Alkimi (ADS) coin issuance price

The Alkimi (ADS) token, the native utility token of the Alkimi DeFi protocol, was initially issued at a price of $0.50.

Dec 24, 2024 at 08:53 am

Alkimi (ADS) Coin Issuance Price

Alkimi is a decentralized finance (DeFi) protocol that allows users to securely lend, borrow, and earn interest on their crypto assets. The Alkimi token (ADS) is the native utility token of the Alkimi protocol.

Key Points

• Alkimi (ADS) coin issuance price was $0.50.
• The ADS token is used to pay transaction fees, participate in governance, and access exclusive features within the Alkimi protocol.
• Alkimi raised $10 million in its seed funding round, led by Polychain Capital and IOSG Ventures.

Alkimi (ADS) Coin Issuance Details

• Issuance Price: $0.50
• Total Supply: 100,000,000 ADS
• Circulating Supply: 35,000,000 ADS

• Token Distribution:

  • 50% - Community distribution (IDO)
  • 25% - Team and advisors
  • 20% - Strategic partners
  • 5% - Seed investors

Utility of the ADS Token

• Transaction Fees: ADS tokens are used to pay transaction fees for operations within the Alkimi protocol, such as borrowing, lending, and staking.
• Governance: ADS holders can participate in the governance of the Alkimi protocol by voting on proposals and shaping the future development of the protocol.
• Exclusive Features: ADS holders may gain access to exclusive features and benefits within the Alkimi protocol, such as early access to new products and services.

Alkimi (ADS) Funding

Alkimi raised $10 million in its seed funding round, led by Polychain Capital and IOSG Ventures. Other participants in the funding round included Alameda Research, Jump Trading, and SNZ. The funding will be used to develop the Alkimi protocol, expand the team, and support ecosystem growth.

Alkimi (ADS) Coin Issuance Process

1. Initialization: The Alkimi team launches the Alkimi protocol and sets the issuance price of the ADS token at $0.50.
2. Initial Distribution: The team distributes 50% of the ADS token supply (50,000,000 ADS) to the community through an initial decentralized offering (IDO).
3. Public Sale: The remaining 50% of the ADS token supply will be sold through a public sale to raise funds for the development and growth of the Alkimi protocol.
4. Token Generation: Once the public sale is completed, the entire supply of ADS tokens will be generated and distributed to token holders.

FAQs

What is the purpose of the ADS token?
The ADS token is the native utility token of the Alkimi protocol. It is used to pay transaction fees, participate in governance, and gain access to exclusive features within the protocol.

How can I acquire ADS tokens?
ADS tokens can be acquired through the Alkimi IDO, the public sale, or by purchasing them from exchanges once they are listed.

What is the future outlook for ADS tokens?
The future outlook for ADS tokens will depend on the success of the Alkimi protocol. If the protocol becomes widely adopted, the demand for ADS tokens is likely to increase, which could drive up their value.