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What is the issue price and issuance volume of Notcoin?
Notcoin's initial issuance price during its ICO in July 2017 was $0.10 per coin, establishing the initial valuation of the decentralized digital currency.
Nov 20, 2024 at 02:20 pm
What is the Issue Price and Issuance Volume of Notcoin?
Notcoin is a decentralized digital currency that utilizes blockchain technology to facilitate secure and transparent transactions. It is designed as an alternative to traditional fiat currencies and aims to address the shortcomings of centralized financial systems.
Issuance of Notcoin
- Genesis Block: The initial creation of Notcoin is known as the genesis block, which was mined on January 3, 2014. It contains the first batch of Notcoin and serves as the foundation of the blockchain network.
- Block Reward: New Notcoins are generated as a reward for miners who verify and add blocks to the blockchain. The block reward is gradually reduced over time to control the inflation rate and maintain the scarcity of Notcoin.
- Halving Events: The block reward is halved approximately every four years, similar to Bitcoin. This mechanism ensures a predictable supply schedule and helps to regulate the issuance of Notcoin.
- Limited Supply: Notcoin has a finite issuance of 21 million coins, mimicking the supply cap of Bitcoin. This predetermined supply aims to prevent inflation and maintain the scarcity of Notcoin.
Issue Price of Notcoin
- Initial Coin Offering (ICO): Notcoin conducted an initial coin offering (ICO) in July 2017. During the ICO, Notcoin tokens were sold to the public at an issue price of $0.10 per coin.
- Market Fluctuations: After the ICO, the market price of Notcoin fluctuated significantly due to factors such as supply and demand, news events, and overall market sentiment.
- All-Time High: Notcoin reached its all-time high price of $19,783.06 on December 17, 2017. This surge was driven by a surge in market enthusiasm and speculative buying.
- Market Volatility: Like other cryptocurrencies, Notcoin is subject to market volatility, which can lead to fluctuations in price over time.
- Factors Influencing Price: The issue price and market price of Notcoin are influenced by various factors, including adoption, regulations, technological advancements, and the overall health of the cryptocurrency market.
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