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  • Market Cap: $3.4448T 2.380%
  • Volume(24h): $175.5868B 63.410%
  • Fear & Greed Index:
  • Market Cap: $3.4448T 2.380%
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Kujira (KUJI) coin issuance price and quantity introduction

The Kujira (KUJI) token, offered at an issuance price of $0.10 during its IDO, comprises a total supply of 100,000,000 tokens distributed among various stakeholders, including IDO participants who hold 40% of the initial supply.

Dec 22, 2024 at 02:59 am

Key Points:

  • Kujira (KUJI) is a decentralized finance (DeFi) token built on the Cosmos ecosystem.
  • The coin's issuance price was set at $0.10 during its initial decentralized exchange (DEX) offering (IDO) on June 7, 2022.
  • The total supply of KUJI is 100,000,000 tokens, of which 40% (40,000,000 KUJI) was distributed to IDO participants.
  • The remaining 60% of the KUJI supply is allocated to various stakeholders, including the team, investors, and community development fund.

Issuance Price

  • KUJI's issuance price of $0.10 was determined during its IDO on Osmosis Zone, a popular DEX on the Cosmos network.
  • The IDO lasted for two hours, during which participants could purchase KUJI tokens using OSMO, the native token of Osmosis Zone.
  • Of the 40,000,000 KUJI tokens allocated for the IDO, 20,000,000 tokens were available for whitelisted participants, while the remaining 20,000,000 tokens were sold in a public lottery.

Quantity

  • The total supply of KUJI is set at 100,000,000 tokens.
  • The distribution of the initial supply is as follows:

    • IDO participants: 40% (40,000,000 KUJI)
    • Team: 25% (25,000,000 KUJI)
    • Investors: 15% (15,000,000 KUJI)
    • Community development fund: 10% (10,000,000 KUJI)
    • Strategic reserve (locked for 6 months): 10% (10,000,000 KUJI)

Potential Funding Raised

  • Assuming all KUJI tokens allocated to the IDO were sold at the issuance price of $0.10, the project would have raised approximately $4 million.
  • This funding would be used to support the development of the Kujira platform, which aims to streamline and enhance the DeFi experience on the Cosmos ecosystem.

FAQs:

  • What is the purpose of KUJI tokens?

    • KUJI tokens are used for various purposes within the Kujira platform, including staking, governance, and fee payments.
  • How can I buy KUJI tokens?

    • KUJI tokens can be purchased on Osmosis Zone, PancakeSwap, and other decentralized exchanges.
  • Can I stake KUJI tokens?

    • Yes, you can stake KUJI tokens on the Kujira platform to earn rewards in the form of KUJIRA (KLAY) tokens, which represent the platform's revenue.
  • How does the Kujira platform benefit users?

    • The Kujira platform offers several features that benefit users, such as automated yield farming, margin trading, and liquidations.
  • Is the Kujira platform safe to use?

    • Kujira is built on the Cosmos network, which has a strong security reputation. The platform also employs various measures, such as multi-sig wallets and smart contract audits, to ensure user funds are protected.

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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