What is the issuance and circulation of SSV coins?

As of January 2023, approximately 45 million SSV tokens are in circulation, representing nearly half of the 100 million tokens initially issued.

Oct 04, 2024 at 11:00 pm

Issuance and Circulation of SSV Coins1. Token Creation

SSV (Sharding Staking Validator) coins were created on the Ethereum blockchain on December 3, 2020.
A total of 100 million SSV tokens were issued with an initial distribution as follows:
- 35% for community incentives
- 30% for the team and advisors
- 15% for the treasury
- 15% for liquidity and exchanges
- 5% for initial investors

2. Token Sale

A public token sale was held on December 10, 2020, raising over $6 million.
The tokens were sold at a price of $0.20 each.

3. Token Distribution

The tokens were distributed to participants in the token sale and community incentives program.
The team and advisors received their tokens over a vesting period of 24 months.

4. Circulation

As of January 2023, approximately 45 million SSV tokens are in circulation.
The market capitalization of SSV coins is approximately $550 million.
SSV coins are traded on multiple exchanges, including Binance, Huobi, and Gate.io.

5. Token Use Cases

Staking: SSV coins are used to stake on the Ethereum network and earn rewards.
Governance: SSV coin holders can participate in the governance of the SSV network by voting on proposals.
Fee Generation: A portion of the fees earned by SSV validators is distributed to coin holders.
Liquidity: SSV coins can be traded for other cryptocurrencies or fiat currencies on exchanges.

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