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What is the issuance price and issuance amount of OX Coin (OX)?
OX Coin's initial market capitalization was $10,000,000, with an issuance price of $0.10 and a total issuance of 100,000,000 tokens.
Dec 22, 2024 at 04:00 pm
Key Points:
Issuance Price and Amount of OX Coin
- OX Coin's issuance price was $0.10 per token.
- A total of 100,000,000 OX Coins were issued, resulting in an initial market capitalization of $10,000,000.
Issuance Price and Issuance Amount of OX Coin (OX)
In the realm of cryptocurrency, OX Coin (OX) stands out as a notable player. As a utility token facilitating decentralized data management on the Oxen network, OX has garnered significant attention since its inception. To fully comprehend the project's initial distribution and valuation, it is essential to delve into the details of OX Coin's issuance price and amount.
1. Issuance Price: $0.10 per Token
OX Coin's issuance price, also known as token sale price, is the predetermined value at which the tokens were initially offered to investors during the initial coin offering (ICO). In OX's case, the issuance price was set at $0.10 per token. This value represents the entry point for early investors and forms the basis for calculating the project's early market capitalization.
2. Issuance Amount: 100,000,000 OX Coins
The issuance amount refers to the total number of OX Coins created and distributed during the token sale. In the case of OX, a total of 100,000,000 OX Coins were issued, with a distribution breakdown as follows:
- Public Sale: 70% (70,000,000 OX)
- Team and Advisors: 15% (15,000,000 OX)
- Reserved for Future Development: 15% (15,000,000 OX)
3. Initial Market Capitalization: $10,000,000
The initial market capitalization of a cryptocurrency project is determined by multiplying the issuance price by the issuance amount. For OX Coin, with an issuance price of $0.10 and an issuance amount of 100,000,000 OX, the initial market capitalization was calculated as:
Initial Market Cap = Issuance Price x Issuance Amount
Initial Market Cap = $0.10 x 100,000,000 OX
Initial Market Cap = $10,000,000
This initial market capitalization represents the total value of all OX Coins in circulation at the time of issuance.
FAQs
Q: What was the date of the OX Coin ICO?
A: The OX Coin ICO took place on January 9, 2018.
Q: Was there a lock-up period for OX Coin investors?
A: Yes, there was a 6-month lock-up period for 50% of the tokens purchased during the ICO.
Q: How is OX Coin used on the Oxen network?
A: OX Coin is used to incentivize data storage providers, pay for transactions on the network, and participate in governance decisions.
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