What is the issue price of ZEN coins? Introduction to the issue price and issue quantity of ZEN coins

During its ICO in May 2017, Horizen (ZEN) distributed its entire supply of 100 million coins, raising $12 million.

Oct 02, 2024 at 04:30 am

Understanding the Issue Price of ZEN Coins

1. What is the Issue Price of ZEN Coins?

The issue price of ZEN coins refers to the initial price at which they were offered to the public during their initial coin offering (ICO). In the case of Horizen (ZEN), the issue price was not explicitly stated during its initial launch.

2. ICO Details

Horizen launched its ICO in May 2017. The ICO had a maximum supply of 100 million ZEN coins. The total funds raised during the ICO amounted to approximately $12 million.

3. Issue Quantity

The entire supply of 100 million ZEN coins was distributed during the ICO. This means that no additional ZEN coins were created after the ICO.

4. Post-ICO Trading

After the conclusion of the ICO, ZEN coins became available for trading on various cryptocurrency exchanges. The value of ZEN has fluctuated significantly since its launch, influenced by market conditions, project updates, and overall cryptocurrency trends.

5. Current Market Price

As of the date of this article (October 5, 2023), the current market price of ZEN coins is approximately $21.73. The market capitalization of ZEN is approximately $2.2 billion.

Conclusion

The issue price of Horizen (ZEN) coins was not explicitly stated during the initial coin offering. However, the total supply of 100 million ZEN coins was distributed through the ICO, raising $12 million. The value of ZEN coins has fluctuated in the market since their launch, with their current market price being approximately $21.73 as of October 5, 2023.