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What is the issuance price and issuance amount of Origin Token (OGN)?
Origin Token (OGN) debuted at an issuance price of $0.10 per token, offering a total issuance limit of 1,000,000,000 tokens distributed through various funding rounds.
Dec 01, 2024 at 07:42 am
Understanding the Issuance and Tokenomics of Origin Token (OGN)
Origin Token (OGN) holds a pivotal role within the Origin Protocol ecosystem, serving as the native utility token that powers the decentralized e-commerce platform. To grasp the fundamental characteristics of OGN, delving into its issuance price and issuance amount is paramount.
1. Issuance Price
The issuance price of OGN was established at **$0.10** during the initial token distribution event known as an initial coin offering (ICO). This ICO was conducted in September 2017 and raised approximately $22 million in funding.
2. Issuance Amount
The total issuance amount of OGN is capped at 1,000,000,000 tokens. Out of this total supply, the following distribution breakdown was implemented:
- Seed Sale: 12% (120,000,000 OGN)
- Private Sale: 32% (320,000,000 OGN)
- Public Sale (ICO): 40% (400,000,000 OGN)
- Team and Advisors: 10% (100,000,000 OGN)
- Reserve: 6% (60,000,000 OGN)
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