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AAVE coin issuance price and total issuance volume are understood in one article
The AAVE lending platform's ERC-20 token, issued in January 2020 at $0.50 per token, has a total issuance volume of 16,000,000 tokens, with 13,000,000 offered in the ICO.
Oct 04, 2024 at 05:11 am
AAVE Coin Issuance Price and Total Issuance Volume
1. AAVE Coin Issuance Price
AAVE is an ERC-20 token that powers the Aave lending platform. It was issued on January 7, 2020, at a price of $0.50 per token.
2. Total Issuance Volume
The total issuance volume of AAVE is 16,000,000 tokens. Of this total, 13,000,000 tokens were sold in the initial coin offering (ICO), and the remaining 3,000,000 tokens are held by the Aave team.
3. Token Distribution
The ICO tokens were distributed as follows:
- 20% to seed investors
- 30% to private investors
- 50% to public investors
The team tokens are held in a time-locked wallet, and will be released gradually over the next four years.
4. Use Cases for AAVE
AAVE is used to pay for gas fees on the Aave lending platform. It can also be used to stake in the Aave protocol, which allows users to earn rewards in the form of AAVE tokens.
5. Price Performance
Since its launch, AAVE has performed well, reaching a high of $472.36 on August 18, 2021. However, the token has since corrected, and is currently trading at around $100.
Conclusion
AAVE is a promising cryptocurrency with a strong use case and a limited supply. The token has performed well since its launch, and has the potential to continue to grow in value in the future.
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