What is the issuance price and issuance volume of Orion Protocol (ORN) coins?

Orion Protocol (ORN) was initially issued in 2019 through a private sale at a price of $0.02 per coin, raising approximately $1.8 million and laying the foundation for the protocol's development.

Dec 01, 2024 at 11:50 am

Understanding Orion Protocol Coin (ORN): Issuance Price, Volume, and Key Metrics

Introduction

Orion Protocol, a pioneering decentralized liquidity aggregator, has gained significant traction in the blockchain ecosystem. Its native cryptocurrency, ORN, plays a crucial role in powering the protocol's operations. This article delves into the details of ORN's issuance price, issuance volume, and other relevant metrics to provide a comprehensive understanding of the coin's financial aspects.

Issuance Price of Orion Protocol (ORN)

• ORN was initially issued in 2019 through a private sale with a price of $0.02 per coin.
• The private sale raised approximately $1.8 million, laying the foundation for the protocol's development.

Issuance Volume of Orion Protocol (ORN)

• ORN has a total發行量 of 100,000,000 coins.
• Out of the total supply, 75% (75,000,000 coins) were issued during the private sale and token sale.
• The remaining 25% (25,000,000 coins) are allocated to the Orion Foundation for ecosystem development, marketing, and ongoing operations.

Other Key Metrics

• Market Cap: As of September 2023, ORN's market capitalization stands at approximately $60 million, reflecting the collective value of all outstanding ORN coins.
• Trading Volume: ORN has a daily trading volume of around $5 million, indicating active liquidity in the market.
• Listing on Exchanges: ORN is listed on several major cryptocurrency exchanges, including Binance, Huobi, and OKX, ensuring accessibility to a broad user base.

Implications of Issuance Price and Volume

• The low issuance price of $0.02 per coin during the private sale allowed early investors to acquire a significant stake in the project at a relatively low cost.
• The limited issuance volume ensures that ORN remains a relatively scarce asset, potentially contributing to its value appreciation over time.
• The distribution of tokens between the private sale, token sale, and Orion Foundation aligns with the protocol's dual priorities of raising funds for development while retaining a portion for long-term support and growth.

Conclusion

The issuance price and volume of Orion Protocol (ORN) coins are fundamental aspects that shape the coin's financial dynamics. The initial private sale price of $0.02 provided early investors with favorable entry points, while the limited issuance volume reinforces ORN's potential for value growth. The metrics presented in this article provide a comprehensive understanding of ORN's financial characteristics, empowering investors and stakeholders to make informed decisions in the ever-evolving blockchain landscape.