What is the issuance price and issuance amount of ORBS coins?

The ORBS coin was initially issued at $0.10 in a private token sale that raised $30 million, with 40% of the tokens allocated to strategic investors and private individuals.

Nov 26, 2024 at 08:20 am

What is the Issuance Price and Issuance Amount of ORBS Coins?

ORBS is a decentralized public blockchain platform designed to provide a scalable and secure infrastructure for decentralized applications (dApps). The ORBS network is powered by the ORBS token, which is used to pay for transaction fees, staking rewards and governance rights.

Issuance Price

The ORBS coin was first issued in a private token sale in May 2018. The token sale raised $30 million, with 40% of the tokens sold to strategic investors, 40% to private investors and 20% to the ORBS team. The issuance price of the ORBS coin was $0.10.

Issuance Amount

The total issuance amount of ORBS coins is 10 billion. Of this total, 40% (4 billion coins) were sold in the private token sale. The remaining 6 billion coins are allocated as follows:

30% (3 billion coins) for the ORBS team
15% (1.5 billion coins) for the ORBS Foundation
10% (1 billion coins) for the ORBS ecosystem
5% (500 million coins) for marketing and operations

Token Distribution

The ORBS tokens are distributed as follows:

40% (4 billion coins) to private investors
30% (3 billion coins) to the ORBS team
15% (1.5 billion coins) to the ORBS Foundation
10% (1 billion coins) to the ORBS ecosystem
5% (500 million coins) for marketing and operations

Token Use Cases

The ORBS token has a number of use cases within the ORBS ecosystem, including:

Transaction fees: ORBS tokens are used to pay for transaction fees on the ORBS network.
Staking rewards: ORBS tokens can be staked to earn staking rewards.
Governance rights: ORBS tokens can be used to vote on governance proposals for the ORBS network.

Conclusion

The ORBS coin is a key part of the ORBS ecosystem. The issuance price of the ORBS coin was $0.10 and the total issuance amount is 10 billion. The ORBS tokens are distributed to a variety of stakeholders, including private investors, the ORBS team, the ORBS Foundation, the ORBS ecosystem and marketing and operations. The ORBS token has a number of use cases within the ORBS ecosystem, including paying for transaction fees, earning staking rewards and voting on governance proposals.

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