What is the issuance price of BENQI (QI) coins?

QI tokens launched through ICO at $0.02 per token, distributing 50% to the public sale and allocating the remaining to investors, team, advisors, and ecosystem development.

Dec 21, 2024 at 07:55 am

Key Points:

• Initial coin offering (ICO): conducted in March 2023
• Issuance price: $0.02 per QI token
• Distribution of tokens: 50% allocated to public sale, 30% to investors, 10% to team and advisors, and 10% for ecosystem development and incentives.

In-depth Explanation:

Issuance Price of BENQI (QI) Coins

The BENQI (QI) coin was launched through an initial coin offering (ICO) in March 2023. During the ICO, QI tokens were offered to the public at an issuance price of $0.02 per token. This price was determined by the project team after careful consideration of market conditions, tokenomics, and future growth potential.

Distribution of QI Tokens

The distribution of QI tokens was designed to ensure a fair and equitable distribution among various stakeholders:

• Public Sale: 50% of the QI tokens were allocated to the public sale, allowing individuals to purchase tokens directly from the project.
• Investors: 30% of the tokens were allocated to investors in a private sale round, providing early support and funding to the project.
• Team and Advisors: 10% of the tokens were allocated to the project team and advisors, recognizing their contributions and aligning their interests with long-term project success.
• Ecosystem Development: 10% of the tokens were reserved for ecosystem development and incentives, supporting the growth of the BENQI ecosystem and rewarding community members.

By carefully planning the issuance price and token distribution, the BENQI project aimed to establish a strong foundation for future growth, attract a diverse investor base, and foster a vibrant community around the platform.

FAQs

Q: Where can I purchase QI tokens?
A: QI tokens can be purchased through various cryptocurrency exchanges, including Binance, Coinbase, and Huobi.

Q: How is the price of QI determined?
A: The price of QI is determined by market forces, including supply and demand, market sentiment, and global economic conditions.

Q: What factors influenced the issuance price of QI?
A: The issuance price was determined based on a comprehensive evaluation of the project's market opportunity, tokenomics, and future growth potential.

Q: How are QI tokens used within the BENQI ecosystem?
A: QI tokens are the native cryptocurrency of the BENQI ecosystem and can be used for staking, governance, and transaction fees on the platform.

Q: How can I earn rewards from QI tokens?
A: QI token holders can earn rewards through staking, participating in governance, and contributing to the growth of the BENQI ecosystem.

By accessing this comprehensive information, individuals can gain a deeper understanding of the issuance price and tokenomics of BENQI (QI) coins, empowering them to make informed decisions about their investments and participation in the project.