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What is the issuance price and issuance volume of Altura (ALU) coins?
During its initial coin offering in 2018, Altura (ALU) coins were issued at $0.001, with a total issuance volume of 10 billion.
Dec 02, 2024 at 12:56 pm
What is the Issuance Price and Issuance Volume of Altura (ALU) Coins?
Introduction
Altura (ALU) is a blockchain-based platform that enables the creation of decentralized applications (dApps) and smart contracts. The platform's native token, ALU, is used to pay for transaction fees, stake for rewards, and participate in governance.
Issuance Price of ALU Coins
The issuance price of ALU coins was $0.001 during the initial coin offering (ICO) that took place in 2018. The ICO raised a total of $6 million.
Issuance Volume of ALU Coins
The total issuance volume of ALU coins is 10 billion. Of this amount, 50% was sold during the ICO, 20% was allocated to the team and advisors, and the remaining 30% was set aside for future development.
Circulating Supply of ALU Coins
As of March 2023, the circulating supply of ALU coins is approximately 3.5 billion. This represents roughly 35% of the total issuance volume.
Factors Affecting ALU Coin Price
The price of ALU coins, like all cryptocurrencies, is influenced by a variety of factors, including:
- Market supply and demand: The price of ALU coins is primarily driven by market forces of supply and demand. If there is more demand for ALU coins than there is supply, the price will tend to rise. Conversely, if there is more supply than demand, the price will tend to fall.
- Utility: The utility of the ALU coin is another important factor that can affect its price. As the Altura platform and its ecosystem grow, the utility of the ALU coin will likely increase, which could drive up its price.
- Adoption: The adoption of the Altura platform and its ALU coin will also impact its price. If more developers and users adopt the platform, the demand for ALU coins will increase, which could lead to a higher price.
- Competition: ALU coins face competition from other blockchain platforms and their native tokens. The level of competition will impact the price of ALU coins.
Conclusion
The issuance price of ALU coins was $0.001 during the ICO. The total issuance volume of ALU coins is 10 billion. The factors that affect the price of ALU coins include market supply and demand, utility, adoption, and competition.
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