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What is SUSHI coin? SUSHI coin issue price, total amount and white paper introduction
SUSHI, the ERC-20 token of SushiSwap, enables community governance and plays a vital role in the platform's future direction.
Oct 05, 2024 at 07:41 am
What is SUSHI Coin?
SUSHI is the native token of the SushiSwap decentralized exchange. It is an Ethereum-based ERC-20 token that plays a crucial role in the platform's governance, allowing holders to vote on proposals and shape the future of the protocol.
SUSHI Coin Issue Price and Tokenomics
- Issue Price: SUSHI was issued at a price of $1.06 per token during its initial liquidity offering (ILO) on August 28, 2020.
- Total Amount: The total supply of SUSHI is capped at 250 million tokens.
Distribution: The SUSHI supply is distributed as follows:
- 60%: SushiSwap liquidity providers
- 20%: SushiSwap team
- 15%: Liquidity allocation
- 5%: Advisors and early contributors
SUSHI Coin White Paper
The SUSHI white paper outlines the key features and goals of the SushiSwap protocol. It discusses the following topics:
- Decentralized Finance (DeFi): SushiSwap is designed to provide a decentralized alternative to centralized exchanges, offering users greater control over their funds and eliminating the need for trusted third parties.
- Automated Market Maker (AMM): SushiSwap uses an automated market maker (AMM) model, where liquidity pools are created by users and facilitate trades without the need for traditional order books.
- Governance: SUSHI holders have the right to vote on proposals that impact the development and direction of the SushiSwap protocol.
Utility Token: SUSHI has a number of use cases within the SushiSwap ecosystem, including:
- Governance: Voting on protocol upgrades and proposals
- Sushi Bar: Staking SUSHI to earn rewards and increase voting power
- BentoBox: Providing liquidity while earning yield and reducing fees
- Sushi Analytic: Accessing exclusive data and analytics
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！
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