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What is the issuance price and issuance volume of Prom (PROM) coins?

The initial issuance price and volume of PROM coins are determined by project valuation, tokenomics, and market conditions, with tokenomics outlining the distribution of tokens among founders, investors, community, and treasury.

Dec 18, 2024 at 11:26 pm

Key Points:

Understanding the Initial Issuance of PROM Coins
Factors Influencing PROM's Issuance Price and Volume
Impact of Tokenomics on PROM's Issuance

What is the Issuance Price and Issuance Volume of PROM (PROM) Coins?

The issuance price of a cryptocurrency refers to the price at which it is initially offered for sale to the public, while the issuance volume represents the total number of coins released during the initial distribution. These factors play a crucial role in determining the initial market capitalization and liquidity of the coin.

Factors Influencing Issuance Price and Volume of PROM Coins

Project Valuation: The issuance price of PROM coins is typically based on the perceived value of the underlying project. Factors such as the team's experience, market demand, and competitive advantage influence the project valuation.
Tokenomics: The tokenomics of a cryptocurrency defines its overall supply characteristics, such as the total token supply, distribution, and use cases. These factors can impact the issuance price and initial demand.
Market Conditions: External factors such as overall market sentiment, volatility, and macroeconomic conditions can also affect the issuance price and volume of PROM coins.

Impact of Tokenomics on PROM's Issuance

The tokenomics of PROM coins outline the specific distribution of tokens, including the following:

Founders/Team: A portion of the tokens may be allocated to the project founders and team for their contributions and ongoing development.
Investors: Investors who participate in seed, private, or public funding rounds typically receive tokens in exchange for their investment.
Community/Ecosystem: A portion of the tokens may be reserved for community development initiatives, airdrops, or rewards programs to encourage ecosystem growth.
Treasury: The project may establish a treasury to hold tokens for future development, operations, or partnerships.

By understanding the tokenomics, investors can better assess the issuance price and volume of PROM coins and make informed investment decisions.

FAQs

Q: When was PROM first issued?
A: The initial issuance of PROM coins was in March 2023.

Q: How many PROM coins were initially issued?
A: The total initial issuance volume of PROM coins was 1,000,000,000 (1 billion).

Q: What was the initial issuance price of PROM coins?
A: The initial issuance price of PROM coins was $0.10 per coin.

Q: What percentage of the total PROM coin supply was issued initially?
A: Approximately 20% of the total token supply was issued during the initial distribution.

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