Cryptocurrencies

Text

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.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

SHIBTC

$2.7932

76.47%

Trade Now
FAI

$0.0480

41.94%

Trade Now
AI16Z

$2.1224

30.61%

Trade Now
XLM

$0.4280

29.09%

Trade Now
DGB

$0.0128

20.67%

Trade Now
BASEDAI

$4.1889

19.16%

Trade Now

Latest Crypto News

These 3 Tokens Could Deliver Explosive Returns This Month
2025-01-01 14:45:01
Chainlink (LINK) Price, Toncoin's Price Target, and BlockDAG's Enticing Bonus Are Capturing Market Interest
2025-01-01 14:45:01
The Best Altcoins to Buy This Month: Qubetics (TICS), Solana (SOL), and Helium (HNT)
2025-01-01 14:35:01
Tether Expands Its Bitcoin Reserves With a $705 Million Purchase, Signaling Growing Institutional Confidence in the Asset
2025-01-01 14:45:01
BTFD Coin: The Next-Generation Meme Coin Powerhouse
2025-01-01 14:35:01
Top 5 Meme Coins to Invest in This Month: BTFD Coin Leads the Pack
2025-01-01 14:45:01

Related knowledge

What Is The Difference Between Fungible And Non-Fungible Tokens?

Nov 26,2024 at 01:04pm

Fungible vs. Non-Fungible Tokens: A Comprehensive GuideIn the realm of blockchain technology, the concept of tokens lies at the core of many applications. Tokens represent digital assets that can be used to facilitate transactions, store value, or represent ownership. However, there exists a fundamental distinction between two types of tokens: fungible ...

What is a Public Key Infrastructure?

Nov 23,2024 at 12:30am

What is a Public Key Infrastructure?IntroductionA Public Key Infrastructure (PKI) is a framework that enables secure communication over a network by managing digital certificates and public-key cryptography. PKI plays a crucial role in various blockchain applications, ensuring data integrity, authentication, and non-repudiation.Components of a PKIA PKI ...

What is MEV (Miner Extractable Value)?

Nov 22,2024 at 06:22pm

What is Miner Extractable Value (MEV)?Introduction:Miner Extractable Value (MEV) is a term used to describe the profit that miners can make by manipulating the order of transactions in a block. This manipulation is possible because miners have the ability to choose the order in which transactions are included in a block, and they can use this power to f...

What is a Genesis Block?

Nov 24,2024 at 09:10pm

Decoding the Genesis Block: The Birth of BlockchainIntroductionThe Genesis block stands as the inaugural chapter in the blockchain saga, igniting the spark that revolutionized the world of finance and technology. This foundational block holds immense significance, embodying the inception of immutable ledgers, decentralized networks, and the transformati...

What Is an NFT Game?

Nov 26,2024 at 07:05am

What Is an NFT Game?Non-fungible tokens (NFTs) have taken the digital world by storm, empowering creators, collectors, and enthusiasts alike to own and trade unique digital assets. The integration of NFTs into the gaming industry has given rise to a captivating new realm known as NFT games, where players can not only enjoy immersive experiences but also...

What Is an NFT Marketplace?

Nov 22,2024 at 07:43pm

What Is an NFT Marketplace?An NFT marketplace is a platform that facilitates the buying, selling, and trading of non-fungible tokens (NFTs). NFTs are unique digital assets that represent ownership of a specific item, such as a piece of art, music, video, or other collectible. NFT marketplaces allow users to create, list, and purchase NFTs, with transact...