xem coin issuance price

The initial issuance price of XEM coins is 0.001 BTC. Factors affecting the issuance price include Bitcoin price, NEM platform value and market demand. After its issuance, the XEM coin price experienced fluctuations, soaring to around $1.25 during the 2017 bull market and currently stabilizing at around $0.1.

XEM Coin Issuance Price

XEM Coin is a cryptocurrency issued by the NEM Foundation, and its initial issuance price for 0.001 BTC (Bitcoin).

Issue History

XEM Coin was issued through an Initial Coin Offering (ICO) on March 31, 2015. The ICO sold a total of 9,999,999,999 XEM coins and raised 4,850 Bitcoins, which was approximately $5.5 million at current exchange rates.

Factors affecting the issuance price

The issuance price of XEM coins is affected by the following factors:

• Bitcoin price:Since the issuance price of XEM coins is denominated in Bitcoin, fluctuations in the price of Bitcoin will directly affect the issuance price of XEM coins.
• NEM Platform Value: The value and usage of the NEM platform will also affect the demand for XEM coins and thus its issuance price.
• Market demand: Market demand during the ICO is a key factor in determining the XEM coin issuance price.

Subsequent Price Changes

After the issuance of the XEM coin, its price has experienced significant fluctuations. During the 2017 cryptocurrency bull run, the price of XEM coin surged to around $1.25. However, the price has since fallen back significantly and is currently stable at around $0.1.

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