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What is the issue price of 1INCH coins? Introduction to the issue price and issue quantity of 1INCH coins
1INCH, the native token of the 1inch DEX, debuted at $1.50 per coin with a total issuance of 1 billion, 75% of which were allocated for public sale.
Nov 03, 2024 at 06:10 am
Understanding the Issuance Price and Quantity of 1INCH Coins
1. Issuance Price
1INCH coins, the native token of the 1inch decentralized exchange (DEX), were initially issued through a public token sale on December 24, 2020. The initial issuance price was $1.50 per 1INCH coin.
2. Issuance Quantity
A total of 1 billion 1INCH coins were issued during the token sale. Of this total supply:
- 750 million (75%) were allocated to the sale
- 150 million (15%) were reserved for the 1inch team and advisors
- 100 million (10%) were retained for ecosystem development
3. Distribution of Sale Funds
The proceeds from the token sale were distributed as follows:
- 40% for platform development and liquidity mining
- 30% for marketing and community engagement
- 20% for team compensation
- 10% for ecosystem partnerships and grants
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