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What is the issuance price and issuance volume of KNC coins?
At its initial coin offering in September 2017, KNC coins were issued at a price of $0.184 per token, with the ICO raising a total of $52.4 million.
Nov 23, 2024 at 06:37 am
What is the Issuance Price and Issuance Volume of KNC Coins?
Introduction
KNC coins, the native utility token for the Kyber Network, are used to power the decentralized exchange (DEX) platform by facilitating transactions and rewarding participants. Understanding the issuance price and volume of KNC coins is crucial for traders, investors, and network participants.
Issuance Price
- Initial Coin Offering (ICO) Price: KNC coins were initially issued through an ICO in September 2017, with a price of $0.184 per KNC token.
- ICO Fundraise: The ICO raised a total of $52.4 million from investors, selling approximately 284,373,042 KNC tokens.
Issuance Volume
- Total Supply: The maximum issuance volume of KNC coins is capped at 226,000,000 coins.
- Circulating Supply: As of February 2023, approximately 166,823,687 KNC tokens are in circulation.
- Reserve: The remaining portion of the total supply, approximately 59,176,313 KNC tokens, is held in reserve by the Kyber Network team and used for various purposes, such as ecosystem development and incentivization.
Distribution of KNC Coins
- ICO Allocation: A total of 60% of the total KNC supply was allocated to the ICO participants.
- Team Allocation: The Kyber Network team reserved 20% of the total KNC supply, with a vesting period of three years.
- Ecosystem Development: The remaining 20% was allocated to ecosystem development and incentivization programs.
Impact of Issuance Price and Volume
- Token Value: The issuance price and volume of KNC coins influence the token's market value and price fluctuations.
- Liquidity: The circulating supply affects the liquidity of KNC coins, which is important for efficient trading and market stability.
- Network Adoption: The issuance volume and distribution of KNC coins impact the adoption and utilization of the Kyber Network platform.
Conclusion
The issuance price and volume of KNC coins play a significant role in understanding the tokenomics of the Kyber Network ecosystem. The initial ICO price and the total supply cap of 226,000,000 coins provide insights into the initial valuation and distribution of the token. The circulating supply and reserve allocation further influence the token's price and liquidity dynamics, while the ecosystem development allocation supports the growth and adoption of the Kyber Network platform.
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