Cryptocurrencies

Text

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

The issue price of SUSHI tokens, the native crypto asset of the SushiSwap decentralized exchange, was initially set at $1.00 during the project's initial coin offering (ICO) in September 2020.

Oct 07, 2024 at 01:05 pm

What is the Issue Price of SUSHI Coins: A Guide to SUSHI Issuance

1. Understanding SUSHI Issuance

SUSHI, the native token of the SushiSwap decentralized exchange, is an ERC-20 token with a finite supply of 250 million coins. Its issuance follows a predetermined schedule designed to incentivize early adopters and provide long-term sustainability.

2. Issue Price

The issue price of SUSHI coins refers to the initial offering price at which they were made available for purchase. The project's initial coin offering (ICO) was held in September 2020 and offered SUSHI tokens at $1.00 apiece.

3. Issue Quantity

The ICO released a total of 6,000,000 SUSHI tokens, representing approximately 2.4% of the total supply. These tokens were sold to early investors and community members to raise funds for the project's development.

4. Distribution

The proceeds from the ICO were distributed as follows:

7% to development
4% to marketing
2.5% to legal and compliance
86.5% to a community treasury controlled by SUSHI holders

5. Post-ICO Distribution

After the ICO, additional SUSHI tokens were issued through various mechanisms, including:

Farming rewards: SUSHI tokens were rewarded to users who provided liquidity to SushiSwap pools.
Liquidity provider incentives: Bonuses were offered to liquidity providers in the form of SUSHI tokens.
Governance proposals: SUSHI token holders could vote on proposals to determine how the treasury funds were used, which could include additional token issuance.

Conclusion

The SUSHI issue price was set at $1.00 during the ICO, and a total of 6,000,000 SUSHI coins were issued. The distribution of proceeds and subsequent token issuance mechanisms were designed to support the project's development and reward early adopters while creating a sustainable ecosystem for SUSHI token holders.

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

LUNA

$0.1180

82.85%

Trade Now
MIGGLES

$0.1499

68.32%

Trade Now
XVG

$0.0079

62.93%

Trade Now
MANEKI

$0.0131

52.52%

Trade Now
VIRTUAL

$0.5672

50.62%

Trade Now
FLR

$0.0209

48.20%

Trade Now

Latest Crypto News

Litecoin Rebrands as a Meme Coin to Cash In on Bitcoin's Bull Run
2024-11-16 02:25:01
Solana, Tron, and BlockDAG Notably Impact the Crypto Sphere as 2024 Concludes
2024-11-16 02:25:01
dYdX Community Approves Proposal to Implement Revenue-Sharing Mechanism
2024-11-16 02:25:01
The Bitfinex Bitcoin Heist: A Cybersecurity Saga That Transformed the Crypto World
2024-11-16 02:25:01
Cutoshi Gears Up To Introduce Its Multichain DEX
2024-11-16 02:15:02
Bitcoin (BTC) Price Target Set at $180,000 by VanEck, Market Still in Its Early Phases
2024-11-16 02:25:01

Related knowledge

What is the investment prospect of INJ coins

Nov 12,2024 at 04:16pm

What is the Investment Prospect of INJ Coins?Introduction to INJ CoinsINJ coins are the native utility tokens of the Injective Protocol, a decentralized derivatives exchange platform built on the Cosmos blockchain. The Injective Protocol aims to provide a fast, secure, and scalable platform for trading derivatives, spot markets, and futures contracts. I...

Does INJ coin have a ten-thousand-fold potential

Nov 13,2024 at 01:26pm

Does INJ Coin Have a Ten-Thousand-Fold Potential?Determining the potential for astronomical growth, such as ten-fold expansions, involves evaluating a cryptocurrency's underlying fundamentals, market dynamics, and long-term prospects. In the case of INJ coin, an in-depth analysis of these factors reveals a path towards significant appreciation.Understan...

Does INJ coin have a thousandfold potential

Nov 11,2024 at 05:58pm

INJ Coin and Its Thousandfold PotentialIntroductionInjective Protocol (INJ) is a decentralized exchange (DEX) platform that enables trustless peer-to-peer trading of cryptocurrencies and derivatives. The platform is powered by its native token, INJ, which is used for governance, staking, and paying transaction fees. In recent years, INJ coin has gained ...

Does INJ coin have a hundredfold potential

Nov 13,2024 at 04:28pm

Does INJ Coin Have a Hundredfold Potential?In the realm of decentralized finance (DeFi), INJ coin stands out as a promising project with innovative features and significant growth potential. Its mission to revolutionize insurance industry through blockchain technology has garnered considerable attention from investors and industry experts alike. However...

What is the highest price of INJ coins in history

Nov 12,2024 at 03:04pm

What is the Highest Price of INJ Coins in History?INJ, the native token of the Injective Protocol, a decentralized exchange (DEX) built on the Cosmos blockchain, has experienced significant price fluctuations since its launch in 2021. While the cryptocurrency market is known for its volatility, INJ has consistently demonstrated strong performance, attra...

What wallet is good for INJ coins

Nov 14,2024 at 09:02pm

What Wallets Are Compatible with INJ Coins (INJ)?INJ coins, the native cryptocurrency of the Injective Protocol, are supported by several reputable wallets. Each wallet offers distinct features and advantages, catering to diverse user needs. Here's a comprehensive guide to the wallets compatible with INJ coins:1. Injective WalletOfficial wallet develope...