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

Fetch.ai (FET) was initially offered to the public at an issue price of $0.006 during its ICO in March 2019.

Oct 07, 2024 at 12:36 am

1. Understanding Issue Price

The issue price, also known as the initial coin offering (ICO) price, is the price at which a cryptocurrency is first offered to the public. It represents the value that investors initially paid to acquire the coin.

2. FET Coin Issue Price

The issue price of FET coin, also known as Fetch.ai, was $0.006 during its ICO in March 2019.

3. Issue Quantity

During the ICO, Fetch.ai offered a total of 1,152,997,574 FET tokens to the public. This constituted approximately 60% of the total supply of FET coins.

4. Token Distribution

The remaining 40% of FET tokens were distributed as follows:

Team and advisors: 30%
Foundation: 10%

5. Historical Performance

Since its ICO, the price of FET coin has fluctuated significantly. As of March 2023, FET is trading at around $0.26, representing an increase of over 4,000% from its initial offering price.

6. Factors Influencing Issue Price

The issue price of a cryptocurrency is influenced by several factors, including:

Demand for the token
Market conditions
Tokenomics (token supply, distribution, and use case)
Investor sentiment

7. Conclusion

The issue price of FET coin was $0.006 during its ICO in March 2019. The token supply was distributed in a predetermined ratio, with 60% allocated to public sale. Since then, the price of FET has experienced significant growth, reaching a current value of around $0.26.

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