker or from descriptions of other Ink-branded projects. The token is listed as issued on BNB Chain, but that alone does not show that it is a native asset of a blockchain or that it is required to use a dApp. If you encounter a claim about INK’s purpose, look for documentation that names the same token and chain, and verify the contract address. Until there is clear confirmation, the most accurate description is a BNB Chain token with an unverified project relationship and use case.

As of 2026-11-05, the reported circulating supply is about 178.3 million INK, out of a total supply of about 510.4 million. The stated maximum supply is 1.2 billion. These figures describe different measures: circulating supply is the amount reported as available in the market, total supply includes tokens that may not be circulating, and maximum supply is the stated upper limit. They can change, and the token’s documentation should be checked for how supply is managed or released. The reported price was about $0.0019, with a market capitalization of roughly $338,000 on that date. These are time-sensitive snapshots, not measures of future value. Thin trading can make quoted prices less reliable and can make it harder to buy or sell at an expected price.

The token is listed on BNB Chain, so any wallet used to hold or transfer it must support that network and the correct INK contract. Sending tokens to an address on the wrong network, or interacting with a look-alike contract, can result in permanent loss. Confirm the contract through an official source before adding the token to a wallet, and make a small test transfer only if you have independently verified the address and understand the fees. Keep recovery phrases and private keys offline and never share them with a site, support agent, or person claiming to help. The token’s identity and utility are not clearly established here, and low trading activity may add liquidity and price-manipulation risks. Crypto assets can lose some or all of their value.