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What is the issuance price and issuance volume of NKN coins?
The NKN coin was initially issued at an issuance price of $0.07, with a total supply of 900 million tokens after a network upgrade.
Nov 29, 2024 at 05:31 pm
What is the Issuance Price and Issuance Volume of NKN Coins?
Introduction
NKN (New Kind of Network) is a decentralized network that enables the creation and management of private networks using public blockchain technology. The NKN network is powered by NKN coins, which are used to incentivize users to participate in network activities such as node operation, data forwarding, and bandwidth sharing.
Issuance Price
The NKN coins were initially issued through an initial coin offering (ICO) in November 2018. The issuance price of NKN coins was $0.07 per coin. The ICO raised a total of $4.5 million from the sale of 60 million NKN coins.
Issuance Volume
The initial issuance volume of NKN coins was 100 million tokens. However, due to a network upgrade in 2020, the maximum supply of NKN coins was reduced to 900 million tokens. The remaining 100 million NKN coins were burned.
Token Distribution
The distribution of NKN coins is as follows:
- 60% ICO sale
- 20% Team and advisors
- 20% Community development
Conclusion
The issuance price and issuance volume of NKN coins are important factors to consider when evaluating the potential of the NKN network. The issuance price of $0.07 per coin was relatively low, which attracted a large number of investors to the ICO. The issuance volume of 100 million tokens was also relatively small, which has helped to maintain the value of the NKN coin.
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