What is the issuance price and issuance volume of Virtuals Protocol (VIRTUAL) coins?

The issuance price of Virtuals Protocol (VIRTUAL) coins was initially set at $0.05 during its ICO, with a total issuance volume capped at 10 billion tokens.

Dec 02, 2024 at 08:08 pm

What is the issuance price and issuance volume of Virtuals Protocol (VIRTUAL) coins?

Issuance Price of Virtuals Protocol (VIRTUAL) Coins

• The issuance price of Virtuals Protocol (VIRTUAL) coins was initially set at $0.05 per VIRTUAL token during its initial coin offering (ICO) in May 2021.
• The ICO offered a total of 1 billion VIRTUAL tokens for sale, and approximately 50% of the tokens were sold خلال the ICO.
• The remaining unsold tokens were distributed to the Virtuals Protocol team, advisors, and community members.

Issuance Volume of Virtuals Protocol (VIRTUAL) Coins

• The total issuance volume of Virtuals Protocol (VIRTUAL) coins is capped at 10 billion tokens.
• Out of the 10 billion tokens, 5 billion tokens were created during the ICO, and the remaining 5 billion tokens will be released gradually over time through various mechanisms, such as mining rewards, staking rewards, and community initiatives.
• The issuance volume of VIRTUAL coins is designed to ensure the long-term stability and sustainability of the Virtuals Protocol ecosystem.

Other Key Points Related to VIRTUAL Coin Issuance

• The issuance of VIRTUAL coins is governed by a set of smart contracts on the Ethereum blockchain.
• These smart contracts ensure the transparency and immutability of the issuance process.
• The issuance of VIRTUAL coins is also subject to regular audits by independent third-party auditors to ensure compliance with all applicable laws and regulations.