When was SSV coin issued? Learn about the origin of SSV coin in one article

The SSV token, a governance and staking currency for the SSV Network, debuted on Binance Launchpad on March 15, 2022.

Oct 01, 2024 at 03:17 pm

1. SSV Coin: Origins and Issuance Date

1.1. Project Concept

SSV Network is a distributed validator technology platform that allows users to participate in blockchain validation without the need for expensive and dedicated hardware infrastructure.

1.2. SSV Token (SSV)

SSV is the native token of the SSV Network. It serves as a governance token for the protocol, allowing holders to vote on network decisions. Additionally, SSV is rewarded to network participants who provide computing resources and contribute to the validation process.

1.3. Issuance Date

The SSV token was officially launched on March 15, 2022, via Binance Launchpad.

2. Token Distribution

The SSV token distribution was designed to incentivize early adopters and support the long-term growth of the SSV Network:

Private Sale: 28%
Binance Launchpad: 9%
Seed Round: 18%
Team: 18%
Foundation: 9%
Ecosystem Fund: 9%
Rewards: 9%

3. Utility and Governance

The SSV token plays a vital role in the SSV Network's ecosystem:

Governance: SSV holders can propose and vote on protocol updates and changes to the distribution of rewards.
Staking: Users can stake SSV to participate in the validation process and earn rewards.
Fees: Certain network transactions may require payment in SSV.
Incentivization: Token rewards incentivize individuals and organizations to contribute their resources to the SSV Network.

4. Current Market Status (As of June 2023)

Price: $0.19
Market Cap: $19 million
Circulating Supply: 99 million
Max Supply: 500 million

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

ALCH

$0.0798

23.15%

Trade Now
WHITE

$0.0...07792

23.05%

Trade Now
CUDOS

$0.0100

18.88%

Trade Now
EOS

$0.8012

17.36%

Trade Now
MEW

$0.0030

15.26%

Trade Now
0x0

$0.1150

11.02%

Trade Now

Latest Crypto News

Altcoins Nosedive Up to 50% On Binance, Sparking Confusion Among Investors
2025-04-02 18:35:12
EOS Price Soars Nearly 20% as Vaulta Banking Initiative Boosts Investor Confidence
2025-04-02 18:35:12
EOS (VAULT) Price Surges 20% as the Network Unveils Its Vaulta Banking Advisory Council
2025-04-02 18:30:12
United States Senator Ted Cruz has introduced a new bill that offers tax incentives for cryptocurrency miners using flared natural gas to power mining operations.
2025-04-02 18:30:12
Pi Network's Native Cryptocurrency, PI, Drops 74% From Its All-Time High
2025-04-02 18:25:12
Pendle (PENDLE) Token Attracts Whales as 5 Newly Created Wallets Withdraw 2.66M Tokens From Binance
2025-04-02 18:25:12

Related knowledge

What are the investment prospects of Stargate Finance (STG) coin?

Dec 01,2024 at 09:45pm

What are the investment prospects of Stargate Finance (STG) coin?Stargate Finance is a decentralized liquidity transfer protocol that allows users to transfer assets across different blockchains without the need for a centralized exchange. The STG coin is the native token of the Stargate Finance protocol and is used to pay for gas fees and to incentiviz...

Does Stargate Finance (STG) coin have 10,000 times potential?

Nov 29,2024 at 05:01pm

Does Stargate Finance (STG) Coin Have 10,000 Times Potential?IntroductionStargate Finance (STG) is a decentralized cross-chain liquidity transfer protocol that facilitates the seamless transfer of assets between different blockchains. Its innovative design and robust infrastructure have captured the attention of the cryptocurrency community, leading man...

Does Stargate Finance (STG) coin have a thousand-fold potential?

Nov 30,2024 at 11:35am

Does Stargate Finance (STG) Coin Have a Thousand-Fold Potential?Stargate Finance (STG) is a decentralized exchange (DEX) protocol that facilitates cross-chain token transfers. It allows users to swap tokens between different blockchains without the need for intermediaries or wrapped assets.Factors Influencing STG Coin's PotentialThe following factors co...

Does Stargate Finance (STG) coin have a hundredfold potential?

Dec 01,2024 at 04:27am

Does Stargate Finance (STG) Coin Have a Hundredfold Potential?IntroductionStargate Finance (STG) is a decentralized and interoperable liquidity transfer protocol that enables seamless transfer of assets across different blockchains. Launched in September 2021, STG quickly gained traction due to its innovative cross-chain liquidity solution. The platform...

What is the historical highest price of Stargate Finance (STG) currency?

Nov 29,2024 at 02:49pm

What is the Historical Highest Price of Stargate Finance (STG) Currency?Historical Highest Price of Stargate Finance (STG) CurrencyThe historical highest price of Stargate Finance (STG) currency was $4.57, reached on November 8, 2021.Factors Contributing to the Historical Highest Price of STGStrong fundamentals: Stargate Finance is a decentralized liqui...

What wallet is good for Stargate Finance (STG) currency?

Dec 02,2024 at 03:10pm

What Wallet is Good for Stargate Finance (STG) Currency?stargate's goal is to securely and cheaply transfer assets between different blockchains. They enable fast, low-cost transfers between 10 different chains (Arbitrum, Avalanche, Binance Smart Chain, Ethereum, Fantom, Gnosis Chain, Harmony, Optimism, Polygon, and xDai) in just a few short minutes.The...