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Who issued the Alephium (ALPH) coin?
The Alephium coin (ALPH) was issued through a fair launch conducted by the Alephium Foundation, with an initial coin offering (ICO) in March 2022 and a genesis block creation on May 27, 2022.
Dec 14, 2024 at 06:31 pm
Who Issued the Alephium (ALPH) Coin?
Alephium is a decentralized blockchain platform that combines the privacy of Monero with the scalability of Ethereum. It features a unique Proof-of-Work (PoW) consensus mechanism called "Alphium Consensus" that ensures both security and anonymity. The ALPH coin is the native cryptocurrency of the Alephium blockchain, used for transaction fees, staking, and governance.
Issuance of the Alephium (ALPH) Coin
The Alephium coin was issued through a fair launch conducted by the Alephium Foundation, a non-profit organization responsible for the development and governance of the Alephium ecosystem.
- Initial Coin Offering (ICO): The Alephium Foundation conducted an ICO in March 2022, raising a total of $7.1 million. The ICO tokens represented a portion of the total ALPH coin supply, which was limited to 100 million.
Token Distribution: The ALPH tokens distributed during the ICO were allocated as follows:
- 50% to token purchasers
- 30% to the Alephium Foundation for development and operations
- 15% to early supporters and contributors
- 5% to the community reserve
- Genesis Block: The Alephium blockchain was launched on May 27, 2022, with the creation of the genesis block. The genesis block contained an initial allocation of ALPH coins to the Foundation, early supporters, and team members.
- Mining: New ALPH coins are created through a process called mining, where miners compete to solve complex cryptographic puzzles and validate new blocks on the blockchain. Miners are rewarded with newly minted ALPH coins, proportional to their contribution to the mining process.
- Staking: ALPH holders can participate in staking by locking their coins in a dedicated staking pool. Staking helps secure the blockchain and allows participants to earn staking rewards in the form of additional ALPH coins.
Additional Notes:
- The Alephium Foundation retains control of a significant portion of the ALPH coin supply for use in ecosystem development and governance.
- The ALPH coin is not pre-mined, meaning that it was not distributed to any individuals or entities prior to the ICO.
- The fair launch and transparent token distribution process ensure that the Alephium coin is widely distributed and not subject to centralized control.
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