What is the issuance price and issuance volume of Electroneum (ETN) coins?

Electroneum (ETN) coins were initially sold at $0.02 per token through an Initial Coin Offering (ICO) that raised $40 million.

Nov 28, 2024 at 05:49 pm

What is the issuance price and issuance volume of Electroneum (ETN) coins?

Understanding Electroneum (ETN)

Electroneum (ETN) is a groundbreaking cryptocurrency designed to make digital currency accessible to the masses. Launched in 2017, ETN aims to bridge the gap between traditional finance and the emerging world of blockchain technology. At its inception, ETN's mission was to empower individuals with limited access to banking services, particularly in developing regions.

Issuance Price of Electroneum (ETN)

The issuance price of Electroneum (ETN) refers to the initial price at which the coin was introduced into the market. This price plays a critical role in determining the potential return on investment for early adopters and establishes a benchmark for future price movements.

• Initial Coin Offering (ICO): Electroneum conducted its ICO in September 2017, selling ETN tokens at a price of $0.02 per token. The ICO raised a total of $40 million, fueling the project's development and mainstream adoption.

Issuance Volume of Electroneum (ETN)

The issuance volume of Electroneum (ETN) represents the total number of coins created and released into circulation. This volume directly influences the scarcity and potential value of the coin in the long term.

• Total Supply: The total supply of Electroneum (ETN) is capped at 21 billion coins. This finite supply ensures that ETN cannot be inflated through excessive coin creation, maintaining its intrinsic value.

Distribution of Electroneum (ETN)

The distribution of Electroneum (ETN) coins plays a crucial role in fostering a fair and equitable distribution of the asset. Electroneum employed a multifaceted approach to ensure widespread adoption and mitigate the risk of centralization.

• Initial Coin Offering (ICO): 50% of the total ETN supply was distributed during the ICO, providing an opportunity for individuals to acquire ETN at an early stage.
• Mining Rewards: 40% of the total ETN supply was allocated to miners who contribute to the security and maintenance of the Electroneum blockchain.
• Community Development Fund: 10% of the total ETN supply was reserved for the Community Development Fund, which supports projects that promote the growth and adoption of Electroneum.

Price Performance and Factors Influencing Value

Since its issuance, Electroneum (ETN) has experienced fluctuations in price, mirroring the dynamic nature of the cryptocurrency market. Several factors have influenced the value of ETN over time:

• Market Sentiment: The overall market sentiment towards cryptocurrencies and blockchain technology impacts the price of ETN, as investors assess the long-term potential and viability of the asset class.
• Adoption and Partnerships: Electroneum's growing adoption rate, strategic partnerships, and increasing merchant acceptance contribute to the demand for ETN, thereby supporting its price.
• Competitors and Market Share: The emergence of competing cryptocurrencies and the dynamics of the overall cryptocurrency market influence the competitive landscape, affecting the demand and value of ETN.
• Regulatory Landscape: Regulatory developments and government policies related to cryptocurrencies can impact the price of ETN by shaping the legal and operating environment.

Conclusion

The issuance price and issuance volume of Electroneum (ETN) coins are fundamental aspects that contribute to the coin's value, supply dynamics, and market performance. Understanding these factors provides investors and stakeholders with insights into the potential return on investment, supply constraints, and overall market dynamics that influence the price of ETN.