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What is the issuance price and issuance volume of Aragon coins?
The initial issuance price of ANT was $0.10 in May 2017, with 250 million tokens sold during the token sale, raising a total of $25 million.
Nov 16, 2024 at 01:26 pm
What is the Issuance Price and Issuance Volume of Aragon Coins?
Introduction
Aragon is a decentralized autonomous organization (DAO) platform that enables the creation and management of DAOs on the Ethereum blockchain. The platform's native token, ANT, plays a crucial role in the governance and operation of DAOs. In this article, we will explore the issuance price and issuance volume of ANT, providing detailed insights into these key aspects of the Aragon ecosystem.
Issuance Price of Aragon Coins
- The initial issuance price of ANT was $0.10 during the token sale held in May 2017.
- The token sale raised a total of $25 million, with 250 million ANT tokens sold.
- The price of ANT has fluctuated significantly since its initial issuance, reaching an all-time high of $11.27 in January 2018.
Issuance Volume of Aragon Coins
- The total supply of ANT is capped at 1 billion tokens.
- As of March 2023, the circulating supply of ANT is approximately 446 million tokens.
- The remaining 554 million ANT tokens are held in reserve by the Aragon Network Foundation, the organization responsible for the development and maintenance of the Aragon platform.
Distribution of Aragon Coins
- 60% of the ANT tokens were distributed to token sale participants.
- 20% were allocated to the Aragon Network Foundation for research and development.
- 10% were allocated to early contributors and advisors.
- 10% were set aside for future issuance and incentives.
Role of ANT in the Aragon Ecosystem
- ANT tokens are used for governance within DAOs, allowing holders to participate in voting and decision-making processes.
- ANT is also used to pay transaction fees on the Aragon platform.
- Additionally, ANT can be staked to earn rewards and influence the future development of the Aragon ecosystem.
Factors Affecting the Price of ANT
- The supply and demand dynamics of ANT influence its price.
- The overall cryptocurrency market sentiment can impact the price of ANT.
- The success and adoption of the Aragon platform can drive demand for ANT.
Conclusion
The issuance price and issuance volume of Aragon coins are important factors that shape the token economics of the ANT ecosystem. By understanding these aspects, stakeholders can gain valuable insights into the supply and demand dynamics of ANT and its role in the Aragon platform.
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