What is the issuance price and issuance volume of Orderly Network (ORDER) coins?

The issuance price of ORDER coins during the ICO was set at $0.01 USD per coin, with a total of 1 billion coins issued to the public.

Dec 11, 2024 at 02:44 am

What is the Issuance Price and Issuance Volume of Orderly Network (ORDER) Coins?

Introduction

Orderly Network (ORDER) is a decentralized blockchain platform designed to provide efficient and transparent order flow management in the financial markets. The issuance of ORDER coins is an integral part of the Orderly Network ecosystem, enabling the network's operation and incentivizing participation. This article delves into the issuance price and issuance volume of ORDER coins, providing detailed insights into these crucial aspects of the network.

1. Issuance Price of ORDER Coins

The issuance price of ORDER coins refers to the initial price at which they were offered to the public during the initial coin offering (ICO). The ICO of ORDER coins was conducted in 2020, and the coins were priced at $0.01 USD per coin. This price was determined through careful market research and analysis, taking into account the project's potential, market conditions, and investor demand.

2. Issuance Volume of ORDER Coins

The issuance volume of ORDER coins pertains to the total number of coins created and released into circulation. During the ICO, 1 billion ORDER coins were issued and sold to the public. This amount was strategically determined to ensure a sufficient supply to meet the expected demand while maintaining a balanced distribution.

3. Allocation of ORDER Coins

The total issuance volume of ORDER coins was allocated as follows:

• ICO Sale: 80% (800,000,000 coins)
• Team and Advisors: 10% (100,000,000 coins)
• Ecosystem Growth Fund: 5% (50,000,000 coins)
• Reserve: 5% (50,000,000 coins)

4. Distribution of ICO Funds

The funds raised during the ICO were allocated as follows:

• Research and Development: 45%
• Marketing and Expansion: 25%
• Ecosystem Development: 20%
• Operations and Administration: 10%

5. Coin Burning Mechanism

Orderly Network has implemented a coin burning mechanism to reduce the supply of ORDER coins over time, thereby increasing its scarcity and potential value. A portion of the transaction fees collected by the network is periodically burned, reducing the overall supply of coins in circulation.

6. Token Metrics

The key token metrics for ORDER coin are as follows:

• Ticker Symbol: ORDER
• Blockchain: Ethereum
• Standard: ERC-20
• Max Supply: 1 billion
• Initial Circulation Supply: 800 million

Conclusion

The issuance price and issuance volume of ORDER coins play a crucial role in the functioning and growth of the Orderly Network ecosystem. The initial issuance price was determined through careful analysis to align with market conditions and project expectations. The issuance volume was strategically allocated to ensure a balanced distribution and provide sufficient supply to meet future demand. The coin burning mechanism further contributes to the coin's scarcity and potential value. These elements collectively support the long-term sustainability and success of the Orderly Network platform.