What is the issuance price of ADA Coin?
- DDDOriginal
- 2024-04-24 11:11:44989browse
Adacoin was issued on September 25, 2017, with an issue price of $0.088. It is issued as a native token of the smart contract platform Cardano, used to pay transaction fees, participate in proof-of-stake consensus and governance decisions. Since its release, Cardano has experienced price fluctuations and has grown steadily post-2020 with the rise of the DeFi and smart contract fields.
Issue Price of ADA Coin
Issue Price: 0.088 USD
Issuance time: September 25, 2017
Other issuance information:
- Total issuance amount: 45 billion
- Pre-sale funds raised: 180 million US dollars
- Issuance method: Initial Coin Offering (ICO)
Issuance background:
Adacoin is the native token of the smart contract platform Cardano, created by the IOHK team. Cardano aims to solve the challenges of scalability, interoperability and security faced by blockchain technology.
Purpose of issuance:
The main uses of ADA coins include:
- Pay transaction fees
- Pledge to participate Proof-of-stake consensus mechanism
- is used for governance, allowing currency holders to make decisions on the development of Cardano
Post-Issuance Performance:
ADAcoin experienced significant volatility after its release, with its price peaking at $1.38 in 2018 before falling sharply during the bear market. Since 2020, the price of Cardano has steadily increased as the DeFi and smart contract sectors have taken off.
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