What is the issue price of COMP coin? Introduction to the issue price and issue quantity of COMP coin

The issue price of Compound's (COMP) native token was $9.25 per token during its June 16, 2020 Initial Coin Offering (ICO).

Sep 30, 2024 at 04:53 pm

What is the Issue Price of COMP Coin?

1. Initial Coin Offering (ICO)

COMP coin, the native token of the Compound protocol, was first offered through an Initial Coin Offering (ICO) on June 16, 2020.

2. Issue Price

The issue price of COMP during the ICO was $9.25 per token.

3. Issue Quantity

A total of 4,227,971.54 COMP tokens were issued during the ICO, representing approximately 4.4% of the total token supply.

4. Total Raised

The ICO raised a total of $39 million for the Compound project.

5. Subsequent Price Performance

After the ICO, the price of COMP coin experienced significant volatility and has since reached all-time highs of over $900.

Additional Information:

The COMP token distribution was as follows:
- 4% issued through ICO
- 26% allocated to the Compound team and advisors
- 6% reserved for future development
- 64% awarded to suppliers and borrowers using the Compound protocol
The ICO was conducted in just 9 minutes, due to the high demand for the COMP token.
The Compound protocol allows users to lend and borrow cryptocurrencies in a decentralized manner, earning interest on their deposits and potentially earning COMP tokens for participating in the network's governance.

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