What is the issue price of XLM coins? Introduction to the issue price and issue quantity of XLM coins

The initial offering price of XLM coins, established during their public token sale in 2014, was $0.0019 per XLM token.

Oct 07, 2024 at 06:54 pm

Issue Price of XLM Coins

1. Definition of Issue Price

The issue price of a cryptocurrency is the price at which it is initially sold to the public during its initial coin offering (ICO) or launch. It represents the value that investors pay to acquire the coin and establishes its initial market value.

2. Issue Price and Quantity of XLM Coins

XLM (Stellar Lumens) is a decentralized cryptocurrency and payment network launched by the Stellar Development Foundation in 2014. It aims to facilitate low-cost, cross-border transactions and provides support for tokenization.

XLM coins were initially issued through a public token sale in 2014, where 100 billion XLM tokens were created. The issue price was set at $0.0019 per XLM token.

3. Post-ICO Price Fluctuations

After the ICO, the price of XLM coins fluctuated significantly. It briefly reached its all-time high of $0.93 in January 2018, driven by market speculation and the "cryptocurrency bubble" of that period. Since then, the price has experienced several ups and downs, reflecting the volatile nature of the cryptocurrency market.

4. Current Market Price

As of January 2023, the price of XLM coin is approximately $0.11. Its market capitalization is approximately $2.7 billion, making it one of the top 50 cryptocurrencies by market cap.

Conclusion

The issue price of XLM coins was $0.0019 per token, which has served as the initial reference point for its market valuation. Since its ICO, XLM coins have experienced significant price fluctuations, reflecting the dynamic nature of the cryptocurrency market. Its current price is around $0.11, indicating a significant appreciation since its launch.