The issuance price and total issuance of HNT coins are understood in one article

At its initial coin offering in 2019, Helium's HNT coin had an issuance price of $1.00 and a total supply of 500 million coins, which was halved to 250 million in 2023 via a halving event.

Oct 30, 2024 at 02:17 pm

Understanding HNT Coin: Issuance Price and Total Supply

1. Initial Coin Offering (ICO)

Helium launched its HNT coin through an ICO on August 14, 2019.

2. Issuance Price

The HNT coin was offered at an initial price of $1.00 during the ICO.

3. Total Supply

At the time of the ICO, the total supply of HNT coins was set at 500 million. This value has since been reduced due to a halving event, as explained in the next section.

4. Halving Event

The halving event for HNT coins occurred on August 12, 2023, reducing the block reward from 2 HNT to 1 HNT. This effectively cut the total supply in half, resulting in a total of 250 million HNT coins in circulation.

5. Current Value

The HNT coin value is subject to market fluctuations. As of January 4, 2024, the HNT coin trades at around $5.20.

6. Market Performance

Since its ICO, the HNT coin has seen both gains and losses in value. In 2021, the coin reached an all-time high of $55.57. However, the market downturn in 2022 caused a significant drop in HNT's value.

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