Understand the issuance price and total issuance of RACA coins in one article

Despite an initial surge following its issuance at $0.047 USD per token, RACA coins have experienced a decline in value and are currently trading at $0.028 USD, representing a significant decrease from their issuance price.

Oct 24, 2024 at 10:32 am

Understanding the Issuance Price and Total Issuance of RACA Coins

1. Issuance Price

The issuance price of RACA coins refers to the price at which they were initially sold to the public during the initial coin offering (ICO). The ICO for RACA coins was held on May 25, 2021, and the tokens were offered at a price of $0.047 USD per RACA.

2. Total Issuance

The total issuance of RACA coins is capped at 100 million. Of this amount, 50% were sold during the ICO, while the remaining 50% are intended for future development and allocation to the RACA team, advisors, and partners.

Expansion

3. RACA Coin Value

The value of RACA coins has fluctuated significantly since its launch. Following the ICO, the coin's value briefly surged but then experienced a decline. As of March 8, 2023, RACA is trading at $0.028 USD, representing a significant decrease from its issuance price.

4. RACA Use Cases

RACA is the native token of the Radio Caca blockchain ecosystem, a platform that aims to bridge the gap between the metaverse and decentralized finance (DeFi). RACA coins are used for a variety of purposes within the ecosystem, including:

• Staking to earn rewards
• Participating in governance
• Purchasing NFTs and other in-game assets

5. Market Capitalization

The market capitalization of RACA, or the total value of all RACA coins in circulation, is approximately $2.8 million USD as of March 8, 2023. This places RACA coins outside the top 1,000 cryptocurrencies by market capitalization.

Conclusion

The issuance price of RACA coins was $0.047 USD during the ICO held on May 25, 2021. The total issuance of RACA coins is capped at 100 million, with 50% sold during the ICO. As of March 8, 2023, RACA coins are trading at $0.028 USD, below their issuance price. The coins are used within the Radio Caca blockchain ecosystem for staking, governance, and purchasing NFTs.