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What is the issuance price of KSM coins?
The initial issuance price of KSM coins during their ICO in 2019 was $0.50, contributing to the initial valuation of the token and influencing its subsequent market performance.
Nov 22, 2024 at 02:22 pm
What is the Issuance Price of KSM Coins?
Background:
KSM, the native token of the Kusama network, is an experimental blockchain platform designed to foster innovation and support cutting-edge projects. As a "canary network" for Polkadot, Kusama serves as a testing ground for new blockchain features and technologies before their deployment on the main Polkadot chain.
Issuance Price of KSM Coins:
The issuance price of KSM coins refers to the price at which they were initially distributed to early supporters and investors during the project's crowdfunding phase. This price is critical for understanding the tokenomics of KSM and its initial valuation.
ICO Details:
KSM coins were first offered through an initial coin offering (ICO) conducted in 2019. The ICO raised a total of $105 million, with KSM coins sold at a price of $0.50 each.
Key Points:
- KSM coins were initially issued at a price of $0.50 during the ICO.
- The ICO raised a total of $105 million, with a total supply of 210 million KSM coins issued.
- The issuance price set the initial valuation of KSM and played a role in determining its subsequent market performance.
Additional Information:
- The current market price of KSM coins may differ significantly from its issuance price due to market fluctuations and supply and demand dynamics.
- KSM coins are used for staking, governance, and transaction fees within the Kusama network.
- The issuance price serves as a reference point for evaluating KSM's investment potential and tracking its price performance over time.
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