What Is The Syscoin (SYS) Coin Issuance Price?

Syscoin's initial issuance price of $0.005 USD set the foundation for the coin's market value and influenced early investor perception.

Dec 19, 2024 at 02:16 pm

Syscoin (SYS) Issuance Price: Comprehensive Overview

Key Points:

• Syscoin's Issuance Price
• Impact on SYS Market Value
• Factors Influencing SYS Issuance Price

Syscoin's Issuance Price

The issuance price of Syscoin (SYS) refers to the initial price at which the coin was sold to the public during its initial coin offering (ICO). This price establishes the coin's initial value in the cryptocurrency market and serves as a benchmark for future price fluctuations.

When Syscoin conducted its ICO in December 2014, the issuance price was set at **$0.005 USD per SYS**. Approximately 25% of the total SYS supply was offered during the ICO, raising a total of $625,000. The remaining SYS tokens were allocated for team development, marketing, and future endeavors.

Impact on SYS Market Value

The issuance price plays a crucial role in determining the initial market value of a cryptocurrency. It essentially provides the first impression of the coin's worth and influences the perception of early investors and the broader market.

In the case of Syscoin, the low issuance price allowed for a large number of tokens to be acquired at a highly affordable cost. This affordability encouraged widespread participation in the ICO and contributed to the establishment of a strong initial foundation for the coin.

Factors Influencing SYS Issuance Price

Numerous factors can influence the issuance price of a cryptocurrency, including:

• Supply and demand: The issuance price is determined by the balance between the number of tokens available and the number of buyers interested in acquiring them.
• Market conditions: Favorable market conditions characterized by high investor demand can lead to a higher issuance price, while bearish markets may result in a lower price.
• Competition: The issuance price can be influenced by the presence of competing cryptocurrencies with similar features or use cases.
• Team reputation: A reputable development team with a strong track record can instill confidence in investors, potentially leading to a higher issuance price.
• Tokenomics: The distribution plan for the tokens after the ICO, including the allocation for the founding team, advisors, and the community, can impact the issuance price.

FAQs

Q: When was the Syscoin ICO held?
A: December 2014

Q: What was the price per SYS token during the ICO?
A: $0.005 USD

Q: What percentage of the total SYS supply was sold during the ICO?
A: 25%

Q: How much money was raised during the Syscoin ICO?
A: $625,000

Q: Why was the Syscoin issuance price set so low?
A: To encourage widespread participation and establish a strong initial foundation.