What is the issue price of RACA coin? Introduction to the issue price and issue quantity of RACA coin

The initial supply of the RACA coin was 100 trillion coins, with 55% allocated to the public sale and significant portions dedicated to ecosystem development and team allocation.

Oct 26, 2024 at 03:55 am

Understanding the Initial Price and Supply of RACA Coin

The RACA coin, the native token of the Radio Caca ecosystem, has a significant role in the functioning of its decentralized platforms. Its distribution and initial value play a crucial role in determining its availability and value dynamics within the ecosystem.

1. Initial Issue Price:

The initial issue price of the RACA coin was approximately $0.000025 per coin. This price was determined during its initial coin offering (ICO) in January 2022. Following the ICO, RACA tokens could be purchased on public exchanges like OKX, MEXC, and Hoo at a similar price range.

2. Initial Supply:

The initial supply of the RACA coin was 100 trillion coins. This large supply aimed to ensure sufficient liquidity and availability of the token for a wide range of participants. Out of the total supply, a significant portion was allocated to various purposes, including:

Ecosystem Development Fund: 20%
Team Allocation: 15%
Community Rewards: 10%
Public Sale: 55%

3. Current Market Price and Supply:

As of February 2023, the market price of RACA coin fluctuates between $0.000006 and $0.000008. The circulating supply has gradually increased due to the release of tokens from the different allocations.

4. Factors Influencing RACA Coin Price:

The price of RACA coin is influenced by several factors, including:

Demand and Supply: The scarcity of RACA coins, combined with its increasing adoption, influences its price.
Market Sentiment: Positive or negative industry news and developments can impact the entire cryptocurrency market, including RACA coin.
Utility and Ecosystem Development: The ongoing development and adoption of the Radio Caca ecosystem contribute to the value of RACA coin.

5. Conclusion:

The initial issue price and supply of RACA coin played a key role in its introduction to the market. However, its current price and supply dynamics are influenced by a complex interplay of market forces, ecosystem development, and overall market sentiment. Understanding these factors is crucial for investors who wish to make informed decisions about the acquisition or trading of RACA coin.

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