What are the issue price and issue volume of BitDAO coin

What are the issue price and issue volume of BitDAO coin?Issue Price

BitDAO (BIT) launched on June 16, 2021, with an initial coin offering (ICO) price of $0.10. The ICO raised $230 million, selling 2.3 billion BIT tokens out of a total supply of 10 billion.

Issue Volume

The total supply of BitDAO is 10 billion tokens, with the following distribution:

• 1 billion tokens (10%) allocated to the BitDAO Treasury
• 2 billion tokens (20%) allocated to the BitDAO Ecosystem Reserve
• 2 billion tokens (20%) allocated to the BitDAO Developer Fund
• 2.3 billion tokens (23%) sold in the ICO
• 2.5 billion tokens (25%) allocated to the BitDAO Foundation
• 120 million tokens (1.2%) allocated to the Early Access Program

Token Distribution

The distribution of BitDAO tokens is designed to ensure a fair and equitable distribution of the tokens, with a significant portion allocated to the BitDAO Treasury and other initiatives to support the long-term growth and development of the BitDAO ecosystem.

Tokenomics

The BitDAO tokenomics are designed to incentivize holding and participation in the BitDAO ecosystem. The token has several use cases, including:

• Governance: BIT holders can participate in the governance of the BitDAO ecosystem by voting on proposals and electing members of the BitDAO Council.
• Staking: BIT holders can stake their tokens to earn rewards and support the security of the BitDAO network.
• Fees: BIT is used to pay for transaction fees on the BitDAO network.
• Access to products and services: BIT holders can use their tokens to access products and services within the BitDAO ecosystem, such as the BitDAO Launchpad and the BitDAO Exchange.

Conclusion

The issue price of BitDAO coin was $0.10, and the issue volume was 2.3 billion tokens. The token distribution and tokenomics are designed to support the long-term growth and development of the BitDAO ecosystem.