What is the issue price of WAXP? Introduction to WAXP issue price and issue quantity

WAXP, the WAX blockchain's native token, had an initial issue price of $0.04 in its May 2019 ICO and currently trades at approximately $0.10.

Oct 31, 2024 at 06:53 pm

What is the Issue Price of WAXP? An Overview of WAXP Issuance

1. Initial Issue Price:

The initial issue price of WAXP, the native token of the WAX blockchain, was $0.04 during its initial coin offering (ICO) in May 2019.

2. Issue Quantity:

WAXP's total supply is capped at 3.75 billion tokens. Of these, 1 billion WAXP were issued during the ICO, with the remaining tokens gradually released through various mechanisms, such as staking rewards, blockchain operations, and community initiatives.

3. Current Market Price (as of [insert current date and time]):

The current market price of WAXP is approximately $0.10.

4. Supply Allocation:

The original distribution of WAXP tokens was as follows:

ICO sale: 27%
Community reserves: 26%
WAX team and advisors: 20%
Staking rewards: 20%
Blockchain operations: 7%

5. Inflationary Model:

WAXP has a slightly inflationary model. New tokens are periodically minted as rewards for staking and blockchain operations. The inflation rate is currently around 2% per year.

6. Token Utility:

WAXP tokens serve as the financial backbone of the WAX blockchain. They are used for various purposes, including:

Transaction fees
Staking rewards
NFT purchases and trading
Community governance

Summary:

WAXP's initial issue price was $0.04 during its ICO. The total supply is capped at 3.75 billion tokens, with an initial issuance of 1 billion WAXP. The current market price fluctuates around $0.10. WAXP tokens are used for transaction fees, staking rewards, and various other functions within the WAX ecosystem.

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