What is the issue price of FXS coins? Introduction to the issue price and issue quantity of FXS coins

FXS coins, initially issued at $20.08, saw a discounted release schedule over three years, with a total maximum issuance of 2 billion coins.

Oct 01, 2024 at 10:30 pm

1. FXS Coin Issuance Price

FXS coins were initially issued at a price of $20.08 on August 31, 2020.

2. FXS Coin Issuance Quantity and Discounted Release Plan

FXS coins had a total maximum issuance of 2 billion. Notably, the coins were not fully released at once but rather distributed over three years according to a discounted schedule:

Year 1: 900 million FXS coins were released at $20.08 each.
Year 2: 720 million FXS coins were released at $25.10 each (a 25% premium over the initial price).
Year 3: 380 million FXS coins were released at $31.38 each (a 56% premium over the initial price).

This discounted release plan was intended to incentivize early adopters and contribute to the project's long-term growth and stability.

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