What is the issuance price and issuance volume of OCEAN coins?

The issuance price of OCEAN coins in 2017 at 0.11 USD per token provided early investors with a favorable entry point that facilitated potential substantial gains as its market value grew.

Nov 22, 2024 at 11:17 am

Understanding the Issuance Price and Issuance Volume of OCEAN Coins

Ocean Protocol, a decentralized data exchange platform, has its native cryptocurrency known as OCEAN coins. The issuance price and volume of OCEAN coins are crucial aspects to grasp for understanding the token economy and potential market dynamics.

Issuance Price of OCEAN Coins

The issuance price of OCEAN coins was determined through a public token sale held in 2017.
During the sale, OCEAN coins were offered at a price of 0.11 USD per token, with a minimum investment requirement of 100 USD.
This means that early investors had the opportunity to acquire OCEAN coins at a significantly lower price compared to subsequent market valuations.

Issuance Volume of OCEAN Coins

The total issuance volume of OCEAN coins is capped at 1,410,000,000 tokens.
Out of this, approximately 676 million OCEAN coins were issued during the initial token sale.
The remaining tokens are allocated for various purposes, including staking rewards, ecosystem development, and community incentives.

Implications of Issuance Price and Volume

The issuance price and volume of OCEAN coins have several implications for the token's valuation and market dynamics:

Market Cap: The market capitalization of OCEAN coins is directly influenced by the issuance price and volume. A higher issuance price and volume result in a larger market cap.
Token Valuation: The issuance price provides a baseline for subsequent token valuations. Early investors who purchased OCEAN coins at the issuance price have the potential for significant gains if the token appreciates in value.
Token Scarcity: The limited issuance volume of OCEAN coins creates a sense of scarcity, which can contribute to increased demand and potentially higher prices.
Ownership Distribution: The allocation of OCEAN coins among different stakeholders, including early investors, founders, and the community, affects the distribution of ownership and decision-making power.

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