-
Bitcoin
$94,241.8724
-0.51% -
Ethereum
$3,278.5840
-0.13% -
XRP
$2.4919
6.73% -
Tether USDt
$0.9997
-0.04% -
BNB
$695.9181
-0.15% -
Solana
$187.6190
-1.30% -
Dogecoin
$0.3364
0.76% -
USDC
$1.0001
0.01% -
Cardano
$0.9544
1.67% -
TRON
$0.2410
-1.05% -
Avalanche
$36.4843
-1.01% -
Sui
$4.9326
-4.54% -
Toncoin
$5.4427
2.56% -
Stellar
$0.4319
3.59% -
Shiba Inu
$0.0000
0.29% -
Chainlink
$20.0005
-1.16% -
Hedera
$0.2810
0.52% -
Polkadot
$6.6267
-1.57% -
Bitcoin Cash
$439.6341
-2.14% -
UNUS SED LEO
$9.4000
1.73% -
Bitget Token
$7.0430
5.70% -
Uniswap
$13.6807
-1.10% -
Litecoin
$102.6333
-2.80% -
Pepe
$0.0000
0.93% -
Hyperliquid
$20.2935
-2.88% -
NEAR Protocol
$5.0250
-0.95% -
Ethena USDe
$0.9992
0.03% -
Dai
$1.0000
-0.02% -
Aptos
$9.0425
-0.51% -
Internet Computer
$10.1792
-2.65%
What is the issuance price and issuance volume of BNT coins?
During its initial token sale in June 2017, BNT coins were issued at a price of $0.10 USD, totaling 153 million BNT, with 75% distributed to public investors.
Nov 20, 2024 at 11:29 pm
What is the Issuance Price and Issuance Volume of BNT Coins?
Introduction
BNT (Bancor Network Token) is a native utility token of the Bancor protocol, a decentralized liquidity aggregator and automated market maker (AMM) platform operating on the Ethereum blockchain. The protocol enables seamless token swaps and liquidity provision, facilitating efficient and cost-effective trades for users. BNT coins play a crucial role within the ecosystem, serving as:
- Governance tokens: Holders can participate in protocol governance and decision-making.
- Staking rewards: Users who stake BNT tokens earn rewards for contributing to the network's liquidity.
- Payment fees: Traders pay a small fee in BNT for using the protocol's swap services.
Understanding the issuance price and volume of BNT coins is essential for assessing their distribution and potential impact on the market.
Issuance Price
The issuance price of BNT coins refers to the initial price at which they were sold during the token sale event. This price determines the initial distribution of tokens and influences the subsequent market value.
- Initial Token Sale: The initial BNT token sale was conducted in June 2017.
- Issuance Price: 1 BNT = $0.10 USD.
- Total Funds Raised: Approximately $153 million USD.
Issuance Volume
The issuance volume represents the total number of BNT coins created and distributed during the initial token sale. This volume affects the supply of tokens in circulation and influences their scarcity.
- Initial Issuance Volume: 153 million BNT coins.
Distribution: The tokens were distributed as follows:
- 75% (114.75 million BNT) sold to public investors.
- 15% (22.95 million BNT) reserved for the team and advisors.
- 10% (15.3 million BNT) allocated for protocol development and community initiatives.
Conclusion
The issuance price and issuance volume of BNT coins provide insights into the initial distribution and supply dynamics of the Bancor Network Token. These factors play a significant role in shaping the token's market performance, governance, and liquidity over time.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
The Meme Coin Industry Is Evolving, and These 5 Presale Projects Are Leading the Way
- 2025-01-12 02:35:26
-
Dogecoin (DOGE) vs. IntelMarkets (INTL): Comparing the Potential of Meme-Driven Coins and AI-Driven Trading Platforms
- 2025-01-12 02:35:26
-
4 Best Web3 Crypto Coins to Watch in 2025: Web3Bay, Render, Injective, & Phala Network's Impact
- 2025-01-12 02:45:26
-
Polygon (POL) Price Prediction 2023: Will the Altcoin Overcome Resistance and Deliver a Bullish Trend Reversal?
- 2025-01-12 02:35:26
-
Ethereum's Inverse Head and Shoulders Pattern: Can ETH Reach $12,000?
- 2025-01-12 03:25:27
-
6 Best Underrated Crypto Gems Poised for Considerable Growth in 2025
- 2025-01-12 02:35:26
Related knowledge
DIMO (DIMO) Coin Exchange Purchase Detailed Operation Tutorial
Jan 08,2025 at 11:18pm
Key PointsUnderstand the basics of cryptocurrency exchangesCreate an account on a reputable cryptocurrency exchangeFund your account with fiat currency or cryptocurrencyFind the DIMO (DIMO) trading pair and place an orderManage your DIMO (DIMO) holdingsStep-by-Step Guide to Purchasing DIMO (DIMO) on a Coin Exchange1. Choose a Cryptocurrency ExchangeSele...
Tectum (TET) Coin Purchase Tutorial Detailed
Jan 09,2025 at 04:04am
Tectum (TET) Coin Purchase Tutorial DetailedKey Points:Tectum (TET) is a cryptocurrency designed to provide a secure and private payment network.It combines blockchain technology with advanced cryptography to enhance user experience and address common cryptocurrency challenges.Interested individuals can purchase TET through various exchanges, including ...
What are the factors that are positive for GamerCoin (GHX)?
Jan 07,2025 at 11:43pm
Key Points:Surging popularity in blockchain gaming: GamerCoin's focus on blockchain gaming has positioned it well to capitalize on the rapidly growing industry.Strong community support: The project boasts a loyal and passionate community that actively engages with its development and promotion.Partnerships with key players: Collaborations with industry ...
Introduction to several methods to obtain GamerCoin (GHX) coins
Jan 06,2025 at 09:52pm
Key Points:Understand the nature and application of GamerCoin (GHX)Explore various methods to obtain GHX coins: DEXs, staking, airdrops, faucets, and play-to-earn gamesGain insights into the advantages and drawbacks of each methodDevelop a comprehensive strategy to maximize GHX acquisitionExplore potential risks associated with obtaining GHX coinsMethod...
What are the regulatory risks associated with GEODNET (GEOD) Coin?
Jan 08,2025 at 09:02am
Key Points:GEODNET (GEOD) Coin is a decentralized, proof-of-stake blockchain project that incentivizes data sharing and data aggregation.The project aims to create a global network of shared data for the benefit of all participants.GEOD Coin is the native currency of the GEODNET platform, used for incentivizing data sharing and rewarding network partici...
What security measures are in place to protect Tectum (TET) coin holders?
Jan 08,2025 at 09:05am
Key Points:Multi-sig wallet protectionSmart contract security auditsKYC/AML complianceHardware wallet supportBug bounty programCommunity engagement and transparencyArticle Body:Multi-sig Wallet ProtectionTectum (TET) holders' funds are stored in a multi-signature wallet, which requires multiple authorized parties to approve transactions. This adds an ex...
DIMO (DIMO) Coin Exchange Purchase Detailed Operation Tutorial
Jan 08,2025 at 11:18pm
Key PointsUnderstand the basics of cryptocurrency exchangesCreate an account on a reputable cryptocurrency exchangeFund your account with fiat currency or cryptocurrencyFind the DIMO (DIMO) trading pair and place an orderManage your DIMO (DIMO) holdingsStep-by-Step Guide to Purchasing DIMO (DIMO) on a Coin Exchange1. Choose a Cryptocurrency ExchangeSele...
Tectum (TET) Coin Purchase Tutorial Detailed
Jan 09,2025 at 04:04am
Tectum (TET) Coin Purchase Tutorial DetailedKey Points:Tectum (TET) is a cryptocurrency designed to provide a secure and private payment network.It combines blockchain technology with advanced cryptography to enhance user experience and address common cryptocurrency challenges.Interested individuals can purchase TET through various exchanges, including ...
What are the factors that are positive for GamerCoin (GHX)?
Jan 07,2025 at 11:43pm
Key Points:Surging popularity in blockchain gaming: GamerCoin's focus on blockchain gaming has positioned it well to capitalize on the rapidly growing industry.Strong community support: The project boasts a loyal and passionate community that actively engages with its development and promotion.Partnerships with key players: Collaborations with industry ...
Introduction to several methods to obtain GamerCoin (GHX) coins
Jan 06,2025 at 09:52pm
Key Points:Understand the nature and application of GamerCoin (GHX)Explore various methods to obtain GHX coins: DEXs, staking, airdrops, faucets, and play-to-earn gamesGain insights into the advantages and drawbacks of each methodDevelop a comprehensive strategy to maximize GHX acquisitionExplore potential risks associated with obtaining GHX coinsMethod...
What are the regulatory risks associated with GEODNET (GEOD) Coin?
Jan 08,2025 at 09:02am
Key Points:GEODNET (GEOD) Coin is a decentralized, proof-of-stake blockchain project that incentivizes data sharing and data aggregation.The project aims to create a global network of shared data for the benefit of all participants.GEOD Coin is the native currency of the GEODNET platform, used for incentivizing data sharing and rewarding network partici...
What security measures are in place to protect Tectum (TET) coin holders?
Jan 08,2025 at 09:05am
Key Points:Multi-sig wallet protectionSmart contract security auditsKYC/AML complianceHardware wallet supportBug bounty programCommunity engagement and transparencyArticle Body:Multi-sig Wallet ProtectionTectum (TET) holders' funds are stored in a multi-signature wallet, which requires multiple authorized parties to approve transactions. This adds an ex...
See all articles
