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

NXT coin's issue price was approximately $0.00025 USD at its ICO in September 2013, with a total of 1 million coins issued.

Oct 07, 2024 at 09:42 pm

Understanding the Issue Price and Issue Quantity of NXT Coin

1. Issue Price of NXT Coin

The issue price of NXT coin, also known as the initial coin offering (ICO) price, was 0.000025 BTC per NXT. This translates to approximately $0.00025 USD at the time of the ICO (September 2013).

2. Issue Quantity of NXT Coin

A total of 1,000,000 NXT coins were issued during the ICO. The distribution of these coins was as follows:

• 95% (950,000 NXT) sold through the ICO
• 5% (50,000 NXT) reserved for the developers

3. Token Distribution Mechanism

The NXT coins were distributed through a lottery system. Participants in the ICO received a random number of coins based on the number of tickets they purchased. The lottery was designed to ensure a fair and equitable distribution of the coins.

4. Significance of Issue Price and Issue Quantity

The issue price and issue quantity of a cryptocurrency play a significant role in determining its initial value and liquidity. In the case of NXT, the low issue price made it accessible to a wider range of investors. The limited supply of 1 million coins also contributed to its early market value.

5. Current Value and Market Cap

As of August 10, 2023, the price of NXT is approximately $0.05 USD**. With a circulating supply of 999,580 NXT, the market capitalization stands at approximately **$50 million USD.