What is the issuance price of THENA(THE) currency?

The THENA (THE) currency, an ERC-20 token powering a decentralized digital identity platform, was initially issued at $0.025 USD during its 2018 ICO.

Nov 30, 2024 at 05:34 pm

What is the Issuance Price of THENA (THE) Currency?

Understanding THENA (THE) Currency

THENA (THE) is an ERC-20 token that serves as the native cryptocurrency of the THENA ecosystem, a decentralized blockchain platform focused on improving digital identity management and data security. THE tokens are used for various purposes within the ecosystem, including:

• Paying fees for data storage and transactions
• Rewarding network participants for contributions
• Providing incentives for platform development and governance

Issuance Price of THENA (THE) Currency

The issuance price of THENA (THE) currency during its initial coin offering (ICO) in 2018 was $0.025 USD.

Additional Information on THE Currency

• The total supply of THE coins is capped at 1 billion tokens.
• The THE token was designed to provide incentives for participation and contributions to the THENA ecosystem.
• The token's value is influenced by factors such as market demand, platform adoption, and overall cryptocurrency market conditions.
• THENA aims to create a secure and trustworthy digital identity ecosystem, where individuals and organizations can manage and protect their data in a decentralized manner.
• THE tokens are essential for powering the platform's services, such as data storage, identity verification, and reputation management.

Steps to Determine the Issuance Price of a Cryptocurrency

1. Identify the ICO Details: Locate the official website or whitepaper of the cryptocurrency project to obtain information about its ICO.
2. Verify the ICO Date: Note the specific date when the ICO took place, as this will determine the issuance price.
3. Check Token Metrics: Determine the initial price per token during the ICO, as well as the total number of tokens issued.
4. Calculate Issuance Price: Multiply the token price by the total number of tokens issued to calculate the total capital raised during the ICO.
5. Convert to USD: If the ICO was not conducted in USD, convert the raised amount to USD using the applicable exchange rate at the time of issuance.

Understanding the Significance of Issuance Price

The issuance price of a cryptocurrency is a crucial factor that can impact its future value and adoption. It:

• Provides insight into the project's initial valuation and fundraising goals.
• Influences investor sentiment and market expectations.
• Can set a benchmark for future price movements and market capitalization.
• Helps gauge the success of the ICO in terms of capital raised and community interest.