ZEN coin issuance price and total issuance volume in one article

The Zenon Network's native token, ZEN, was initially issued at $0.0062 per token during its ICO in June 2018.

Oct 03, 2024 at 12:35 pm

1. ZEN Coin Issuance Price

The Zenon Network released its native token, ZEN, through an initial coin offering (ICO) in June 2018. The ICO price was determined through a Dutch auction and was initially set at $0.0078 per ZEN. However, the price gradually decreased throughout the auction, and the final issuance price was $0.0062 per ZEN.

2. Total Issuance Volume

The total issuance volume of ZEN is capped at 10 billion tokens. Of this amount, 3.35 billion ZEN were sold during the ICO. The remaining tokens are reserved for the Zenon Network team, ecosystem development, and future issuance events.

3. Distribution of ZEN

The distribution of ZEN is as follows:

• ICO (33.5%): 3.35 billion ZEN were sold to ICO participants.
• Zenon Network Team (21%): 2.1 billion ZEN are reserved for the Zenon Network team and early contributors.
• Ecosystem Development (15.5%): 1.55 billion ZEN are allocated to ecosystem development and applications.
• Future Issuance (30%): 3 billion ZEN are reserved for future issuance events, such as additional token sales or rewards programs.

4. Current Price and Market Position

As of [insert date], the price of ZEN is $0.277, with a total market capitalization of $925 million. The coin is ranked 121st in terms of market capitalization among all cryptocurrencies, according to CoinMarketCap.