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Understand the issuance price and total issuance of SSV coins in one article

The initial coin offering (ICO) of SSV in November 2020 offered 20% of its total issuance at an issuance price of $2.80 per coin, resulting in a total value of $280,000,000 at issuance.

Oct 09, 2024 at 08:29 pm

Understanding SSV Coin Issuance

1. Issuance Price

The issuance price of a coin refers to the initial price at which it is sold to the public during its initial coin offering (ICO). For SSV, the issuance price was $2.80 per coin.

2. Total Issuance

Total issuance refers to the maximum number of coins that will ever be created for a particular cryptocurrency. In the case of SSV, the total issuance is 100,000,000 coins. Of this amount, 20% (20,000,000 coins) was sold during the ICO, and the remaining 80% (80,000,000 coins) is reserved for future issuance.

3. Calculation of Total Value

To calculate the total value of SSV coins at issuance, we multiply the issuance price by the total issuance:

Total Value = Issuance Price x Total Issuance
= $2.80/coin x 100,000,000 coins
= $280,000,000

Additional Details:

The SSV ICO was held in November 2020.
During the ICO, a total of 20% of the total issuance was offered for sale.
The SSV token is an ERC-20 token that operates on the Ethereum blockchain.
The purpose of SSV is to enable distributed validator technology (DVT), which enhances security and decentralization for validator nodes in proof-of-stake networks.

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