What is the issuance price of SUPRA coins?

What is the Issuance Price of SUPRA Coins?

SUPRA is a native token of the SupraOracles network, a decentralized oracle platform that provides secure and reliable data feeds for blockchain-based applications. The issuance price of SUPRA coins is a crucial factor influencing their value and accessibility in the cryptocurrency market.

1. Understanding Token Issuance

• Token issuance refers to the creation and distribution of new tokens on a blockchain network.
• It involves setting the initial price, supply, and distribution mechanism for the tokens.
• Issuance prices are typically determined based on various factors, including market demand, project valuation, and tokenomics.

2. SUPRA Coin Issuance Details

• SUPRA coins were issued through an Initial Coin Offering (ICO) in 2018.
• The ICO raised approximately $18 million, with 180 million SUPRA coins sold.
• The issuance price of SUPRA coins during the ICO was $0.10 per coin.

3. Post-ICO Price Movements

• Following the ICO, the price of SUPRA coins experienced volatility, influenced by market trends and project developments.
• The price initially rose significantly, reaching a peak of over $1.20 in early 2018.
• However, it later declined during the crypto market downturn of 2018-2019.

4. Current Price and Market Value

• As of March 2023, the current price of SUPRA coins is approximately $0.04.
• The total market capitalization of SUPRA stands at around $7.2 million.
• The token's price and market value continue to fluctuate based on market conditions and network activity.

5. Factors Influencing Issuance Price

• Project Valuation: The project's overall valuation and prospects influence the initial issuance price.
• Market Demand: The level of interest and demand for the token from investors affects its issuance price.
• Token Economics: The supply, inflation rate, and distribution mechanisms of the token contribute to pricing.
• Market Conditions: General macroeconomic conditions and trends in the cryptocurrency market can impact issuance prices.

6. Impact of Issuance Price

• The issuance price influences the accessibility of the token to investors.
• It sets the initial value and potential for return on investment.
• A higher issuance price may limit early adopter participation, while a lower price can attract a wider audience.