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What is the issuance price of PENDLE coin?
The PENDLE token, the native utility token of the PENDLE decentralized finance protocol, was issued in a public sale at an initial price of $0.05 per token.
Dec 08, 2024 at 01:30 pm
What is the issuance price of PENDLE coin?
Introduction
PENDLE is a decentralized finance (DeFi) protocol that allows users to create and trade options contracts. The PENDLE token is the native utility token of the PENDLE protocol. It is used to pay for gas fees, participate in governance, and earn rewards.
Issuance Price of PENDLE Coin
The issuance price of PENDLE coin was $0.05 per token. The token was sold in a public sale on September 23, 2021. A total of 100 million PENDLE tokens were sold in the public sale, raising $5 million.
Token Distribution
The PENDLE token distribution is as follows:
- 25% - Public sale
- 25% - Team and advisors
- 25% - Ecosystem fund
- 25% - Reserve
Token Use Cases
The PENDLE token has a number of use cases, including:
- Paying for gas fees: PENDLE tokens can be used to pay for gas fees on the PENDLE protocol.
- Participating in governance: PENDLE token holders can participate in the governance of the PENDLE protocol by voting on proposals.
- Earning rewards: PENDLE token holders can earn rewards by staking their tokens on the PENDLE protocol.
Token Economics
The PENDLE token has a total supply of 1 billion tokens. The token is designed to be deflationary, meaning that the supply of tokens will decrease over time. This is because PENDLE tokens are burned when they are used to pay for gas fees and when they are staked on the PENDLE protocol.
Investment Potential
The PENDLE token is a high-risk, high-reward investment. The token has the potential to generate significant returns, but it is also possible that the token could lose value. Investors should carefully consider their risk tolerance and investment goals before investing in the PENDLE token.
Conclusion
The PENDLE token is a new and innovative token that has the potential to revolutionize the DeFi options market. The token has a number of use cases, including paying for gas fees, participating in governance, and earning rewards. The token is also designed to be deflationary, which means that the supply of tokens will decrease over time. Investors should carefully consider their risk tolerance and investment goals before investing in the PENDLE token.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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