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

Initially issued at $0.50 per coin during a 2020 crowd sale, the DOT coin has a capped total issuance of 1,000,000,000 coins, with around 95% currently in circulation.

Sep 30, 2024 at 04:42 pm

Understanding DOT Coin Issuance Price and Total Issuance

1. DOT Coin Issuance Price

  • The DOT coin, which is the native cryptocurrency of the Polkadot blockchain, was initially issued through a crowd sale in October 2020.
  • The issuance price of DOT was $0.50 per coin.

2. Total DOT Coin Issuance

  • The total issuance of DOT is capped at 1,000,000,000 coins.
  • As of today, approximately 951,456,504 DOT coins are in circulation.

Additional Details:

  • The DOT issuance model includes a pre-sale round and a public auction round.
  • 50% of the total DOT supply was allocated to the pre-sale, which was held from July 2019 to September 2019.
  • 50% of the total DOT supply was allocated to the public auction round, which took place in October 2020.
  • The remaining DOT supply is reserved for future ecosystem development and staking rewards.

Summary:

  • DOT coins were initially issued at $0.50 per coin during its crowd sale in October 2020.
  • The total capped issuance of DOT is 1,000,000,000 coins, with approximately 951,456,504 coins in circulation as of today.
  • The issuance model included a pre-sale round and a public auction round, with 50% of the supply allocated to each.

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