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What is the issuance price of MVL (MVL) coins?
The issuance price of MVL (MVL) coins, the native utility token of the Merit Circle platform, was initially set at $1.50 per coin during the project's ICO in November 2021.
Dec 16, 2024 at 03:12 am
What is the Issuance Price of MVL (MVL) Coins?
Introduction
MVL (MVL) is a native utility token of the Merit Circle platform, a decentralized autonomous organization (DAO) that enables gaming enthusiasts to invest in and manage play-to-earn (P2E) games. The token plays a vital role in the Merit Circle ecosystem, primarily incentivizing participation in the platform's various initiatives.
Issuance Price of MVL Coins
The issuance price of MVL coins, which refers to the price at which they were initially offered to the public, was $1.50 per MVL coin. This issuance price was set during Merit Circle's initial coin offering (ICO) held in November 2021.
Factors Influencing Issuance Price
Several factors influence the issuance price of cryptocurrency tokens, including:
- Project valuation: The perceived value of the underlying project and its potential for growth determines the initial token price.
- Market demand: The level of interest and demand for the token from investors and the general public.
- Tokenomics: The token's economics, such as its total supply, distribution, and utility, affect its initial value.
- Competition: The presence of competing projects and their token prices influence the issuance price.
MVL Tokenomics
The issuance price of MVL tokens was influenced by the following tokenomics:
- Total supply: 1,000,000,000 MVL tokens.
Token distribution:
- 35% for public sale (ICO).
- 30% for the team and advisors.
- 20% for the Merit Circle DAO treasury.
- 10% for partnerships and ecosystem development.
- 5% for liquidity and marketing.
Token utility:
- Governance and voting rights within the Merit Circle DAO.
- Staking rewards and incentives for community participation.
- Access to exclusive features and benefits on the Merit Circle platform.
Conclusion
The issuance price of MVL coins was set at $1.50 per MVL coin during the Merit Circle ICO in November 2021. This price was determined based on the factors outlined above, including the project's valuation, market demand, tokenomics, and competition. The issuance price played a crucial role in the initial distribution of MVL tokens and has since influenced their market value.
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