What is the issuance price and issuance volume of Altlayer (ALT) coins?

Altlayer (ALT) coins were initially issued at a price of $0.10 per coin, with a total of 500 million tokens released into circulation during the ICO in 2017.

Dec 08, 2024 at 07:55 am

What is Altlayer (ALT) Coin Issuance Price and Volume?

Altlayer (ALT) is a digital asset and blockchain platform designed for decentralized applications and smart contract development. At the time of its issuance, ALT coins had specific issuance prices and volumes, which played crucial roles in the initial distribution and market dynamics.

Issuance Price

The issuance price of Altlayer (ALT) coins refers to the value at which they were initially offered to the public during the coin offering event. This price is typically determined by the project team and serves as the initial benchmark for the coin's market value.

• ICO (Initial Coin Offering) Issuance Price: During the ICO held in 2017, ALT coins were sold at an issuance price of $0.10 per coin. This price represented the initial value at which the public could acquire ALT coins.

Issuance Volume

The issuance volume of Altlayer coins represents the total number of coins released into circulation during the initial offering. This volume determines the overall supply of ALT coins in the market and influences the coin's liquidity and market capitalization.

• ICO (Initial Coin Offering) Issuance Volume: In the ICO, a total of 500 million ALT coins were issued and offered for purchase by the public. This issuance volume defined the initial supply of ALT coins in the market.

Issuance Allocation

The issuance of ALT coins was carefully allocated to ensure fair distribution and support the project's long-term growth. The coins were distributed among various stakeholders, including:

• Seed Sale: A portion of the coins was sold in a private seed sale prior to the ICO, providing early funding for the project.
• Team: A percentage of the coins was allocated to the project team to incentivize their contributions and ensure long-term commitment.
• Advisors: Coins were distributed to advisors and consultants who provided expertise and support to the project.
• Public ICO: The majority of the coins were sold to the public through the ICO, allowing wider participation and distribution.

Initial Market Dynamics

After the issuance and distribution of ALT coins, the market responded dynamically to the new asset. The initial price movements were influenced by factors such as:

• ICO Hype: The excitement and anticipation surrounding the ICO contributed to an initial surge in ALT coin prices.
• Supply and Demand: The limited supply of ALT coins in relation to the demand from investors led to upward price pressure.
• Market Sentiment: Optimistic market sentiment and bullish trends in the cryptocurrency market supported positive price movements for ALT coins.

Long-Term Impact

The issuance price and volume of Altlayer (ALT) coins have had a long-term impact on the project and its market performance:

• Market Capitalization: The initial issuance volume determined the total value of ALT coins in circulation, influencing the project's market capitalization and overall ranking.
• Coin Distribution: The issuance allocation ensured a diverse distribution of ALT coins, reducing concentration and promoting community involvement.
• Project Development: The funds raised through the ICO enabled the Altlayer team to continue developing the blockchain platform and supporting its ecosystem.