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What is the issuance price of XDC coins?
During their initial coin offering in 2017, XDC coins were priced at $0.0011 USD.
Dec 02, 2024 at 04:26 pm
What is the Issuance Price of XDC Coins?
Disclaimer: This article provides factual information about the issuance price of XDC coins. It does not constitute financial advice or endorsement of any specific investment.
Introduction
XinFin Network, the blockchain platform behind XDC coins, launched its initial coin offering (ICO) in 2017. XDC coins are the native cryptocurrency of the XinFin Network and serve as a medium of exchange, gas fees for transactions, and staking rewards for network participants.
Issuance Price
The issuance price of XDC coins during the ICO was $0.0011 USD.
ICO Details
- Start date: October 16, 2017
- End date: November 10, 2017
- Token distribution: 10 billion XDC
- Tokens sold: 3.9 billion XDC (39%)
- Funds raised: $4.3 million USD
Sale Structure
The ICO was conducted in two stages:
- Pre-sale: October 16-23, 2017. Early adopters could purchase XDC coins at a discounted price of $0.0008 USD.
- Main sale: October 24 - November 10, 2017. The remaining tokens were sold at the issuance price of $0.0011 USD.
Post-ICO Price Performance
The price of XDC coins has fluctuated significantly since the ICO. It reached an all-time high of $0.082 USD in May 2021, but has since declined to around $0.02 USD as of May 2023.
Other Key Features of XDC Coins
In addition to being used for payments, gas fees, and staking, XDC coins have several other key features:
- Hybrid blockchain: XinFin Network combines the benefits of both public and private blockchains, offering a high level of security and scalability.
- Interoperability: XDC coins can be easily exchanged with other cryptocurrencies through decentralized exchanges (DEXs).
- Smart contracts: The XinFin Network supports the development and execution of smart contracts, enabling the creation of decentralized applications (dApps).
- Governance: XDC coin holders can participate in the governance of the XinFin Network by voting on proposals and electing validators.
- Low transaction fees: Transactions on the XinFin Network are typically processed within seconds and cost a fraction of a cent.
Conclusion
The issuance price of XDC coins was $0.0011 USD during the initial coin offering (ICO) in 2017. Since then, the price of XDC coins has fluctuated significantly, reaching an all-time high of $0.082 USD in May 2021. XDC coins offer several key features, including hybrid blockchain, interoperability, smart contracts, and low transaction fees.
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