What is the issuance price of ZRX coins?

The ZRX token was first issued in an ICO in August 2017 at a price of $0.12 each, raising $24 million for the 0x decentralized exchange protocol.

Nov 22, 2024 at 06:12 am

ZRX Coin Issuance Price: A Comprehensive Overview

Introduction

ZRX is a utility token that powers the 0x decentralized exchange protocol. It is used to pay for transaction fees and to incentivize liquidity providers. The ZRX token was first issued in an initial coin offering (ICO) in August 2017. The ICO raised $24 million, and the ZRX tokens were sold at a price of $0.12 each.

Factors Affecting ZRX Issuance Price

The issuance price of the ZRX token was determined by a number of factors, including:

The demand for the token from investors
The supply of the token being sold
The overall state of the cryptocurrency market

ICO Details

The ZRX ICO was held on August 15, 2017, and it raised $24 million. The ICO sold a total of 500 million ZRX tokens, which represented 50% of the total supply of tokens. The remaining 50% of the tokens were allocated to the 0x team, early investors, and advisors.

Token Distribution

The ZRX tokens were distributed to ICO participants as follows:

50% of the tokens were sold to the public
25% of the tokens were allocated to the 0x team
15% of the tokens were allocated to early investors
10% of the tokens were allocated to advisors

Token Release Schedule

The ZRX tokens were released to ICO participants on a vesting schedule. The vesting schedule was as follows:

25% of the tokens were released immediately
25% of the tokens were released after 3 months
25% of the tokens were released after 6 months
25% of the tokens were released after 9 months

Current ZRX Price

As of January 1, 2023, the ZRX token is trading at $0.58. The token has a market capitalization of $58 million.

Conclusion

The ZRX token was first issued in an ICO in August 2017. The ICO sold a total of 500 million ZRX tokens, which represented 50% of the total supply of tokens. The ZRX tokens were sold at a price of $0.12 each. The token is currently trading at $0.58, and it has a market capitalization of $58 million.

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