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What is the issuance price of XEM coins?
The issuance price of XEM coins during the public sale in 2015 was 0.000227 BTC per token, approximately $0.0062 USD.
Nov 21, 2024 at 10:54 pm
What is the Issuance Price of XEM Coins?
Background
XEM is the native cryptocurrency of the NEM blockchain platform. It serves as a medium of exchange and payment for transactions and services within the NEM ecosystem. Launched in 2015, XEM has gained significant traction due to its advanced features, security, and scalability.
Issuance Price of XEM Coins
The issuance price of XEM coins, often referred to as the initial coin offering (ICO) price, was determined during the public sale of XEM tokens in 2015.
During the ICO, a total of 8.999 billion XEM tokens were offered for sale at a price of 0.000227 BTC (Bitcoin) per token. This translates to an issuance price of approximately $0.0062 USD per XEM token at the time of the ICO.
XEM Token Distribution
The initial distribution of XEM tokens was structured as follows:
- 89.99% (8.099 billion XEM): Reserved for participants in the public sale
- 10% (899.99 million XEM): Held by the NEM Foundation for development and operations
- 0.01% (8.999 million XEM): Allocated to the XEM Community as a community fund
Current Market Value of XEM
Since its launch, XEM has experienced price volatility and reached a peak value of $1.68** USD in 2018. As of March 2023, the market value of XEM is approximately **$0.10 USD.
Factors Influencing XEM Price
The price of XEM is subject to various factors, including:
- Supply and demand: Market forces of supply and demand play a significant role in determining the price of XEM.
- Adoption and usage: Increased adoption and usage of the NEM platform and XEM coins can positively impact its price.
- Market sentiment: The overall sentiment in the cryptocurrency market can influence the price of XEM.
- Competitors: Competition from other cryptocurrencies and blockchain platforms can also impact XEM's price.
- Regulatory considerations: Regulations and policies related to cryptocurrency can influence the price of XEM.
Key Points
- XEM coins were issued at a price of 0.000227 BTC (approximately $0.0062 USD) during the ICO.
- The initial distribution included 89.99% for the public sale, 10% for the NEM Foundation, and 0.01% for the community fund.
- The current market value of XEM is approximately $0.10 USD.
- Factors influencing XEM's price include supply and demand, adoption, market sentiment, competition, and regulations.
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