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What is the issue price of XRP coins? Introduction to the issue price and issue quantity of XRP coins
Unlike typical cryptocurrencies, the XRP coin did not have an issue price since it was pre-mined by Ripple Labs and not sold through an ICO.
Oct 06, 2024 at 11:35 pm
What is the Issue Price of XRP Coins?
1. Definition of XRP Coin Issue Price
The issue price of a cryptocurrency refers to the initial price set when it is first offered for sale to the public. It represents the value at which investors first acquired the coin.
2. XRP Coin Issue Price
The XRP coin, also known as Ripple, was not sold through a traditional initial coin offering (ICO). Instead, it was pre-mined by Ripple Labs, the company behind XRP. As such, it did not have an issue price in the traditional sense.
3. Issue Quantity of XRP Coins
Ripple Labs created 100 billion XRP coins as the initial supply. Of these, 55 billion coins were distributed to various market participants, including banks, financial institutions, and investors. The remaining 45 billion coins are held in escrow by Ripple Labs and are released gradually over time.
4. Market Value vs. Issue Price
It is important to note that the issue price of a cryptocurrency is distinct from its current market value. The market value is determined by supply and demand in the cryptocurrency market and can fluctuate significantly over time.
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！
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