What is the issue price of Arweave? Introduction to Arweave's issue price and issue quantity

At the time of its initial coin offering (ICO) in 2017, the issue price of Arweave's (AR) token was $0.047.

Oct 26, 2024 at 12:39 am

Understanding the Issue Price and Quantity of Arweave

Arweave is a decentralized data storage network that utilizes blockchain technology to store and retrieve data permanently and securely. The network operates on the Arweave token (AR), which plays a crucial role in its ecosystem.

1. Issue Price

Arweave's initial coin offering (ICO) was held in 2017 and raised a total of $8.5 million in funding. At the time of the ICO, the issue price of AR was **$0.047**.

2. Issue Quantity

The maximum supply of AR tokens is 66 million. Of this total supply, 56 million tokens were distributed during the ICO and the remaining 10 million tokens are held by the Arweave Foundation and its early contributors.

3. Post-ICO Price Performance

Since its ICO, AR has experienced significant price fluctuations. The token initially surged in value, reaching an all-time high of close to $30 in February 2021. However, it has since corrected and currently trades at around $12.

4. Factors Influencing AR Price

The price of AR is influenced by various factors, including:

• Network adoption and growth
• Market conditions and overall cryptocurrency sentiment
• Token burns and incentives within the Arweave ecosystem

5. Role of AR in the Arweave Ecosystem

The AR token is used for a variety of purposes within the Arweave ecosystem:

• Transaction Fees: Users pay AR tokens to store data on the Arweave network.
• Rewarding Network Participants: Miners and data retrievers are rewarded with AR tokens for their contributions to the network.
• Governance: AR token holders can participate in network governance by voting on potential changes and developments.

6. Future Outlook

Arweave has a promising future as a decentralized data storage solution. The network's unique architecture and commitment to permanent storage could drive further adoption and growth. The value of AR is expected to fluctuate in the short term, but over the long term it has the potential to appreciate as the network gains traction.