Understand the NEAR coin issuance price and total issuance in one article

NEAR was initially offered at $0.10 during its ICO in April 2020, with a maximum supply of 1 billion tokens and a current circulating supply of approximately 407.6 million.

Oct 19, 2024 at 09:05 pm

NEAR Coin Issuance Price and Total Issuance

1. Issuance Price

NEAR was initially offered at a price of $0.10 during its initial coin offering (ICO) in April 2020.

2. Total Issuance

The maximum supply of NEAR tokens is 1 billion tokens.
As of July 2023, there are approximately 407.6 million NEAR tokens in circulation.

3. Distribution of Tokens

63% of NEAR tokens were initially distributed to participants in the ICO.
20% of tokens were reserved for the NEAR Foundation.
10% of tokens were allocated to the community.
5% of tokens went to early contributors and advisors.
2% of tokens were allocated to the NEAR Protocol Treasury.

4. Token Use Cases

NEAR tokens are used to:
- Pay transaction fees on the NEAR blockchain.
- Stake and participate in the network's governance.
- Enable the creation of decentralized applications (dApps) on the NEAR platform.

5. Token Value Appreciation

Since its ICO in April 2020, the price of NEAR tokens has significantly appreciated.
As of July 2023, NEAR tokens trade at approximately $4.30.

6. Market Cap

NEAR's market capitalization is approximately $1.7 billion as of July 2023.

7. Circulating Supply

The circulating supply of NEAR tokens increases gradually as the NEAR Protocol distributes newly minted tokens to node operators and stakers.

Conclusion

NEAR coin has a limited issuance supply of 1 billion tokens, with around 407.6 million tokens currently in circulation. A significant portion of tokens were distributed during the ICO, while the remaining portions are allocated to various parties. NEAR tokens have experienced a notable increase in value since their initial issuance and are used for a variety of purposes within the NEAR ecosystem.

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