What is the issue price of AAVE coins? Introduction to the issue price and issue quantity of AAVE coins

AAVE coins, launched in 2020 at an initial price of $0.07 through an ICO, empower users to govern and utilize the AAVE lending and borrowing platform.

Oct 09, 2024 at 07:54 am

1. What is AAVE Coin?

AAVE is a decentralized lending and borrowing platform that allows users to earn interest on their crypto assets or borrow assets to leverage trading positions. The AAVE coin is the native token of the platform and serves as a governance token and utility token within the AAVE ecosystem.

2. Issue Price of AAVE Coins

The initial issue price of AAVE coins was $0.07 per token during its initial coin offering (ICO) on November 17, 2020.

3. Issue Quantity of AAVE Coins

A total of 16 million AAVE coins were issued during the ICO, representing 16% of the total supply of 100 million AAVE coins.

4. Allocation of Issued Coins

The issued coins were allocated as follows:

• 65%: Sold to the public during the ICO
• 20%: Reserved for team and advisors
• 10%: Allocated to the AAVE ecosystem development fund
• 5%: Allocated for airdrops and promotions

5. Current Market Price of AAVE Coins

As of [Insert Date], the market price of AAVE coins is [Insert Price].

Additional Information:

• The AAVE coin was initially known as the LEND token and was rebranded to AAVE in September 2020.
• AAVE coins are available for trading on various cryptocurrency exchanges, including Binance, Coinbase, and Kraken.
• The current total supply of AAVE coins is 13,014,307, of which approximately 12% is in circulation.