What is the issuance price and issuance volume of ViciCoin (VCNT)?

During its 2021 ICO, ViciCoin (VCNT) was issued at $0.05 per token, with an initial supply of 100 million tokens, contributing to a current market capitalization of $12 million.

Jan 07, 2025 at 02:43 am

Key Points:

• Understanding ViciCoin's (VCNT) Issuance Price and Volume
• VCNT's Initial Coin Offering (ICO) Parameters
• Current Market Value and Market Cap of VCNT
• Factors Influencing VCNT's Issuance Price and Volume
• Impact of VCNT's Issuance on Market Dynamics

Issuance Price and Volume of ViciCoin (VCNT)

ViciCoin (VCNT) is a cryptocurrency that was launched through an Initial Coin Offering (ICO) in 2021. The ICO parameters, including the issuance price and issuance volume, play a crucial role in determining the initial supply and valuation of the coin. Here is an in-depth breakdown:

1. ICO Parameters:

• Issuance Price: During the ICO, each VCNT token was offered at a price of $0.05. This price was set to attract early adopters and establish a baseline value for the coin.
• Issuance Volume: The total issuance volume of VCNT during the ICO was 100 million tokens. This represented the initial supply of VCNT available to investors.

2. Current Market Value and Market Cap:

Since the ICO, the market value of VCNT has fluctuated due to supply and demand dynamics. As of [date], the price of VCNT is $0.12, with a market capitalization of approximately $12 million.

3. Factors Influencing Issuance Price and Volume:

The issuance price and volume of VCNT were determined by several factors, including:

• Project Development: The issuance parameters aimed to raise sufficient funds for ongoing project development and expansion.
• Market Conditions: The ICO was conducted during a period of increased interest in cryptocurrency investments, which provided a favorable environment for token sales.
• Competitive Market Landscape: The pricing and issuance volume were influenced by the competitive landscape of other ICOs at the time.

4. Impact on Market Dynamics:

The issuance of VCNT into the market introduced a new cryptocurrency into the ecosystem. The initial supply and pricing had an impact on:

• Market Volatility: The introduction of VCNT increased the overall supply of cryptocurrencies, which can contribute to price fluctuations in the market.
• Investor Sentiment: The initial success of the ICO signaled positive investor sentiment towards the project and its potential growth prospects.
• Trading Volume: The issuance of VCNT generated additional trading volume in the cryptocurrency market.

FAQs:

What is the purpose of VCNT?

VCNT is a token that powers the Vici Network, a blockchain-based platform for decentralized gaming and eSports competitions.

What is the total supply of VCNT?

The total issuance volume of VCNT is 100 million tokens.

What are the key features of Vici Network?

Vici Network enables the creation of tournaments, player engagement, and in-game tournaments, and token-based rewards.

What is the future outlook for VCNT?

The future growth and adoption of Vici Network will impact the value and demand for VCNT tokens.