Kujira (KUJI) coin issuance time

Kujira's ICO, held on February 9, 2021, raised $5.2 million from over 11,000 participants, highlighting the significant interest in the project's decentralized finance platform.

Dec 25, 2024 at 06:43 am

Kujira (KUJI) Coin Issuance Time

Key Points:

• Kujira's Initial Coin Offering (ICO) took place on February 9, 2021.
• The token sale raised $5.2 million from a total of 11,356 participants.
• The KUJI token is an ERC-20 token that operates on the Ethereum blockchain.
• The token has a maximum supply of 200,000,000 KUJI.

Detailed Explanation:

1. ICO Launch Date

Kujira's ICO officially launched on February 9, 2021, and ran until February 26, 2021. During this period, investors were able to purchase KUJI tokens at a price of $0.45 per token.

2. ICO Fundraise Amount

The ICO raised a total of $5.2 million from a pool of 11,356 participants. This amount exceeded the project's initial goal of $5 million.

3. Token Distribution

70% of the total KUJI token supply was distributed to ICO participants. The remaining 30% was allocated as follows:

• 10% to the team and advisors
• 10% to the community treasury
• 5% to the ecosystem fund
• 5% to strategic partners

4. Token Standard and Blockchain

KUJI is an ERC-20 token that operates on the Ethereum blockchain. This means that the token is compatible with Ethereum wallets and can be traded on decentralized exchanges.

5. Token Supply and Utility

The total supply of KUJI tokens is 200,000,000. The token serves several utilities within the Kujira ecosystem, including:

• Governance: Staking KUJI tokens allows holders to vote on proposals and participate in the project's decision-making process.
• Rewards: KUJI tokens can be earned as rewards for providing liquidity or staking on the Kujira platform.
• Ecosystem Fees: KUJI tokens are used to pay transaction fees and other expenses within the ecosystem.

FAQs:

Q: What is the purpose of the Kujira platform?

A: Kujira is a decentralized finance (DeFi) platform that offers a range of features, including yield farming, liquidity staking, and leveraged lending.

Q: What is the projected long-term value of the KUJI token?

A: The long-term value of the KUJI token depends on a variety of factors, including the growth of the Kujira ecosystem, the overall crypto market conditions, and the adoption of DeFi solutions.

Q: Is there a minimum investment requirement for the Kujira platform?

A: There is no minimum investment requirement for the Kujira platform. However, some features or opportunities may require a certain amount of KUJI tokens to participate.