Introduction to Streamr (DATA) coin issuance price and quantity

Streamr's initial coin offering in 2017, with a price of $0.05 per token, issued a total of 10 billion DATA tokens for network development, team allocation, and ecosystem growth.

Jan 03, 2025 at 08:30 pm

Key Points:

• Understanding the Initial Coin Offering (ICO) of Streamr (DATA)
• Analyzing the token issuance price and quantity
• Exploring the token distribution and allocation
• Impact of ICO on Streamr's Development

Introduction to Streamr (DATA) Coin Issuance Price and Quantity

Streamr (DATA) emerged in the cryptocurrency market through an Initial Coin Offering (ICO) in 2017. The ICO served as a fundraising mechanism to support the development and expansion of the Streamr network. This article delves into the intricacies of the Streamr ICO, including the coin issuance price, quantity, distribution, and allocation.

1. Coin Issuance Price

Streamr set the initial coin issuance price at $0.05 USD during the ICO. The price was determined through careful market analysis and consideration of the project's potential and value proposition. This price point aimed to strike a balance between accessibility for early investors and ensuring fair valuation for the project.

2. Coin Issuance Quantity

Streamr issued a total of 10 billion DATA tokens during the ICO. This issuance quantity was meticulously calculated to meet the project's funding requirements while maintaining an appropriate level of token liquidity. The total supply of DATA tokens ensures a sufficient supply for the ecosystem's growth and expansion.

3. Token Distribution

The DATA tokens were distributed among various stakeholders, including:

• Investors: 50% of the tokens were allocated to ICO investors who contributed to the fundraising.
• Team: 15% of the tokens were reserved for the Streamr team, ensuring their continued motivation and commitment to the project.
• Foundation: 10% of the tokens were allocated to the Streamr Foundation, a non-profit organization dedicated to promoting the adoption and governance of the network.
• Partnership Incentives: 10% of the tokens were allocated for partnerships and ecosystem development, fostering collaboration and growth within the Streamr community.
• Marketing and Community: 5% of the tokens were reserved for marketing and community outreach, supporting the growth and engagement of the Streamr ecosystem.

4. Allocation of Funds

The proceeds from the ICO were allocated to specific areas of the Streamr project's development:

• Network Infrastructure: 60% of the funds were allocated to developing and maintaining the core network infrastructure, ensuring reliability and scalability.
• Ecosystem Development: 20% of the funds were dedicated to expanding the Streamr ecosystem through partnerships, integrations, and developer support.
• Marketing and Outreach: 10% of the funds were allocated to marketing and outreach initiatives, raising awareness and adoption of Streamr's solutions.
• Reserve: 10% of the funds were set aside as a reserve for unforeseen expenses and future developments.

FAQs:

Q: What was the purpose of the Streamr ICO?

A: The Streamr ICO aimed to raise funds for the development and expansion of the Streamr network, a decentralized data marketplace platform.

Q: How many DATA tokens were issued during the ICO?

A: Streamr issued a total of 10 billion DATA tokens during the ICO.

Q: How was the coin issuance price determined?

A: The coin issuance price of $0.05 USD was established through market analysis and consideration of the project's value proposition.

Q: How were the tokens allocated after the ICO?

A: The tokens were distributed among investors (50%), the Streamr team (15%), the Streamr Foundation (10%), partnership incentives (10%), and marketing and community outreach (5%).

Q: What was the impact of the ICO on Streamr's development?

A: The ICO provided the necessary funding to accelerate network development, expand ecosystem partnerships, and increase marketing and outreach efforts.