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What is the issuance price and issuance volume of LUMIA coins?
The issuance price of LUMIA coins was set at 0.05 USD during the project's initial coin offering (ICO) in 2018.
Dec 11, 2024 at 03:19 pm
What is the Issuance Price and Issuance Volume of LUMIA Coins?
Introduction
LUMIA is a decentralized, open-source blockchain platform designed to provide a secure and scalable infrastructure for decentralized applications (dApps). The platform's native cryptocurrency, LUMIA, is used for gas fees, staking, and governance.
Issuance Price
The issuance price of LUMIA is 0.05 USD per coin. This price was set during the project's initial coin offering (ICO) in 2018.
Issuance Volume
The total issuance volume of LUMIA is 1 billion coins. Of these coins, 50% were sold during the ICO, 20% are reserved for the development team, 20% are reserved for the foundation, and 10% are reserved for ecosystem development.
Distribution of LUMIA Coins
The distribution of LUMIA coins is as follows:
- ICO: 500 million coins (50%)
- Development team: 200 million coins (20%)
- Foundation: 200 million coins (20%)
- Ecosystem development: 100 million coins (10%)
Use Cases for LUMIA Coins
LUMIA coins are used for a variety of purposes within the LUMIA ecosystem, including:
- Gas fees: LUMIA coins are used to pay for gas fees on the LUMIA blockchain. Gas fees are required to execute smart contracts and perform transactions on the network.
- Staking: LUMIA coins can be staked to earn rewards. Staking helps to secure the network and validate transactions.
- Governance: LUMIA coins can be used to vote on governance proposals that affect the future of the LUMIA platform.
Conclusion
The issuance price of LUMIA coins is 0.05 USD per coin. The total issuance volume of LUMIA is 1 billion coins. LUMIA coins are used for a variety of purposes within the LUMIA ecosystem, including gas fees, staking, and governance.
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