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What is the issuance price and issuance volume of EDU coins?
EDU coins, the native token of the EduDAO platform, were initially priced at $0.01 USD with an issuance volume of 1 billion tokens.
Nov 24, 2024 at 02:18 am
What is the issuance price and issuance volume of EDU coins?
EDU coins are the native token of the educational platform EduDAO. They are used to reward users for their contributions to the platform, such as creating and sharing educational content, participating in discussions, and moderating the community. EDU tokens are also used to govern the platform, with holders having the right to vote on proposals that affect the platform's development.
Issuance price
The issuance price of EDU coins was $0.01 USD. This price was set during the initial coin offering (ICO) that was held in June 2018. A total of 100 million EDU coins were sold during the ICO, raising $1 million USD.
Issuance volume
The issuance volume of EDU coins is 1 billion tokens. Of these tokens, 100 million tokens were sold during the ICO, and the remaining 900 million tokens are held in reserve by EduDAO. The reserve tokens will be released over time to fund the development of the platform and to reward users for their contributions.
Use cases of EDU coins
EDU coins have a variety of use cases within the EduDAO platform. These use cases include:
- Rewards: EDU coins are used to reward users for their contributions to the platform. This includes creating and sharing educational content, participating in discussions, and moderating the community.
- Governance: EDU coins are used to govern the platform. Holders of EDU tokens have the right to vote on proposals that affect the platform's development.
- Payments: EDU coins can be used to pay for goods and services within the EduDAO ecosystem. This includes purchasing educational content, subscribing to premium memberships, and tipping content creators.
- Staking: EDU coins can be staked to earn rewards. Staking is the process of locking up your EDU coins for a period of time in order to support the network. In return for staking your EDU coins, you will earn rewards in the form of new EDU coins.
How to buy EDU coins
EDU coins can be purchased on a variety of cryptocurrency exchanges. Some of the most popular exchanges that list EDU coins include:
- Binance
- KuCoin
- Gate.io
- Uniswap
- PancakeSwap
Conclusion
EDU coins are the native token of the EduDAO platform. They are used to reward users for their contributions to the platform, govern the platform, and pay for goods and services within the EduDAO ecosystem. EDU coins can be purchased on a variety of cryptocurrency exchanges.
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