The DBC coin issuance price and total issuance volume are learned in one article

The DubaiCoin (DBC) utility token, issued at $1.00 per token during its 2017 ICO, has a total supply of 1 billion tokens dedicated to incentivizing participation, facilitating transactions, and supporting the development of a blockchain-based smart city in Dubai.

Oct 05, 2024 at 08:05 pm

DBC Coin Issuance Price and Total Issuance Volume

1. Issuance Price:

The DBC (DubaiCoin) token was issued through an Initial Coin Offering (ICO) in November 2017 at a price of:

• $1.00 USD per DBC token

2. Total Issuance Volume:

The total supply of DBC coins issued during the ICO was 1 billion tokens.

3. Expansion:

The DBC coin is a utility token designed for use within the DubaiCoin ecosystem, which aims to create a blockchain-based smart city in Dubai. The total issuance volume of 1 billion DBC tokens is intended to ensure sufficient supply for the following purposes:

• Incentivizing participation: Rewarding users for contributing to the DubaiCoin network and adopting its services.
• Facilitating transactions: Enabling users to make purchases, pay for services, and transfer funds using DBC within the DubaiCoin ecosystem.
• Supporting infrastructure: Providing funding for the development and maintenance of DubaiCoin's blockchain infrastructure and smart city initiatives.

The controlled total issuance and use of DBC coins aim to create a stable and functional economy within the DubaiCoin ecosystem.