Understand the issuance price and total issuance of CRV coins in one article

The initial issuance price of CRV tokens was set at $1.31 during their launch in August 2020, with a total issuance limit of 3,030,283,424 tokens.

Oct 28, 2024 at 05:46 pm

Understanding the Issuance Price and Total Issuance of CRV Coins

1. What is Curve (CRV)?

Curve is a decentralized exchange (DEX) platform that specializes in stablecoin trading. It leverages an automated market maker (AMM) model to facilitate efficient and low-slippage trading of stablecoins.

2. Issuance Price of CRV Coin

The initial issuance price of CRV tokens was $1.31 during its launch in August 2020.

3. Total Issuance of CRV Coin

The total supply of CRV tokens is limited to 3,030,283,424. However, the circulating supply may vary over time due to burning and buyback mechanisms.

4. Token Allocation

The CRV tokens were distributed as follows:

Community (veCRV Holders): 62%
Early Contributors: 25%
Liquidity Providers: 5%
Team: 3%
Investors: 3%
Strategic Reserve: 2%

5. Tokenomics

CRV tokens play a significant role in the Curve ecosystem and offer the following benefits:

Governance: CRV holders can participate in the governance of the Curve protocol by voting on proposals.
Yield Farming: CRV tokens can be staked for rewards in the "Voting Escrow" (veCRV) program, which earns rewards in CRV and trading fees.
Liquidity Incentivization: CRV tokens are used to incentivize liquidity providers on Curve by offering reduced trading fees.
Value Capture: CRV holders benefit from the revenue generated by the Curve protocol through trading fees.

Conclusion

The issuance price of CRV coins was initially set at $1.31 in August 2020. The total issuance of CRV is capped at 3,030,283,424. The tokenomics of CRV involve governance, yield farming, liquidity incentivization, and value capture, ensuring the stability and growth of the Curve ecosystem.

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！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

MUBARAK

$0.1164

50.76%

Trade Now
BNX

$1.7658

41.50%

Trade Now
CAKE

$2.5771

41.06%

Trade Now
MERL

$0.1346

25.17%

Trade Now
CARV

$0.3693

23.02%

Trade Now
CHEEMS

$0.0...01179

18.56%

Trade Now

Latest Crypto News

Why Is Coinbase a Good Business?
2025-03-17 20:25:57
When it Comes to the Best Crypto to Invest in March 2025
2025-03-17 20:25:57
Bitcoin Pepe (BPEP) Changes the Game With Technology That Could Transform Bitcoin Itself
2025-03-17 20:25:57
XYZ Coin Crosses the $10 Million Mark in Its Presale Phase
2025-03-17 20:25:57
Binance Expands Trade Offerings For MKR, EPIC, & These 3 Crypto
2025-03-17 20:25:57
Arctic Pablo Coin ($APC) Presale: Explore the Depths of Cryptocurrency Investment
2025-03-17 20:25:57

Related knowledge

What is Ethereum’s Slashing mechanism and how to punish malicious behavior?

Feb 20,2025 at 03:08am

Key PointsOverview of slashingDifferent types of slashing in EthereumIncentives and consequences of slashingIdentifying and reporting slashed validatorsOngoing discussions and potential improvementsEthereum's Slashing Mechanism: Punishing Malicious BehaviorEthereum's slashing mechanism is an essential tool for ensuring network security and punishing mal...

What is the verifier node of Ethereum and how to become a verifier?

Feb 19,2025 at 06:00pm

The Verifier Node of Ethereum: A Comprehensive GuideKey Points:What is a Verifier Node?How to Become a Verifier NodeResponsibilities and Rewards of a Verifier NodeMinimum Requirements for Becoming a Verifier NodePotential Difficulties in Running a Verifier Node1. What is a Verifier Node?A Verifier Node is an independent entity on the Ethereum network th...

What is Ethereum’s staking, and how to participate and earn money?

Feb 19,2025 at 04:37pm

Key Points:Understanding Ethereum's Staking MechanismSteps to Participate in StakingBenefits and Rewards of StakingSecurity and Risk ConsiderationsTechnical Requirements and Hardware OptionsPotential Challenges and Troubleshooting TipsFAQs on Ethereum StakingWhat is Ethereum's Staking?Proof-of-Stake (PoS) is a consensus mechanism used in blockchain netw...

What is Ethereum’s DAO (Decentralized Autonomous Organization) and how does it work?

Feb 20,2025 at 03:12am

Key PointsDefinition and Structure of a DAOGovernance and Decision-Making in DAOsBenefits and Use Cases of DAOsChallenges and Limitations of DAOsWhat is Ethereum's DAO (Decentralized Autonomous Organization) and How Does It Work?Definition and Structure of a DAOA Decentralized Autonomous Organization (DAO) is an innovative governance and management fram...

What is Ethereum's multi-signature wallet and how to improve security?

Feb 20,2025 at 02:18pm

Key Points:Understanding the Concept of a Multi-Signature WalletBenefits and Drawbacks of Multisig WalletsRequirements for Setting Up a Multisig WalletStep-by-Step Guide to Generating a Multisig WalletImplementing Strategies for Enhanced Security1. Understanding the Concept of a Multi-Signature WalletA multi-signature (multisig) wallet in the Ethereum e...

What is Ethereum's oracle and how to provide data for smart contracts?

Feb 21,2025 at 01:30am

Key Points:Understanding the concept of oracles in EthereumExploring different types of oraclesDetailed guide on how to provide data for smart contractsAddressing potential challenges and considerationsWhat is Ethereum's Oracle?Oracles are crucial components in the Ethereum ecosystem, enabling smart contracts to access real-world data and off-chain even...