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What is the issue price of TRX coins? Introduction to the issue price and issue quantity of TRX coins
TRON's native token, TRX, was initially issued at $0.002 during its ICO in September 2017, with a maximum supply of 100 billion coins.
Oct 05, 2024 at 03:36 pm
1. TRX Coin Issuance Price
TRON's native cryptocurrency TRX was issued through an Initial Coin Offering (ICO) in September 2017. The issue price of TRX coins during the ICO was $0.002.
2. TRX Coin Issuance Quantity
During the ICO, a total of 100 billion TRX coins were issued, representing the maximum supply. Of the 100 billion coins, 40 billion were sold through the ICO, raising approximately $70 million in funds.
3. Distribution of TRX Coins
The remaining 60 billion TRX coins were distributed as follows:
- 35 billion (35%) - Founders and team
- 15 billion (15%) - Foundation
- 10 billion (10%) - Partners and strategic reserves
4. Launch of TRX on Exchanges
After the ICO, TRX coins were listed on cryptocurrency exchanges, where they could be traded publicly. The first exchanges to list TRX included Binance, Huobi, and OKEx.
5. Current Price of TRX
As of March 2023, the price of TRX is approximately $0.055, representing a significant increase from its ICO price of $0.002. The price of TRX has fluctuated over time, influenced by various market conditions.
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