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What is the issuance price of POKT coins?
The POKT coin's initial issuance price was $0.003000, established during its 2018 ICO.
Nov 28, 2024 at 03:22 pm
What is the issuance price of POKT coins?
Issuance Price of POKT Coins
The issuance price of POKT coins was $0.003000. This price was set during the initial coin offering (ICO) that was held in October 2018. The ICO raised a total of $2.57 million, and the tokens were sold at a price of $0.003000 each.
Factors Affecting the Issuance Price of POKT Coins
Several factors influenced the issuance price of POKT coins, including:
- Market conditions: The price of POKT coins was set during a period of high volatility in the cryptocurrency market. This likely influenced the price that was set for the ICO.
- Token economics: The token economics of POKT coins also played a role in setting the issuance price. The POKT network uses a Proof-of-Stake (PoS) consensus mechanism, which requires users to stake POKT tokens to participate in the network. This creates scarcity for POKT tokens, which can drive up the price.
- Development roadmap: The team behind POKT has a strong development roadmap, which includes plans to add new features and integrations to the network. This can increase the demand for POKT tokens, which can also drive up the price.
Impact of the Issuance Price on Pokt Network
The issuance price of POKT coins has had a significant impact on the Pokt network. The low issuance price made it possible for a wide range of users to participate in the network, which has contributed to the growth of the community. In addition, the low issuance price has helped create scarcity for POKT tokens, which has driven up the price and made it more attractive for investors.
Conclusion
The issuance price of POKT coins was set at $0.003000 during the ICO that was held in October 2018. Several factors influenced the price, including the market conditions, token economics, and the development roadmap. The issuance price has had a significant impact on the Pokt network, as it has helped to create a strong community and attract investors.
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