When was ANKR coin issued? Learn about the origin of ANKR coin in one article

On October 29, 2019, the ANKR token, the native currency of the decentralized infrastructure platform ANKR Network, was officially launched on the Ethereum blockchain.

Sep 30, 2024 at 01:48 pm

The Origin of ANKR Coin

1. Inception and Launch
ANKR Network, the company behind ANKR coin, was founded in 2017 by Chandler Song and Ryan Fang. The ANKR token was officially launched on the Ethereum blockchain on October 29, 2019.

2. Initial Pre-Sale
Prior to the main launch, ANKR held a token pre-sale from September 12 to October 10, 2019. During this period, 75% of the total token supply (10 billion ANKR) was available for purchase at a price of $0.025 per token.

3. Public Sale and Distribution
The ANKR coin public sale commenced on October 29, 2019. The remaining 25% of the token supply was distributed to the public at a price of $0.03 per token. The sale raised a total of $50 million.

4. Tokenomics and Distribution
The ANKR token is an ERC-20 token with a maximum supply of 10 billion. The initial distribution of the tokens was as follows:

• Community Sale: 25%
• Team and Advisors: 15%
• Strategic Partnerships: 15%
• Treasury: 22.5%
• Investment Funds: 22.5%

5. Purpose and Utility
ANKR coin serves as the native currency of the ANKR Network, a decentralized infrastructure platform for blockchain applications. It is used for:

• Paying for cloud computing resources
• Staking to earn rewards
• Providing collateral for decentralized loans

Conclusion
The ANKR coin was launched in October 2019 as a way to facilitate the growth and development of the ANKR Network. It has since become an important part of the blockchain infrastructure ecosystem, enabling the deployment and scalability of decentralized applications.