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

The initial issue price of Helium Network's (HNT) coins was $0.02 in 2019, with a current supply of 149 billion HNT in circulation.

Oct 31, 2024 at 03:58 am

Issue Price and Quantity of HNT Coins

HNT coins, the native token of the Helium Network, play a crucial role in the network's operation. Let's explore the issue price and quantity of HNT coins.

1. Issue Price:

• The initial issue price of HNT was $0.02 per coin during the initial coin offering (ICO) held in July 2019.

2. Issue Quantity:

• Initial Supply (August 2019): 55,000,000,000 HNT
• Current Circulating Supply (August 2023): 149,417,198,511 HNT
• Maximum Supply: 223,000,000,000 HNT

The Helium Network gradually releases HNT coins over time through a process called minting. Minting occurs when Helium miners verify coverage and provide wireless connectivity to devices on the network.

3. Distribution of HNT:

Initially, 53% of the HNT supply was allocated to the Helium Foundation, 24% to investors, 11% to contributors, and 12% to the Genesis Block reward pool. However, as new HNT is minted, the distribution of the supply changes.

Conclusion:

The initial issue price of HNT coins was $0.02, and the initial supply was 55 billion HNT. Currently, there are 149 billion HNT in circulation, and the maximum supply is set at 223 billion HNT. The distribution of HNT is continually evolving as new coins are minted and distributed to Helium Network participants.