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What is the issuance price and issuance volume of Spectral (SPEC) coins?
The issuance price of Spectral (SPEC) coins was set at $0.025 per token during its initial coin offering (ICO) in 2018, with a total issuance volume of 10 billion tokens.
Dec 09, 2024 at 03:23 am
What is the Issuance Price and Issuance Volume of Spectral (SPEC) Coins?
Spectral (SPEC) is a utility token that powers the Spectral platform, a decentralized network for building and deploying blockchain applications. SPEC tokens are used to pay for transaction fees, stake for rewards, and participate in governance decisions on the platform.
Issuance Price
The issuance price of SPEC coins was $0.025 per token. This price was set during the token's initial coin offering (ICO), which was held in 2018.
Issuance Volume
The total issuance volume of SPEC coins is 10 billion tokens. Of this amount, 50% was sold during the ICO, 20% was reserved for the team and advisors, and 30% was allocated to the Spectral Foundation.
Distribution of SPEC Coins
The distribution of SPEC coins is as follows:
- ICO: 50%
- Team and advisors: 20%
- Spectral Foundation: 30%
Use Cases of SPEC Coins
SPEC coins are used for a variety of purposes on the Spectral platform, including:
- Transaction fees: SPEC coins are used to pay for transaction fees on the Spectral platform. These fees are used to compensate validators for their work in securing the network.
- Staking: SPEC coins can be staked to earn rewards. Staking helps to secure the network and ensures that validators are aligned with the interests of the community.
- Governance: SPEC coins are used to participate in governance decisions on the Spectral platform. Holders of SPEC coins can vote on proposals that affect the development and direction of the platform.
Conclusion
SPEC coins are an important part of the Spectral ecosystem. They are used to pay for transaction fees, stake for rewards, and participate in governance decisions on the platform. The issuance price of SPEC coins was $0.025 per token, and the total issuance volume is 10 billion tokens.
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