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What is the issue price of ADA coins? Introduction to the issue price and issue quantity of ADA coins
When first offered through an initial coin offering (ICO) in 2017, 45 billion ADA coins were issued and sold at an issue price of $0.0245 each.
Oct 01, 2024 at 11:12 am
What is the Issue Price of ADA Coins?
1. Issue Price
The issue price of ADA coins, the native cryptocurrency of the Cardano blockchain, was $0.0245 when it was first offered in an initial coin offering (ICO) in 2017.
2. Issue Quantity
During the ICO, a total of 45 billion ADA coins were issued, representing 75% of the total supply of 64 billion ADA.
3. Distribution of Issued Coins
The issued ADA coins were distributed as follows:
- 31.11 billion (70%): Sold to public contributors during the ICO
- 13.89 billion (30%): Reserved for the Cardano Foundation, IOHK (Input Output Hong Kong), and early investors
4. Value Appreciation
Since its initial offering, the value of ADA coins has fluctuated significantly. As of January 2023, ADA is trading at approximately $0.35, representing an increase of over 1000% from its issue price.
5. Factors Influencing Price
The price of ADA coins is influenced by various factors, including:
- Market supply and demand
- Development and adoption of the Cardano blockchain
- Global economic conditions
- Cryptocurrency regulations and news
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