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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