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What is the issue price of IOTX coin? Introduction to the issue price and issue quantity of IOTX coin
The issue price of IOTX coin was $0.09 during its ICO in April 2018, with a total issuance quantity of 10 billion IOTX coins.
Oct 24, 2024 at 06:06 am
Issue Price and Quantity of IOTX Coin
1. Issue Price
The issue price of IOTX coin was $0.09 during its initial coin offering (ICO) held in April 2018.
2. Issue Quantity
The total issuance quantity of IOTX coin is 10 billion, as per the IOTX whitepaper.
Distribution of IOTX Coins:
- ICO: 40% (4 billion coins)
- IoTeX Foundation: 26% (2.6 billion coins)
- Team: 14% (1.4 billion coins)
- Advisors: 10% (1 billion coins)
- Ecosystem: 10% (1 billion coins)
3. Explanation
The ICO took place over two rounds, raising a total of $26 million. The proceeds from the ICO were used to fund the development and launch of the IoTeX blockchain platform.
IoTeX Foundation, Team, Advisors, and Ecosystem entities hold a significant percentage of IOTX coins to ensure the long-term stability and growth of the platform.
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