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What is the issuance price and issuance amount of Aavegotchi (GHST) coins?
The initial issuance price of the Aavegotchi (GHST) token during its ICO in September 2021 was $0.0055, raising approximately $16.2 million in funding for the decentralized gaming platform.
Nov 28, 2024 at 05:59 pm
What is Aavegotchi (GHST) Coin Issuance: Price and Amount
Understanding Aavegotchi (GHST) Token Issuance
Aavegotchi (GHST) is the native token of the Aavegotchi decentralized gaming platform. It serves as a utility and governance token within the ecosystem, enabling users to purchase wearables, enhance their Aavegotchis, and participate in decision-making through the decentralized autonomous organization (DAO).
Initial Coin Offering (ICO)
The Aavegotchi token was originally launched through an initial coin offering (ICO) in September 2021. During the ICO, a total of 3 billion GHST tokens were sold, raising approximately $16.2 million in funding.
Token Issuance Price
The issuance price of GHST during the ICO was $0.0055. This price was determined based on a combination of factors, including the projected value of the Aavegotchi platform, the available market supply of GHST, and the anticipated demand from investors.
Token Issuance Amount
The ICO distributed a total of 1.5 billion GHST tokens, representing 50% of the total supply. The remaining 50% of GHST tokens were allocated for various purposes, including:
- Team and advisors (15%)
- Ecosystem fund (15%)
- Marketing and development (10%)
- Treasury (10%)
Token Allocation and Distribution
The Aavegotchi token allocation and distribution ensured a fair distribution of GHST among various stakeholders within the ecosystem. The team and advisors received a portion to support the ongoing development and growth of the platform. The ecosystem fund was established to support community projects and initiatives. Marketing and development funds were allocated to promote the Aavegotchi platform and expand its user base. The treasury reserves were set aside for future use and unexpected expenses.
Impact of Token Issuance on GHST Value
The token issuance of GHST had a significant impact on its value in the cryptocurrency market. The initial ICO price of $0.0055 established a baseline for GHST's market capitalization and liquidity. However, the subsequent performance of GHST's price has been influenced by various factors, including market conditions, the adoption and growth of the Aavegotchi platform, and the overall sentiment in the cryptocurrency industry.
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