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

During the Cronos Initial Dex Offering (IDO) on November 24, 2021, Crypto.com Coin (CRO) was issued at $0.09 per token, raising approximately $11.25 million.

Oct 07, 2024 at 07:53 am

What is the Issue Price of CRO Coins?

1. Understanding Crypto IssuanceIn cryptocurrency, newly created coins or tokens undergo an issuance process where they are introduced into the market. The issue price refers to the price at which these coins or tokens are initially offered to investors.

2. CRO IssuanceCrypto.com Coin (CRO) is the native token of the Crypto.com platform. The CRO token was issued through a series of private token sales and the Cronos Initial Dex Offering (IDO) on the Crypto.com exchange.

3. CRO Issue PriceThe issue price of CRO during the private token sale was as follows:

Round A: $0.02 per CRO
Round B: $0.04 per CRO
Round C: $0.06 per CRO

4. Cronos IDOThe Cronos IDO was held on November 24, 2021, and contributed a significant portion to the total CRO issuance. During the IDO:

125,000,000 CRO tokens were offered at a price of $0.09 per CRO.
The IDO raised approximately $11.25 million.

5. NoteIt's important to note that the issue price of a cryptocurrency can fluctuate significantly in the secondary market after its initial issuance. The current market price of CRO may differ from its issue price.

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