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What is the issuance amount of Swell Network (SWELL) coins?

The total issuance amount of Swell Network's (SWELL) native tokens stands at 1,000,000,000, serving as the backbone of transactions and incentives within the network's decentralized ecosystem.

Dec 17, 2024 at 12:08 am

What is the issuance amount of Swell Network (SWELL) coins?

Swell Network (SWELL) is a decentralized, peer-to-peer network that enables users to exchange assets and services without the need for intermediaries. The network utilizes a native token called SWELL to facilitate transactions on the platform.

Issuance Amount of SWELL Coins

The total issuance amount of SWELL coins is 1,000,000,000. These coins were initially distributed through a public token sale held in 2019.

Allocation of SWELL Coins

The initial distribution of SWELL coins was as follows:

Public Sale: 70% (700,000,000 SWELL)
Team and Advisors: 15% (150,000,000 SWELL)
Foundation: 5% (50,000,000 SWELL)
Ecosystem Fund: 5% (50,000,000 SWELL)
Reserve: 5% (50,000,000 SWELL)

Tokenomics of SWELL Coins

SWELL coins serve several functions on the Swell Network:

Transaction Fees: SWELL coins are used to pay transaction fees on the network, such as fees for exchanging assets or using the Swell Wallet.
Governance: Holders of SWELL coins have the ability to participate in the governance of the network. They can vote on proposals and help shape the future development of the platform.
Incentives: SWELL coins are used to reward users for participating in the Swell ecosystem. For example, users can earn SWELL coins by providing liquidity to pools or by referring new users to the platform.

Conclusion

The issuance amount of Swell Network (SWELL) coins is 1,000,000,000. These coins were initially distributed through a public token sale and are used for transaction fees, governance, and incentivization within the Swell Network.

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