What is the issue price of POLYX? Introduction to POLYX issue price and issue quantity

The issue price of POLYX, the Polymath blockchain's native token used for governance, fees, and validator rewards, was $0.10 during the public token sale held on May 2, 2018.

Nov 06, 2024 at 07:24 am

What is the Issue Price of POLYX?

Background

POLYX is a native token of the Polymath blockchain, which focuses on security token offerings (STOs). It facilitates various features within the Polymath ecosystem, including governance, transaction fees, and rewards for validators.

Issue Price

The issue price of POLYX was determined through a public token sale held on May 2, 2018. During the sale, the following parameters were set:

Token Sale Type: Simple Agreement for Future Tokens (SAFT)
Total Token Supply: 1 billion POLYX
Allocation for Token Sale: 250 million POLYX (25%)
Issue Price: $0.10 per POLYX
Payment Accepted: Ether (ETH)

Issue Quantity

During the token sale, approximately 226 million POLYX were sold, raising a total of 22,600 ETH. The unsold tokens were retained by the Polymath team for future development and ecosystem growth.

Post-Issue Performance

Since its issuance, the price of POLYX has fluctuated based on market demand and developments within the Polymath ecosystem. As of [Date], the price of POLYX is approximately [Price].

Conclusion

The issue price of POLYX was set at $0.10 during the public token sale held on May 2, 2018. A total of 226 million POLYX were sold, raising 22,600 ETH. The price of POLYX has varied since its issuance, influenced by market conditions and Polymath-related developments.

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