What is the issuance amount of SolarX (SXCH) coins?

With a total issuance of 500 million coins, SolarX (SXCH) ensures scarcity, decentralized governance, community engagement, and a robust ecosystem.

Dec 03, 2024 at 02:51 pm

What is the Issuance Amount of SolarX (SXCH) Coins?

Understanding the Issuance Amount of SolarX Coins

The issuance amount of a cryptocurrency refers to the total number of coins that are created and released into the market. This amount is predetermined and cannot be altered after the initial distribution.

SolarX (SXCH) Issuance Amount

SolarX (SXCH) is a blockchain-based platform that provides a comprehensive suite of financial services, including cryptocurrency trading, lending, and decentralized finance (DeFi) solutions. The issuance amount of SXCH coins plays a crucial role in the platform's economy.

Total Issuance: 500,000,000 SXCH

The total issuance amount of SXCH coins is 500,000,000. This limit was established during the initial coin offering (ICO) held in 2018. Once all 500 million SXCH coins have been issued, no additional coins can be created, ensuring the scarcity of the asset.

Token Distribution

The distribution of SXCH coins was carefully planned to ensure a balanced distribution among various stakeholders, including:

• Seed Round: 10% of the total supply was allocated to early investors who participated in the seed round funding.
• ICO: 30% of the total supply was sold through the initial coin offering (ICO), allowing public investors to acquire SXCH coins.
• Team and Advisors: 10% of the total supply was reserved for the SolarX team and advisors who contributed to the platform's development.
• Community Rewards: 20% of the total supply was allocated for community rewards programs, such as airdrops and referral bonuses.
• Ecosystem Fund: 20% of the total supply was reserved for the SolarX ecosystem fund, which supports the development of projects and partnerships that benefit the platform's growth.
• Reserve Fund: 10% of the total supply was set aside as a reserve fund to support the long-term stability and growth of the SolarX platform.

Implications of the Issuance Amount

The issuance amount of 500 million SXCH coins has several implications for the platform:

• Scarcity: The limited supply of SXCH coins creates an inherent scarcity, which can support the value of the asset over time.
• Governance: The distribution of SXCH coins among various stakeholders ensures decentralized governance, as no single entity holds a majority of the coins.
• Community Engagement: The allocation of coins for community rewards encourages participation and engagement in the SolarX ecosystem.
• Ecosystem Growth: The ecosystem fund provides resources for projects and partnerships that contribute to the growth and development of the SolarX platform.