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

Perpetual Protocol's (PERP) initial coin offering (ICO) in December 2021 offered 700,000,000 PERP coins at a price of $0.50, impacting its subsequent market dynamics.

Oct 30, 2024 at 12:03 pm

What is the Issue Price of PERP Coins? Exploring the Initial Offering Details

1. Overview

Perpetual Protocol (PERP), a decentralized perpetual futures trading platform, launched its native token (PERP) through an initial coin offering (ICO) in December 2021. The ICO price of PERP coins, as well as the total quantity issued, played a significant role in its market dynamics.

2. Issue Price

The issue price of PERP coins was $0.50 during the ICO, held on December 8, 2021. This price was determined by the team behind Perpetual Protocol and was designed to attract early investors and facilitate the trading of PERP coins on secondary markets.

3. Issue Quantity

A total of 700,000,000 PERP coins were issued during the ICO, representing a portion of the total supply of 1.2 billion PERP tokens. The allocation of these coins was as follows:

Seed Round: 10% (70,000,000 PERP)
Private Sale Round: 20% (140,000,000 PERP)
Public Sale (ICO): 50% (350,000,000 PERP)
Team and Advisors: 10% (70,000,000 PERP)
Ecosystem Development: 10% (70,000,000 PERP)

4. Impact on Market Value

The issue price of PERP coins has significantly influenced its market value. The price of PERP fluctuated following its ICO, initially rising above its issue price before stabilizing at a lower level. Factors such as market demand, supply, and exchange listings have contributed to the price volatility of PERP coins.

5. Current Supply and Distribution

As of [insert latest date], the circulating supply of PERP coins is approximately 633,839,255 PERP, with a total supply of 1,200,000,000 PERP. The token is widely traded on various cryptocurrency exchanges, including OKX, Binance, Huobi, and FTX.

Conclusion

The issue price and quantity of PERP coins played a fundamental role in the initial distribution and market valuation of the token. The $0.50 issue price and 700,000,000 coins offered during the ICO set the stage for its subsequent trading activity. As PERP continues to evolve, its market value will continue to be shaped by various market forces and developments within the crypto ecosystem.

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