What is the issuance price of Solana Coin? Introduction to Solana coin issuance price and quantity
- WBOYOriginal
- 2024-08-28 19:13:02548browse
Solana Coin Issuance Price: 0.21 USD
Issuance Quantity: 500 million
Issuance details
Solana Coin (SOL) was issued on March 15, 2020, with an issue price of $0.21. At that time, 30% of the total supply (150 million SOL) was sold through an initial coin offering (ICO), raising a total of $31.5 million.
Purpose of issuance
The funds raised by the ICO are used to fund the development and promotion of the Solana project. Solana is a high-speed, scalable blockchain platform designed to power decentralized applications and services.
Current Price
As of the time of writing (March 10, 2023), the price of 1 SOL is approximately $23. This represents a 10,900% increase from the issue price.
Issuance Distribution
The distribution of SOL tokens at the time of issuance is as follows:
- 30% for ICO
- 17.2% for teams and consultants
- 12.9% for seed and private investors
- 10.6% for foundations
- 6.6% for network maintenance
- 5.9% for ecosystem funding
- 3.6% for marketing and business development
- 3.2% for community development
So Ranacoin’s Future Prospects
SOL’s long-term value depends on its success as a blockchain platform. Solana has the advantages of high throughput, low latency, and low cost, making it an ideal platform for applications such as DeFi, NFT, and Web3. As these areas continue to grow, the demand and value of SOL is expected to rise.
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