What is the issue price of AVAX coins? Introduction to the issue price and issue quantity of AVAX coins

The issue price of 0.50 USD for AVAX coins during their TGE determined the initial entry point for early investors and served as a benchmark for subsequent price movements.

Oct 08, 2024 at 08:54 am

1. Definition of Issue Price

The issue price refers to the initial price at which a cryptocurrency or token is offered to the public during its initial coin offering (ICO) or token generation event (TGE). It determines the entry point for early investors and serves as a benchmark for future price movements.

2. AVAX Coin Issue Price

The issue price of AVAX, the native cryptocurrency of the Avalanche blockchain, was set at $0.50 during its TGE on September 21, 2020.

3. AVAX Coin Issue Quantity

During its TGE, Avalanche offered a total of 723 million AVAX coins. Out of this, 40% (289.2 million AVAX) were made available for purchase by the public. The remaining 60% were allocated to the Avalanche Foundation, core team, and private investors.

4. Significance of Issue Price

The issue price plays a significant role in the cryptocurrency market:

Attracts Early Investors: A lower issue price makes the token more affordable and accessible to a broader range of investors.
Sets Price Benchmark: It establishes a reference point for determining the coin's potential value and future price movements.
Influences Initial Market Cap: The issue price, together with the issue quantity, determines the initial market capitalization of the cryptocurrency.
Market Speculation: The issue price can fuel speculation and buying frenzy among investors who anticipate a high return on investment.

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