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What is the issuance price and issuance volume of Celsius (CEL) coins?
Celsius (CEL) had an issuance price of $0.20 and a total issuance volume of 695 million coins, with a circulating supply of approximately 264 million coins.
Nov 29, 2024 at 06:44 am
What is the issuance price and issuance volume of Celsius (CEL) coins?
Celsius (CEL) is a cryptocurrency that powers the Celsius Network, a platform that allows users to earn interest on their cryptocurrency holdings and borrow against their crypto assets. CEL was launched in 2018 with an initial issuance price of $0.20 per coin. The total issuance volume of CEL is 695 million coins, with a circulating supply of approximately 264 million coins.
Issuance Price
The issuance price of CEL was $0.20 per coin. This price was determined through a private token sale that was held prior to the public launch of the Celsius Network. The private sale raised a total of $50 million, which was used to fund the development of the Celsius Network platform.
Issuance Volume
The total issuance volume of CEL is 695 million coins. This number was set by the Celsius team during the development of the Celsius Network. The issuance volume is designed to ensure that there is a sufficient supply of CEL coins to meet the needs of the Celsius Network ecosystem.
Circulating Supply
The circulating supply of CEL is approximately 264 million coins. This number represents the amount of CEL coins that are currently in circulation. The circulating supply is constantly changing as new CEL coins are mined and old CEL coins are burned.
Conclusion
The issuance price of CEL was $0.20 per coin, and the total issuance volume is 695 million coins. The circulating supply of CEL is approximately 264 million coins.
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