What is the issue price and issue volume of Mantra coin

The Mantra coin ITO in May 2021 issued 100 million tokens at $0.05 each, establishing its initial supply and issue price.

Nov 08, 2024 at 06:53 pm

Mantra Coin: Issue Price and Volume

Mantra coin, the native token of the Mantra DAO ecosystem, plays a crucial role in the governance, staking, and reward distribution within the platform. Understanding its issue price and volume is essential for grasping the coin's value and utility in the broader cryptocurrency market.

Issue Price

The issue price of Mantra coin is the initial price at which the token was offered during its initial token offering (ITO).

• The Mantra coin ITO was conducted in May 2021.
• The issue price was set at $0.05 per token.
• A total of 100 million Mantra coins were issued during the ITO.

Issue Volume

The issue volume of Mantra coin refers to the total number of tokens released into circulation during its ITO.

• As mentioned earlier, the initial issue volume was set at 100 million Mantra coins.
• This volume represents the initial supply of the coin.
• The remaining tokens were allocated to various other purposes, such as development, marketing, and community incentives.

Factors Affecting Issue Price and Volume

The issue price and volume of Mantra coin are influenced by several key factors:

• Market Demand: The demand for Mantra coin from buyers and investors directly impacts its issue price. If there is strong demand, the price is likely to rise.
• ITO Strategy: The ITO strategy adopted by the Mantra DAO team, such as the number of tokens issued and the distribution schedule, can also affect the issue price and volume.
• Token Economics: The economic model of Mantra coin, including its use cases, supply and demand dynamics, and inflation rates, influence its value in the long run.
• Market Conditions: Broader market conditions, such as general market sentiment and price trends in the cryptocurrency space, can also impact the issue price and volume of Mantra coin.