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What is the issuance price and issuance volume of SolarX (SXCH) coins?
The issuance price of SolarX (SXCH) coins during their ICO in 2018 was $0.01, with a total issuance volume of 10 billion coins, of which 70% were available for public sale.
Dec 02, 2024 at 03:10 am
Issuance Price and Volume of SolarX (SXCH) Coins
Issuance Price
The issuance price of SolarX (SXCH) coins was $0.01 during its initial coin offering (ICO) in 2018.
Issuance Volume
The total issuance volume of SolarX (SXCH) coins is 10 billion. Out of this, 70% (7 billion SXCH) were available for public sale during the ICO, while the remaining 30% (3 billion SXCH) were allocated to the project team, advisors, and early investors.
Distribution of SXCH Coins
Here's a detailed breakdown of the SXCH coin distribution:
- Public Sale: 7 billion SXCH (70%)
- Team and Advisors: 1.5 billion SXCH (15%)
- Early Investors: 1.2 billion SXCH (12%)
- Foundation: 300 million SXCH (3%)
Purpose of the Issuance
The issuance of SXCH coins served several purposes, including:
- Funding the SolarX Project: The funds raised from the ICO were used to develop and launch the SolarX platform, its blockchain infrastructure, and decentralized applications (dApps).
- Rewarding Early Supporters: Participants in the ICO received SXCH coins in exchange for their financial contributions, becoming early supporters of the project.
- Incentivizing Network Participation: SXCH coins are used to incentivize users to participate in the SolarX network, such as by providing computing resources, trading assets, and developing dApps.
Current Price and Market Cap
As of [Insert Date], the current price of SolarX (SXCH) coin is $0.02**. The fully diluted market capitalization of the project is around **$200 million.
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