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What is the issue price of VLX (Velas)? Introduction to the issue price and issue quantity of VLX (Velas)

During its ITO, Velorum issued 1 billion VLX tokens with an issue price of $0.05, a distribution plan emphasizing public sale, private investors, and network incentives.

Oct 04, 2024 at 12:05 pm

Understanding Velorum's VLX Token Issue Price and Quantity

1. Issue Price
The issue price of VLX (Velas), the native token of the Velorum blockchain platform, was $0.05 during its initial token offering (ITO).

2. Issue Quantity
A total of 1 billion VLX tokens were initially issued, with the following distribution:

Public Sale: 500 million tokens
Private Sale: 250 million tokens
Team and Advisors: 100 million tokens
Community Pool and Network Incentives: 100 million tokens
Reserved for Future Projects: 50 million tokens

3. Relevance to Velas Platform
VLX serves as the backbone of the Velas platform, enabling various functions:

Transaction Fees: VLX is used to pay transaction fees on the Velas blockchain.
Network Governance: Token holders can participate in governance decisions and vote on platform updates.
Staking: VLX holders can stake their tokens to earn rewards and contribute to network security.
Decentralized Applications (dApps): VLX facilitates interactions with dApps built on the Velas platform.

4. Current Price and Market Cap
As of [insert date], the price of VLX is approximately $[insert price]. The market capitalization is approximately $[insert market cap], indicating the total value of all VLX tokens in circulation.

5. Importance of Token Price and Quantity
The issue price and quantity of VLX tokens have a significant impact on the platform's ecosystem:

Initial Valuation: The issue price sets the initial value of the token, influencing its potential market value.
Token Supply: The issue quantity determines the total supply of tokens, affecting their scarcity and value over time.
Network Growth: A successful token offering can attract investors and contribute to the growth of the Velorum platform.

Understanding these factors helps stakeholders make informed decisions regarding the acquisition, holding, or use of VLX tokens within the Velas ecosystem.

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