What is the issue price and supply volume of Highstreet (HIGH) coins?

The issue price of Highstreet (HIGH) coins during the ICO was $0.05, establishing the initial value of the tokens in the market.

Dec 15, 2024 at 10:50 pm

Highstreet (HIGH) Coin: Issue Price, Supply Volume, and Essential Details

Issue Price

The issue price of Highstreet (HIGH) coins refers to the initial price at which the tokens were sold to the public during the initial coin offering (ICO) phase. Understanding the issue price is crucial as it provides insights into the perceived value of the project at its inception.

• During the ICO conducted in December 2021, HIGH coins were offered at an issue price of $0.05. This price represented the starting point for the token's value in the market.

Supply Volume

The supply volume of Highstreet (HIGH) coins refers to the total number of tokens created and available in the market. This information is essential for assessing the token's scarcity and potential market capitalization.

• The maximum supply of HIGH coins is set at 10 billion tokens. This supply cap is predetermined and cannot be altered, ensuring the scarcity of the token.
• Out of the total supply, approximately 2.3 billion HIGH coins were in circulation during the ICO phase, representing 23% of the overall supply.

Additional Essential Details

Beyond the issue price and supply volume, there are several other essential details regarding Highstreet (HIGH) coins:

1. Token Utility:

• HIGH coins serve as the native utility token within the Highstreet ecosystem. They are used for:

  • Governance: Holders can participate in the governance of the platform and vote on proposals related to its development and management.
  • Medium of Exchange: HIGH coins can be utilized as the primary currency within the Highstreet metaverse for purchasing virtual land, goods, and services.
  • Staking Rewards: Users can stake their HIGH coins to earn rewards and support the security and functionality of the network.

2. Market Performance:

• Since the ICO, HIGH coins have experienced significant price fluctuations. The all-time high price reached $1.78 on November 1, 2021, reflecting strong market sentiment.
• However, the token has also seen substantial declines due to broader market conditions and project-specific factors. As of February 8, 2023, HIGH coins are trading at $0.074, a significant decrease from the issue price.

3. Use Cases:

• Highstreet is a metaverse platform that aims to bridge the gap between the physical and digital realms. It offers a virtual shopping experience where users can interact with brands, purchase digital assets, and socialize within a 3D virtual world.
• HIGH coins play a vital role within this ecosystem, enabling users to make in-world purchases, participate in governance, and tap into the platform's offerings.

4. Tokenomics:

• The allocation of HIGH coins has been carefully designed to ensure a fair distribution and support the long-term development of the project.
• The distribution includes allocations for the team, advisors, investors, and community incentives, ensuring a diverse and engaged stakeholder base.

5. Security:

• Highstreet utilizes various security measures, including smart contract audits, to safeguard the platform and its users. The token's smart contract has been designed to prevent unauthorized access, manipulation, or theft.
• The project's ongoing development and community support also contribute to the overall security and integrity of the ecosystem.