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  • Market Cap: $2.9466T -0.810%
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What is the issuance price and issuance volume of ONDO coins?

ONDO coin's issuance price (initially $0.08 USD) and volume (1 billion coins released into the market) set the initial benchmark for valuing and trading the token.

Dec 02, 2024 at 03:34 pm

Understanding ONDO Coin Issuance: Exploring Price and Volume Dynamics

ONDO coin, a native token within the Ontology blockchain ecosystem, plays a pivotal role in facilitating transaction fees, governance participation, and access to decentralized applications (dApps). Its issuance price and volume hold significant sway in determining the coin's initial market valuation and subsequent price movements.

Issuance Price

The issuance price of ONDO coins refers to the initial price at which they were sold to the public during the token's initial coin offering (ICO). This price serves as a benchmark for assessing the coin's subsequent performance against its original valuation.

  • Initial Issuance Price: ONDO coins were initially offered at $0.08 USD during the project's ICO, which took place from April 22 to May 12, 2018.
  • Factors Influencing Issuance Price: Several factors can influence the issuance price of a coin, including the project's perceived value, market conditions, and investor demand.

Issuance Volume

The issuance volume of ONDO coins represents the total number of coins released into the market during the ICO. This volume impacts the coin's initial supply and distribution, affecting its circulating supply and market liquidity.

  • Total Issuance Volume: The total issuance volume of ONDO coins amounted to 1 billion coins, making it a relatively large initial supply.
  • Distribution: Of the total issuance volume, 35% (350 million coins) were allocated to the ICO, while the remaining 65% (650 million coins) were reserved for the project treasury, team, and future development initiatives.

Bonding Mechanism

ONDO coin's issuance mechanism incorporates a unique bonding mechanism. This mechanism allows token holders to lock up their coins for a predetermined period of time in exchange for Ontology Gas (ONG) rewards. The bonded coins are then removed from circulation, reducing the coin's circulating supply.

  • Benefits of Bonding: Bonding encourages long-term coin holding and reduces price volatility by limiting the supply available for trading.
  • Impact on Market Value: The bonding mechanism can potentially increase the value of ONDO coins by reducing the circulating supply and increasing demand for the remaining coins.

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