What is the issuance price of Electroneum (ETN) coins?

The issuance price of Electroneum (ETN) coins, set at $0.0001 USD during its ICO in 2017, played a crucial role in establishing its initial market valuation and the distribution of coins among stakeholders.

Nov 29, 2024 at 07:28 pm

Understanding the Issuance Price of Electroneum (ETN) Coins

Electroneum is a mobile cryptocurrency platform that focuses on making digital currency accessible to everyone. Central to the Electroneum ecosystem is the ETN coin, which serves as a medium of exchange, store of value, and unit of account. The issuance price of ETN coins plays a crucial role in determining the initial value and distribution of the cryptocurrency.

Factors Influencing Issuance Price

The issuance price of ETN coins is not solely determined by Electroneum's development team but is influenced by a combination of factors, including:

• Initial Funding: The funds raised during Electroneum's initial coin offering (ICO) in 2017 contributed to the initial issuance price. The amount raised, along with the number of ETN coins issued, shaped the initial market valuation.
• Market Demand and Supply: The demand for ETN coins at the time of issuance, coupled with the initial supply, impacted the issuance price. If demand exceeded supply, the issuance price would tend to rise.
• Tokenomics: Electroneum's tokenomics, which outline the distribution and allocation of ETN coins to various stakeholders, influence the issuance price. The percentage of coins released for public sale, for example, affects the initial supply and demand dynamics.
• Market Sentiment: The overall sentiment in the cryptocurrency market at the time of issuance can influence the issuance price of ETN coins. Positive sentiment, such as bullish projections or positive news, tends to drive up prices.

Issuance Price of ETN Coins

The issuance price of ETN coins was set at $0.0001 USD during the initial coin offering (ICO) held in 2017. A total of 21 billion ETN coins were issued, with 56% allocated for public sale, 24% for mobile mining, 10% for the Electroneum team, and 10% for future development and partnerships.

Significance of Issuance Price

The issuance price of ETN coins holds significance for several reasons:

• Initial Market Valuation: The issuance price establishes the initial market valuation of the cryptocurrency, reflecting the value perceived by early investors and the market.
• Distribution of Coins: The issuance price influences the distribution of coins among various stakeholders, including investors, miners, and the project team.
• Liquidity and Trading: The issuance price sets the baseline for liquidity and trading activity in the secondary markets, such as cryptocurrency exchanges.
• Future Price Movements: The issuance price serves as a reference point for future price movements and can influence sentiment and market dynamics over time.