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What is the issuance price of Origin Token (OGN)?
The issuance price of Origin Token was set at $0.10 during its public token sale in October 2017, significantly impacting the ecosystem's valuation and attracting early investors.
Nov 29, 2024 at 10:56 am
Origin Token (OGN): Issuance Price and Key Details
Issuance Price of Origin Token (OGN)
The issuance price of Origin Token (OGN) was determined through a public token sale held on October 23, 2017. The sale raised a total of $15 million, with each OGN token sold for $0.10.
How to Calculate OGN Token Issuance Price
The issuance price of OGN was calculated as follows:
Total funds raised: $15,000,000
Number of OGN tokens sold: 150,000,000
Issuance price: $15,000,000 / 150,000,000 = $0.10
Factors Affecting OGN Token Issuance Price
Several factors influenced the issuance price of OGN, including:
- Market conditions: The overall state of the cryptocurrency market at the time of the sale influenced the willingness of investors to purchase OGN tokens.
- Token utility: The perceived value and utility of OGN tokens within the Origin Protocol ecosystem impacted their desirability among investors.
- Team and project reputation: The track record and credibility of the Origin Protocol team and project played a role in investor confidence and the issuance price.
- Token supply: The initial supply of OGN tokens released during the sale influenced the price per token.
Implications of OGN Token Issuance Price
The issuance price of OGN had several implications for the subsequent development and adoption of the Origin Protocol ecosystem:
- Initial valuation: The issuance price established an initial valuation for the Origin Protocol ecosystem and provided a benchmark for future price movements.
- Investor engagement: The success of the token sale attracted early investors and community members to the Origin Protocol project.
- Ecosystem growth: The funds raised through the sale supported the development of the Origin Protocol platform and the expansion of its ecosystem.
Conclusion
The issuance price of Origin Token (OGN) was established through a public token sale held in October 2017. The price of $0.10 per token was influenced by market conditions, token utility, team reputation, and token supply. The issuance price had implications for the initial valuation, investor engagement, and the growth of the Origin Protocol ecosystem.
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