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What is the issuance price and issuance volume of Cosmos (ATOM) currency?
Cosmos (ATOM) debuted as an ICO token in 2017, with an initial issuance price of $0.10 per token.
Dec 07, 2024 at 09:51 pm

What is the Issuance Price and Issuance Volume of Cosmos (ATOM) Currency?
Cosmos (ATOM) is a decentralized network that enables the creation of interconnected blockchains. It is designed to address the challenges of scalability, interoperability, and usability that are faced by many existing blockchain platforms. ATOM is the native cryptocurrency of the Cosmos network and is used to pay for transaction fees and to secure the network.
Issuance Price
ATOM was first issued in 2017 through an initial coin offering (ICO). The ICO raised approximately $17 million, with each ATOM token being sold for $0.10.
Issuance Volume
The total issuance volume of ATOM is 260 million tokens. Of these, 189 million tokens were issued during the ICO. The remaining 71 million tokens are held in reserve by the Cosmos Foundation.
Token Distribution
The distribution of ATOM tokens is as follows:
- Seed investors: 7%
- ICO participants: 83%
- Cosmos Foundation: 10%
Use Cases of ATOM
ATOM is used for a variety of purposes within the Cosmos network, including:
- Paying transaction fees
- Securing the network through staking
- Voting on governance proposals
- Participating in the Cosmos ecosystem
Factors Affecting ATOM's Price
The price of ATOM is influenced by a number of factors, including:
- The overall crypto market conditions
- The demand for Cosmos services
- The development and adoption of the Cosmos ecosystem
- The supply and issuance of new ATOM tokens
Conclusion
ATOM is a critical part of the Cosmos ecosystem and is used for a variety of purposes. The price of ATOM is influenced by a number of factors, including the overall crypto market conditions, the demand for Cosmos services, and the development and adoption of the Cosmos ecosystem.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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