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What is the issuance price of REN coins?
REN coins were initially issued in an ICO in August 2017 at a price of $0.10 USD.
Nov 28, 2024 at 03:20 pm
What is the Issuance Price of REN Coins?
Understanding Token Issuance
A token issuance is the initial release of a cryptocurrency or digital token to the public. It involves selling a certain number of tokens at a predetermined price to raise funds for the project behind the token.
REN Coins Issuance
REN coins (REN) were issued through an initial coin offering (ICO) conducted in August 2017. The ICO raised approximately $34 million in ETH and BTC.
Issuance Price
The issuance price of REN coins was $0.10 USD.
Token Distribution
During the ICO, 51% of the total REN token supply was sold to investors. The remaining 49% was allocated to the REN team, advisors, and the community development fund.
Initial Market Capitalization
Based on the issuance price and the total number of tokens sold, REN's initial market capitalization was approximately $3.4 million USD.
Token Performance Since Issuance
Since its issuance, REN has experienced significant price fluctuations, driven by market conditions, project developments, and industry adoption. Here's a summary of its performance:
- All-time high: $0.966 (May 3, 2021)
- All-time low: $0.006 (March 13, 2020)
Factors Affecting Issuance Price
Several factors can influence the issuance price of a cryptocurrency, including:
- Project valuation: The perceived value of the underlying project and its potential for success.
- Market demand: The level of investor interest and demand for the token at the time of issuance.
- ICO structure: The terms of the ICO, such as the distribution of tokens, lock-up periods, and fund allocation.
- Market conditions: The overall state of the cryptocurrency market and economic climate.
Implications of Issuance Price
The issuance price of a token has implications for investors and the project itself:
- Early investors: Investors who purchase tokens at the issuance price have the potential for higher returns if the token's value appreciates.
- Raising capital: A higher issuance price can facilitate the project's fundraising efforts.
- Token distribution: The price and availability of tokens during issuance influence their subsequent distribution and liquidity.
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