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One article to understand the issuance price and total issuance of SUSHI coins
SushiSwap's utility token, SUSHI, debuted at $1.50, with a fixed issuance cap of 250 million coins, ensuring its value and stability as a core component of the DeFi ecosystem.
Oct 09, 2024 at 06:30 am
Understanding SUSHI Coin Issuance Price and Total Supply
1. Initial Issuance Price
- The initial issuance price of SUSHI was $1.50 per coin.
2. Total Issuance
- The total issuance of SUSHI is limited to 250 million coins.
Explanation:
SUSHI is a utility token that powers the SushiSwap decentralized exchange (DEX). It was launched in September 2020 with an initial issuance price of $1.50. The total issuance of SUSHI is fixed at 250 million coins, ensuring a limited supply. This limited supply helps to maintain the value and stability of the SUSHI token.
Additional Information:
- SUSHI was originally sold through a series of investor rounds.
- The majority of the SUSHI supply is held by the SushiSwap community treasury.
- The community treasury uses SUSHI tokens to fund development and growth initiatives on the SushiSwap platform.
- SUSHI can be purchased on a variety of cryptocurrency exchanges, including Binance, Coinbase, and FTX.
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