Market Cap: $2.6972T -2.120%
Volume(24h): $50.6564B -26.190%
Fear & Greed Index:

22 - Extreme Fear

  • Market Cap: $2.6972T -2.120%
  • Volume(24h): $50.6564B -26.190%
  • Fear & Greed Index:
  • Market Cap: $2.6972T -2.120%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top Cryptospedia

Select Language

Select Language

Select Currency

Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos

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

The Swell Network's native cryptocurrency, SWELL, serves as the foundation for transactions, staking, and governance within its decentralized blockchain ecosystem.

Dec 07, 2024 at 11:00 am

What is Issuance and Circulation of Swell Network (SWELL) Coins?

1. Understanding Swell Network (SWELL)

Swell Network is a decentralized, secure, and scalable blockchain platform designed specifically for the development and deployment of decentralized applications (dApps). The SWELL coin is the native cryptocurrency that powers the Swell Network and enables various functions within its ecosystem.

2. Issuance of SWELL Coins

The initial issuance of SWELL coins was conducted through a public token sale held in 2018. A total of 1 billion SWELL coins were created, out of which 630 million were made available for sale. The token sale raised around $70 million and attracted significant interest from investors.

3. Distribution and Allocation of SWELL Coins

The distribution of SWELL coins after the token sale was divided among several participants. The allocation was as follows:

  • Team and Advisors (20%): 200 million SWELL coins were reserved for the Swell Network team and advisors to support the project's development and operations.
  • Community Fund (15%): 150 million SWELL coins were allocated to a community fund to support projects and initiatives that align with the Swell Network's mission.
  • Marketing and Development (10%): 100 million SWELL coins were set aside for marketing and development efforts to promote the network's adoption and growth.
  • Partners and Investors (55%): 550 million SWELL coins were distributed to early investors, partners, and contributors who supported the project during its early stages.

4. Circulation of SWELL Coins

Once the token sale was completed, the SWELL coins were released into circulation. The coins are used for various purposes within the Swell Network ecosystem, including:

  • Transaction Fees: SWELL coins are used to pay for transaction fees on the Swell Network. This helps cover the operational costs of maintaining the blockchain and ensuring its security.
  • Staking: SWELL coins can be staked to earn rewards and support the network's security. Staking involves locking up coins for a period of time to participate in the validation process.
  • Governance: SWELL coin holders can participate in the governance of the Swell Network by voting on proposals that affect the network's development and operations.

5. Current Supply and Market Cap

As of March 2023, the circulating supply of SWELL coins is approximately 500 million, with a market capitalization of around $20 million. The coin's price has been relatively stable over the past year, with fluctuations primarily driven by market conditions and network developments.

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.

Related knowledge

Which cryptocurrency websites are good for beginners?

Which cryptocurrency websites are good for beginners?

Mar 14,2025 at 04:48pm

CoinbaseUser - friendly Interface: Coinbase offers a clean and intuitive interface that is easy for beginners to navigate. The platform is designed to be straightforward, with clear instructions for tasks like creating an account, depositing funds, and buying/selling cryptocurrencies. For example, when you log in, you are greeted with a dashboard that s...

How much will Bitcoin be worth in 2025

How much will Bitcoin be worth in 2025

Mar 14,2025 at 04:23pm

Predicting the value of Bitcoin in 2025 is an extremely complex task. Bitcoin, as the pioneer of cryptocurrencies, has a price influenced by a vast array of factors, ranging from market dynamics and technological advancements to regulatory changes and global economic conditions.Market Supply and DemandLimited Supply: Bitcoin has a capped supply of 21 mi...

How to issue an ERC-20 token?

How to issue an ERC-20 token?

Mar 15,2025 at 04:20pm

Key Points:Understanding the prerequisites for ERC-20 token creation.Choosing the right development environment and tools.Writing the smart contract code.Compiling and deploying the smart contract to the Ethereum network.Testing the deployed token thoroughly.Listing the token on exchanges (optional).How to Issue an ERC-20 Token?Issuing an ERC-20 token i...

What are the core functions of the smart contract of ERC-20 tokens?

What are the core functions of the smart contract of ERC-20 tokens?

Mar 15,2025 at 11:10am

Key Points:ERC-20 smart contracts define the core functionality of a token, enabling transferability, balance tracking, and allowance for delegated transfers.Beyond basic token mechanics, smart contracts can incorporate features like burning, minting, and pausing token transactions.Advanced functionalities may include integration with other DeFi protoco...

What are the main functions of ERC-20 tokens?

What are the main functions of ERC-20 tokens?

Mar 13,2025 at 12:21am

Key Points:ERC-20 tokens are standardized tokens built on the Ethereum blockchain, enabling interoperability and ease of use.Their primary function is to represent fungible assets, meaning each token is interchangeable with any other of the same type.ERC-20 tokens facilitate various use cases, including fundraising (ICOs/IEOs), representing in-game asse...

How are ERC-20 tokens created on the Ethereum blockchain?

How are ERC-20 tokens created on the Ethereum blockchain?

Mar 13,2025 at 01:30pm

Key Points:ERC-20 tokens are created by deploying a smart contract to the Ethereum blockchain.This smart contract defines the token's properties, such as name, symbol, total supply, and decimals.Several tools and platforms simplify the process, including online IDEs and dedicated token creation services.Understanding Solidity programming is crucial for ...

Which cryptocurrency websites are good for beginners?

Which cryptocurrency websites are good for beginners?

Mar 14,2025 at 04:48pm

CoinbaseUser - friendly Interface: Coinbase offers a clean and intuitive interface that is easy for beginners to navigate. The platform is designed to be straightforward, with clear instructions for tasks like creating an account, depositing funds, and buying/selling cryptocurrencies. For example, when you log in, you are greeted with a dashboard that s...

How much will Bitcoin be worth in 2025

How much will Bitcoin be worth in 2025

Mar 14,2025 at 04:23pm

Predicting the value of Bitcoin in 2025 is an extremely complex task. Bitcoin, as the pioneer of cryptocurrencies, has a price influenced by a vast array of factors, ranging from market dynamics and technological advancements to regulatory changes and global economic conditions.Market Supply and DemandLimited Supply: Bitcoin has a capped supply of 21 mi...

How to issue an ERC-20 token?

How to issue an ERC-20 token?

Mar 15,2025 at 04:20pm

Key Points:Understanding the prerequisites for ERC-20 token creation.Choosing the right development environment and tools.Writing the smart contract code.Compiling and deploying the smart contract to the Ethereum network.Testing the deployed token thoroughly.Listing the token on exchanges (optional).How to Issue an ERC-20 Token?Issuing an ERC-20 token i...

What are the core functions of the smart contract of ERC-20 tokens?

What are the core functions of the smart contract of ERC-20 tokens?

Mar 15,2025 at 11:10am

Key Points:ERC-20 smart contracts define the core functionality of a token, enabling transferability, balance tracking, and allowance for delegated transfers.Beyond basic token mechanics, smart contracts can incorporate features like burning, minting, and pausing token transactions.Advanced functionalities may include integration with other DeFi protoco...

What are the main functions of ERC-20 tokens?

What are the main functions of ERC-20 tokens?

Mar 13,2025 at 12:21am

Key Points:ERC-20 tokens are standardized tokens built on the Ethereum blockchain, enabling interoperability and ease of use.Their primary function is to represent fungible assets, meaning each token is interchangeable with any other of the same type.ERC-20 tokens facilitate various use cases, including fundraising (ICOs/IEOs), representing in-game asse...

How are ERC-20 tokens created on the Ethereum blockchain?

How are ERC-20 tokens created on the Ethereum blockchain?

Mar 13,2025 at 01:30pm

Key Points:ERC-20 tokens are created by deploying a smart contract to the Ethereum blockchain.This smart contract defines the token's properties, such as name, symbol, total supply, and decimals.Several tools and platforms simplify the process, including online IDEs and dedicated token creation services.Understanding Solidity programming is crucial for ...

See all articles

User not found or password invalid

Your input is correct