Cryptocurrencies

Text

The issuance price and total issuance of GLM coins are understood in one article

The Graph's native cryptocurrency, GLM, initially sold for $0.03 per token in a 2019 private sale, with a total supply limit of 10 billion.

Oct 15, 2024 at 08:18 pm

GLM Coin: Issuance Price and Total Issuance

The Graph (GLM) coin is the native cryptocurrency of The Graph, a decentralized blockchain-based protocol for indexing and querying data from blockchain networks. GLM is used to reward indexers who contribute to the network by providing data, and to incentivize staking and other governance-related activities.

1. Issuance Price

GLM was initially issued in a private token sale in October 2019 at a price of $0.03 USD per token.

2. Total Issuance

The total supply of GLM coins is limited to 10 billion.

3. Token Distribution

48.3% - Initial Token Sale
32.4% - Indexer Rewards
16.7% - The Graph Team
2.6% - Seed Investors

4. Current Value

As of March 2023, the current market price of GLM is approximately $0.15 USD.

5. Conclusion

GLM is a key component of The Graph ecosystem, and its issuance price and total issuance determine the supply and distribution of the token. The current market price of GLM reflects the demand for the token and the overall health of the decentralized data ecosystem.

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