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What is the issuance price of Orchid Protocol (OXT) coins?
The issuance price of Orchid Protocol (OXT) was $0.06825 per coin, representing the initial value of the tokens during the 2019 initial coin offering (ICO).
Nov 30, 2024 at 10:14 pm
What is the Issuance Price of Orchid Protocol (OXT) Coins?
Orchid Protocol (OXT) is a decentralized virtual private network (VPN) that enables users to anonymously browse the internet. The OXT token is the native cryptocurrency of the Orchid Protocol, and it is used to pay for VPN services on the network.
The issuance price of OXT coins was $0.06825 per coin. The initial coin offering (ICO) for OXT was held in November 2019, and the tokens were sold to investors at a price of $0.06825 per coin. The ICO raised a total of $4.7 million USD.
The issuance price of OXT coins is significant because it represents the value of the tokens at the time of the ICO. The issuance price is also used to calculate the market capitalization of the Orchid Protocol, which is the total value of all OXT coins in circulation.
Why is the Issuance Price of OXT Coins Important?
The issuance price of OXT coins is important for a number of reasons. First, it represents the value of the tokens at the time of the ICO. This information can be used to track the performance of the tokens over time and to assess their investment potential.
Second, the issuance price is used to calculate the market capitalization of the Orchid Protocol. The market capitalization is a measure of the size of the Orchid Protocol ecosystem and its potential market value.
Third, the issuance price can be used to compare the Orchid Protocol to other VPN providers. This information can help users to decide which VPN provider is right for them.
How to Calculate the Issuance Price of OXT Coins
The issuance price of OXT coins can be calculated using the following formula:
Issuance price = Total funds raised / Total number of tokens issuedIn the case of the Orchid Protocol, the total funds raised in the ICO was $4.7 million USD, and the total number of tokens issued was 683,466,300 OXT. Therefore, the issuance price of OXT coins was:
Issuance price = $4.7 million USD / 683,466,300 OXT = $0.06825 per coinConclusion
The issuance price of OXT coins is $0.06825 per coin. This information is important for a number of reasons, including tracking the performance of the tokens over time, calculating the market capitalization of the Orchid Protocol, and comparing the Orchid Protocol to other VPN providers.
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