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What is the issuance price and issuance volume of PARSIQ (PRQ) coins?
The initial coin offering (ICO) of PARSIQ (PRQ) featured an issuance price of $0.10 USD and a volume of 500 million tokens released into circulation.
Dec 30, 2024 at 03:56 am
Key Points:
- Issuance Price: $0.10 USD
- Issuance Volume: 500 million PRQ tokens
Issuance Details:
1. Issuance Price:
The issuance price of PARSIQ (PRQ) coins was initially set at $0.10 USD during its initial coin offering (ICO) in 2019. This price was determined through a combination of market analysis and investor demand, to ensure a fair and attractive entry point for early adopters and investors.
2. Issuance Volume:
A total of 500 million PRQ tokens were issued during the ICO, representing the maximum supply of the token that can ever exist. This issuance volume was carefully chosen to balance the need for a sufficient token supply to meet market demand, while also maintaining the token's scarcity and value over time.
3. Allocation of Tokens:
The 500 million PRQ tokens were allocated as follows:
- 40% (200 million PRQ) were sold to investors during the ICO.
- 30% (150 million PRQ) were allocated to the PARSIQ team and advisors.
- 20% (100 million PRQ) were reserved for future development, partnerships, and ecosystem incentives.
- 10% (50 million PRQ) were held in a liquidity pool to ensure market stability and trading volume.
4. Token Distribution:
The distribution of PRQ tokens occurred in multiple phases:
- The ICO took place in April 2019, with 40% of the total supply made available to investors.
- The remaining tokens were gradually released to the PARSIQ team and ecosystem over the following years.
- As of 2023, the majority of the PRQ tokens are in circulation and available for trading on various cryptocurrency exchanges.
FAQs:
Q: Why was the issuance price of PRQ set at $0.10 USD?
A: The issuance price was determined through market analysis and investor demand, aiming for a fair and attractive entry point for early adopters and investors.
Q: What is the purpose of the 20% token allocation for future development and ecosystem incentives?
A: This allocation allows PARSIQ to invest in future product enhancements, partnerships, and initiatives that will drive the growth and adoption of the PARSIQ ecosystem.
Q: How does the token distribution process ensure market stability?
A: The gradual release of tokens to the PARSIQ team and ecosystem helps prevent large-scale dumps and market volatility, maintaining a healthy balance between supply and demand.
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