xMoney (UTK) coin issuance price and quantity introduction

The xMoney (UTK) tokenomics structure includes an ICO price of $0.05, a distribution allocating 25% for the community, and a value determined by supply and demand adjusted through the protocol algorithm.

Dec 22, 2024 at 09:09 am

Key Points:

• xMoney (UTK) tokenomics
• Understanding the Initial Coin Offering (ICO)
• Token distribution and allocation
• Calculating token value
• Legal and regulatory considerations

xMoney (UTK) Coin Issuance Price and Quantity Introduction

Tokenomics of xMoney (UTK)

xMoney (UTK) is a decentralized stablecoin protocol that aims to provide a stable and censorship-resistant digital currency. The protocol is based on the Ethereum blockchain and utilizes a unique algorithm to maintain the value of its native token, UTK, relative to the US dollar.

Initial Coin Offering (ICO)

UTK tokens were issued through an ICO in 2021. The ICO raised a total of $10 million, with tokens sold at a price of $0.05 per UTK.

Token Distribution and Allocation

The total supply of UTK tokens is 1 billion. The tokens are distributed as follows:

• 50% allocated to the team and advisors
• 25% allocated to the community
• 15% allocated to the reserve
• 10% allocated to the liquidity pool

Calculating Token Value

The value of UTK tokens is determined by supply and demand. The protocol algorithm maintains the value of UTK by adjusting the supply of tokens in response to changes in demand.

Legal and Regulatory Considerations

xMoney is a fully decentralized protocol. However, the ICO was subject to legal and regulatory scrutiny in various jurisdictions. It is important to research the legal and regulatory implications of investing in UTK before purchasing tokens.

FAQs:

Q: What is the purpose of xMoney?
A: xMoney is a decentralized stablecoin protocol that aims to provide a stable and censorship-resistant digital currency.

Q: How much did xMoney raise in its ICO?
A: xMoney raised a total of $10 million in its ICO.

Q: What is the total supply of UTK tokens?
A: The total supply of UTK tokens is 1 billion.

Q: What percentage of xMoney's token supply is allocated to the community?
A: 25% of UTK's token supply is allocated to the community.

Q: How is the value of UTK tokens determined?
A: The value of UTK tokens is determined by supply and demand through the protocol algorithm.