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What is the issuance price of DUSK coins?
Upon its issuance during the token generation event, DUSK coins were introduced to the market at an initial price of $0.06 USD, serving as a foundational element for investors in the DUSK Network's privacy-oriented financial ecosystem.
Nov 28, 2024 at 10:44 am
What is the issuance price of DUSK coins?
Understanding DUSK Coins and Their Issuance
DUSK Network, a privacy-centric decentralized finance (DeFi) ecosystem, has introduced its native token, DUSK, to facilitate secure and anonymous financial transactions. As a foundational component of the platform, understanding the issuance price of DUSK coins holds significance for investors and participants in the ecosystem.
Issuance Price of DUSK Coins
The issuance price of DUSK coins refers to the initial price at which they were sold to the public during the token generation event (TGE). This price serves as a benchmark for investors to evaluate the subsequent performance of the token in the market.
Relevance of Issuance Price in Token Evaluation
The issuance price plays a crucial role in token evaluation for several reasons:
- Provides a reference point for comparing the token's market value over time.
- Helps determine the potential return on investment (ROI) for early adopters.
- Influences the token's perceived value and demand in the market.
Issuance Details of DUSK Coins
The initial issuance details of DUSK coins are as follows:
- Issuance Price: $0.06 USD
- Total Supply: 1,000,000,000 DUSK
- TGE Date: March 3, 2021
Steps to Calculate Issuance Price
To calculate the issuance price of DUSK coins, follow these steps:
- Determine the initial supply: The initial supply refers to the total number of tokens created during the TGE. In the case of DUSK, the initial supply was 1,000,000,000 DUSK.
- Consider the total funds raised: Calculate the total amount of funds raised during the TGE by multiplying the issuance price by the initial supply. For DUSK, the total funds raised were: 1,000,000,000 DUSK x $0.06 = $60,000,000 USD.
- Divide funds raised by total supply: To determine the issuance price, divide the total funds raised by the initial supply. For DUSK, the calculation is: $60,000,000 USD ÷ 1,000,000,000 DUSK = $0.06 USD.
Therefore, the issuance price of DUSK coins was $0.06 USD.
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