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What is the issuance price and issuance volume of Tribe coins?
Tribe coins, the native token of the Tribe platform, were initially issued at $1.00 per token during its distribution event, with a total issuance volume of 1 billion tokens.
Nov 17, 2024 at 11:38 pm
What is the issuance price and issuance volume of Tribe coins?
Issuance Price of Tribe Coins
The issuance price of Tribe coins, the native token of the Tribe platform, was $1.00 per token during its initial distribution event (IDE) on October 13, 2020. The IDE allowed users to purchase Tribe coins using ETH, with a minimum purchase amount of 100 Tribe coins and a maximum purchase amount of 50,000 Tribe coins per user.
Issuance Volume of Tribe Coins
The total issuance volume of Tribe coins is 1 billion tokens, with the following distribution schedule:
- 250 million Tribe coins (25%): Distributed to IDE participants
- 250 million Tribe coins (25%): Reserved for future ecosystem development
- 250 million Tribe coins (25%): Allocated to the Tribe team
- 250 million Tribe coins (25%): Allocated to investors and advisors
Additional Information about Tribe Coins
Tribe coins are used for various purposes within the Tribe platform, including:
- Governance: Tribe coin holders can participate in the governance of the Tribe platform by voting on proposals and making decisions about the platform's future development.
- Rewards: Tribe coin holders can earn rewards for participating in the Tribe platform, such as by providing liquidity to the Tribe DEX or staking their Tribe coins.
- Fees: Tribe coins are used to pay transaction fees on the Tribe DEX.
Tribe coins are currently listed on several major cryptocurrency exchanges, including Uniswap, Sushiswap, and Binance. The price of Tribe coins has fluctuated significantly since its initial launch, but it has generally trended upwards over time.
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