When was KAIA coin issued?

The KAIA Network launched its native token, KAIA, on October 17, 2021, through an IDO on TrustSwap, offering 10% of the total supply for sale at $0.10 per token.

Dec 07, 2024 at 08:40 pm

When Was KAIA Coin Issued?

The KAIA Network launched its native KAIA token on October 17, 2021, through an initial DEX offering (IDO) on the TrustSwap platform.

Key Points Related to the KAIA Coin Issuance

• Purpose of the KAIA Token: The KAIA token serves as the backbone of the KAIA Network, a decentralized blockchain ecosystem designed for AI and data monetization.
• Token Distribution: During the IDO, a total of 100 million KAIA tokens were offered for sale, representing 10% of the total token supply. The remaining tokens were allocated to various stakeholders, including the KAIA team, early investors, and community members.
• Token Price: The initial token price was set at $0.10 per KAIA token.
• IDO Success: The KAIA IDO was a success, oversubscribing within minutes. It raised approximately $10 million in funding.

Subsequent Developments After Token Issuance

• Listing on Exchanges: Following the IDO, KAIA tokens were listed on several cryptocurrency exchanges, including KuCoin, Gate.io, and MEXC Global.
• Network Development: The KAIA Network team continued to develop and expand the network, adding new features and partnerships.

• Token Utilization: The KAIA token has become an integral part of the KAIA ecosystem, used for various purposes, including:

  • Transaction fees: KAIA tokens are used to pay for transactions and interactions on the KAIA Network.
  • Staking: Token holders can stake their KAIA tokens to contribute to network security and earn rewards.
  • Access to AI services: KAIA tokens can be used to access AI models and services provided by the KAIA Network.
  • Data monetization: KAIA allows individuals to monetize their personal data through the use of its AI-powered data marketplace.
• Community Growth: The KAIA community has grown significantly since the token issuance, with active involvement in governance, network development, and various community initiatives.

Additional Details

• Total Token Supply: The total supply of KAIA tokens is 1 billion, of which 900 million are allocated to the IDO, staking rewards, and ecosystem development.
• Token Standard: The KAIA token is an ERC-20 token built on the Ethereum blockchain.
• Current Value: As of February 15, 2023, the price of KAIA tokens is approximately $0.015, reflecting a market capitalization of approximately $15 million.
• Market Outlook: The KAIA Network and its token have shown potential for future growth, given the increasing demand for AI solutions and data monetization.