What is the initial issuance price of etc

The initial issuance price of ETC is about US$12, which is calculated based on the price of ETH when the hard fork is used. ETC is forked from ETH.

What is the initial issuance price of ETC

Ethereum Classic (ETC) is a branch of the Ethereum blockchain that was separated from Ethereum (ETH) through a hard fork on July 20, 2016. Understanding the initial issuance price of ETC is an important issue for investors and blockchain enthusiasts. This article will discuss in detail the initial issuance price of ETC and its related background.

The Origin of ETC

The origins of Ethereum Classic (ETC) can be traced back to June 17, 2016, when a famous DAO attack occurred on the Ethereum network. The attack resulted in the stolen Ether worth about $50 million. To solve this problem, the Ethereum community decided to restore the stolen funds through hard forks. However, some community members believe that this intervention violates the decentralization principle of blockchain, so they choose to continue to support the original blockchain, which is Ethereum Classic (ETC) .

The initial issuance method of ETC

ETC is not issued through traditional ICO (initial token issuance). Instead, it is separated from the Ethereum blockchain by hard fork. Therefore, the initial issuance price of ETC is not determined through open market transactions, but is calculated by the price of ETH when the hard fork is used.

Calculation of initial issuance price of ETC

When a hard fork occurs, Ethereum (ETH) costs about $12 . Since ETC is forked from ETH, the initial issuance price of ETC can be regarded as a direct reflection of the ETH price. Therefore, the initial issuance price of ETC is about $12 .

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Listing of ETC on exchanges

ETC was listed on some major cryptocurrency exchanges shortly after the hard fork. These exchanges include Poloniex, Bittrex and Kraken. Since the supply of ETC in the early stage of listing is the same as that of ETH, its price is basically the same as that of ETH in the early stage of listing.

Early fluctuations in ETC prices

In the early stages of listing, the price of ETC experienced significant fluctuations. This is mainly due to the different market acceptance of ETC and expectations of its long-term value. Within a few months after the hard fork, the price of ETC fell below $1 , but then gradually rebounded.

Comparison of price between ETC and ETH

The prices of ETC and ETH remained relatively consistent for a period of time after the hard fork. However, over time, the price of ETC gradually widened the gap with ETH. As of the months after the hard fork, the price of ETC is about 10% of the ETH price.

Factors affecting the initial issuance price of ETC

The initial issuance price of ETC is affected by a variety of factors, including market response to hard forks, expectations for the future development of ETC, and fluctuations in the overall cryptocurrency market. These factors work together to form the price trend of ETC in the early stage of the hard fork.

The significance of the initial issuance price of ETC

Understanding the initial issuance price of ETC is of great significance to investors and researchers. It not only reflects the market's initial acceptance of ETC, but also provides an important reference for subsequent price trends. By analyzing the initial issuance price of ETC, it can better understand its positioning and value in the cryptocurrency market.

Frequently Asked Questions

Q: Is the initial issuance price of ETC affected by market sentiment after the hard fork?

A: Yes, the initial issuance price of ETC is largely affected by market sentiment after the hard fork. Due to some community members’ objections to hard forks, both ETC’s initial acceptance and price were affected.

Q: What is the relationship between the initial issuance price of ETC and the price of ETH?

Answer: The initial issuance price of ETC is closely related to the price of ETH, because ETC is forked from ETH. When hard fork, the price of ETC is basically the same as that of ETH.

Q: How much does ETC price fluctuate after hard fork?

Answer: The price fluctuates considerably after the hard fork. In the early stages of listing, the price of ETC fell below $1, but then gradually rebounded. This volatility reflects the market's acceptance of ETC and its expectations for its long-term value.

Q: What impact does the initial issuance price of ETC have on its long-term value?

Answer: The initial issuance price of ETC has a certain impact on its long-term value. The initial price reflects the market's initial acceptance and expectations of ETC, and these factors affect ETC's subsequent price trend and market positioning to a certain extent.

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