What is the issue price of KMD coin? Introduction to the issue price and issue quantity of KMD coin

The initial issue price of Komodo (KMD) coin during its ICO was a mere $0.002, vastly different from its current market value of approximately $0.30 as of January 2023.

Oct 19, 2024 at 09:00 pm

Understanding the Issue Price and Issue Quantity of KMD Coin

Komodo (KMD) is a privacy-focused cryptocurrency and blockchain platform. Here's an overview of its issue price and issue quantity:

1. Issue Price:

• The initial issue price of KMD was $0.002 during its ICO in September 2017.

2. Issue Quantity:

• The maximum supply of KMD is 200 million coins.

3. Coin Distribution:

• 80% (160 million KMD) was distributed via the ICO.
• 15% (30 million KMD) was reserved for the development team, advisors, and early investors.
• 5% (10 million KMD) was set aside for ecosystem growth and community initiatives.

4. Inflation Mechanism:

• Unlike some other cryptocurrencies, KMD has a built-in inflation mechanism.
• New coins are created at a fixed rate of 0.03 KMD per block, approximately every 60 seconds.
• This inflation helps maintain network security and incentivize miners.

5. Current Market Price:

• As of January 2023, the market price of KMD is approximately $0.30.
• The price has fluctuated significantly since the ICO, driven by factors such as market conditions and project developments.

Conclusion:

The issue price of KMD coin was $0.002 during its ICO, and the maximum supply is 200 million coins. The coin is primarily distributed through the ICO, with a portion reserved for development and community initiatives. KMD has a built-in inflation mechanism that produces new coins regularly, which helps secure the network and incentivize miners.