What is the issuance and circulation of ADA coins?

The Cardano Foundation issued 25.9 billion ADA coins through an ICO in 2017, raising approximately $624 million, with a total supply capped at 45 billion.

Oct 07, 2024 at 02:48 am

Issuance of ADA Coins

ADA coins were created by the Cardano Foundation, a non-profit organization based in Switzerland. The initial issuance of ADA coins occurred in 2017 through an Initial Coin Offering (ICO). During the ICO, approximately 25.9 billion ADA coins were sold to the public, raising about $624 million.

Circulation of ADA Coins

After the ICO, ADA coins were distributed to the public and began trading on cryptocurrency exchanges. The total supply of ADA coins is capped at 45 billion. As of [insert date], approximately 33.7 billion ADA coins are in circulation, with the remaining coins held by the Cardano Foundation and other stakeholders.

Here is a breakdown of the distribution of ADA coins:

Initial Coin Offering (ICO): 25.9 billion ADA
Cardano Foundation: 5.9 billion ADA
Early backers and advisors: 1.2 billion ADA
Treasury for future development: 3.4 billion ADA
Exchange float: 2.3 billion ADA

The circulation of ADA coins is expected to increase over time as more coins are released from the Cardano Foundation's reserves and as new ADA coins are minted through the blockchain's staking mechanism.

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