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What is the issuance and circulation of ARDR coins?
ARDR, the native cryptocurrency of the Ardor platform, features a capped supply of 998,999,999 coins, with 998,999,949 coins issued through the 2018 ICO and 50 reserved for the development team.
Nov 23, 2024 at 08:10 am
What is the Issuance and Circulation of ARDR Coins?
Ardor (ARDR) is a blockchain platform that enables the creation of child chains, each with its own unique set of rules and governance. ARDR is the native cryptocurrency of the Ardor platform and is used to pay for transaction fees, secure the network, and vote on platform decisions.
Issuance of ARDR Coins
The total supply of ARDR coins is capped at 998,999,999 coins. Of this total supply, 998,999,949 coins were created during the initial coin offering (ICO) in 2018. The remaining 50 coins were reserved for the Ardor development team.
The ICO sale of ARDR coins raised a total of $15 million. The funds raised from the ICO were used to develop the Ardor platform and to fund marketing and outreach initiatives.
Circulation of ARDR Coins
As of January 2023, there are approximately 998,999,500 ARDR coins in circulation. The remaining 499,949 coins are held by the Ardor development team.
The majority of ARDR coins in circulation are held by investors and traders. A small number of ARDR coins are also held by developers who are building applications on the Ardor platform.
Conclusion
ARDR is a cryptocurrency that is used to power the Ardor blockchain platform. The total supply of ARDR coins is capped at 998,999,999 coins, and as of January 2023, there are approximately 998,999,500 ARDR coins in circulation.
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