What is the issuance price and issuance amount of Swell Network (SWELL) coins?

During its 2018 ICO, Swell Network (SWELL) tokens were issued at a price of $0.10 per token, raising a total of $10 million from investors.

Dec 08, 2024 at 06:16 am

What is the issuance price and issuance amount of Swell Network (SWELL) coins?

Swell Network (SWELL) is a decentralized, blockchain-based platform that aims to provide businesses and individuals with the tools and services they need to manage their digital assets and currencies. The SWELL token is the native cryptocurrency of the Swell Network, and it is used to pay for transaction fees, vote on platform decisions, and access premium features.

Issuance Price

The SWELL token was issued at a price of $0.10 per token during its initial coin offering (ICO) in 2018. The ICO raised a total of $10 million, with 100 million SWELL tokens being sold to investors.

Issuance Amount

The maximum supply of SWELL tokens is 1 billion. Of this amount, 100 million tokens were sold during the ICO, and the remaining 900 million tokens are held by the Swell Network team and foundation.

How does the Swell Network (SWELL) coin work?

The Swell Network coin is a utility token that is used to power the Swell Network. The coin is used to pay for transaction fees, vote on platform decisions, and access premium features.

• Transaction fees: SWELL coins are used to pay for transaction fees on the Swell Network. The fee is used to incentivize miners to process and verify transactions, and it helps to secure the network.
• Voting: SWELL coins are used to vote on platform decisions. Coin holders can vote on proposed changes to the network, such as changes to the protocol or the addition of new features.
• Premium features: SWELL coins can be used to access premium features on the Swell Network. These features may include access to exclusive content, discounts on transaction fees, and priority support.

What are the benefits of using the Swell Network (SWELL) coin?

There are several benefits to using the SWELL coin, including:

• Reduced transaction fees: SWELL coin holders can enjoy reduced transaction fees on the Swell Network. This is because the fee is paid in SWELL coins, which are not subject to traditional currency fluctuations.
• Increased security: The SWELL coin is used to incentivize miners to process and verify transactions, which helps to secure the network. This makes it less likely that the network will be hacked or compromised.
• Community governance: SWELL coin holders can vote on platform decisions, which gives them a say in the future of the network. This helps to ensure that the network is run in a way that benefits the community.

What is the future of the Swell Network (SWELL) coin?

The future of the SWELL coin is bright. The Swell Network is a rapidly growing platform, and the coin is becoming increasingly popular. As the network grows and develops, the demand for SWELL coins is likely to increase. This could lead to a significant increase in the value of the coin.

In addition, the Swell Network team is working on a number of initiatives that could further increase the value of the SWELL coin. These initiatives include:

• Developing new features and applications for the Swell Network. This will increase the utility of the SWELL coin and make it more valuable to users.
• Partnering with other businesses and organizations. This will help to increase the adoption of the SWELL coin and make it more widely available.
• Marketing and promotion of the Swell Network and the SWELL coin. This will help to raise awareness of the network and the coin, and could lead to a significant increase in demand.

Overall, the future of the SWELL coin is very promising. The Swell Network is a rapidly growing platform, and the coin is becoming increasingly popular. As the network grows and develops, the demand for SWELL coins is likely to increase, which could lead to a significant increase in the value of the coin.