Introduction to the issuance price and quantity of Gods Unchained (GODS) coins

During its initial offering in October 2021, GODS coins were issued at a genesis price of $0.25, totaling 500,000,000 coins ever to be created, safeguarding against inflation and preserving its long-term value.

Dec 25, 2024 at 03:49 pm

Gods Unchained (GODS): Issuance Price and Coin Supply

Key Points:

• Genesis coin issuance price: $0.25
• Total coin issuance: 500,000,000 GODS
• Allocation of initial coin issuance
• Staking and earning GODS coins
• Coin burning mechanism

Genesis Coin Issuance Price

During the initial offering in October 2021, GODS coins were issued at a price of $0.25 per coin. This represented the starting point for the market value of the cryptocurrency.

Total Coin Issuance

The total number of GODS coins that will ever be created is 500,000,000. This finite supply ensures a cap on potential inflation and helps maintain the coin's long-term value.

Allocation of Initial Coin Issuance

The initial allocation of GODS coins was distributed as follows:

• Seed Round: 20%
• Private Sale 1: 25%
• Private Sale 2: 20%
• Public Sale: 25%
• Team and Advisors: 10%

Staking and Earning GODS Coins

GODS coin holders can participate in staking through the Immutable X platform to earn additional GODS coins. Stakers contribute their GODS coins to a staking pool that helps secure and validate transactions on the platform. As a reward, stakers receive more GODS coins, creating a passive income opportunity.

Coin Burning Mechanism

Immutable, the company behind Gods Unchained, has implemented a coin burning mechanism that destroys a portion of GODS coins from circulation. This process reduces the overall supply of coins, potentially increasing the value of the remaining coins. GODS coins are burned primarily through the redemption of "Flux" tokens, which are used to create and upgrade in-game items in the Gods Unchained game.

FAQs

Q: What was the initial market capitalization of GODS coins?
A: The initial market capitalization of GODS was $125 million based on the issuance price of $0.25 per coin and the total issuance of 500,000,000 coins.

Q: Can GODS coins be purchased outside of the Immutable X platform?
A: Yes, GODS coins can be traded on various cryptocurrency exchanges, including Binance, Coinbase, and KuCoin.

Q: Is there a minimum amount of GODS coins required for staking?
A: Yes, there is a minimum staking requirement of 100 GODS coins to participate in the staking pool on Immutable X.