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What is the issuance price and issuance volume of XDC coins?
The initial issuance price of XDC coins was $0.005 during its ICO in 2020, with a total issuance volume capped at 34 billion tokens.
Nov 15, 2024 at 10:18 am
What is the issuance price and issuance volume of XDC coins?
Issuance Price of XDC Coins:
The initial issuance price of XDC coins was set at $0.005 during its initial coin offering (ICO) in October 2020. This price was determined based on the project's market valuation and the number of tokens issued during the ICO. The ICO raised a total of $5 million, with over 1 billion XDC coins issued and sold to early investors.
Issuance Volume of XDC Coins:
The total issuance volume of XDC coins is capped at 34 billion tokens. This fixed supply mechanism is designed to maintain the scarcity and value of the coin over time. Out of the total supply, 21 billion XDC coins were distributed to the public through the ICO, while the remaining 13 billion coins are held by the project team for development, ecosystem growth, and operational expenses.
Factors Influencing Issuance Price and Volume:
- Project Valuation: The issuance price is often influenced by the perceived value of the project and its future potential. In the case of XinFin Network, the project's strong team, innovative technology, and strategic partnerships contributed to a positive market sentiment, which reflected in the initial issuance price.
- Token Distribution: The distribution of tokens during the ICO can impact the issuance price. A large portion of tokens allocated to the project team or early investors can result in a higher issuance price to ensure a fair distribution of ownership.
- Market Demand: The issuance volume is typically determined based on the expected market demand and the project's growth trajectory. A lower issuance volume can create scarcity and drive up the price, while a higher issuance volume can provide more liquidity and accessibility to the tokens.
- Regulatory Landscape: Regulations governing digital asset issuance can also influence the issuance price and volume. Compliance with regulations ensures legal clarity and legitimacy, which can enhance investor confidence and increase the value of the coins.
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