Home web3.0 How much is the original issuance price of FIL coins?

How much is the original issuance price of FIL coins?

May 09, 2024 pm 06:39 PM
cryptocurrency

The original issuance price of FIL coin is US$0.25. Its token allocation includes: 50% for miner rewards, 25% for the Filecoin Foundation, 15% for Protocol Labs, and 10% for early investors. Since its issuance, FIL coin prices have experienced significant fluctuations, affected by factors such as network growth, miner participation, market trends, and the regulatory environment.

How much is the original issuance price of FIL coins?

Original issuance price of FIL coin

FIL coin, the full name is Filecoin, is the native token of the Filecoin network. Its original offering price was $0.25$.

Original Offering Overview

Filecoin held an initial coin offering (ICO) on October 15, 2020, raising $205 million. Its token distribution is as follows:

  • 50% is allocated to miner rewards
  • 25% is allocated to the Filecoin Foundation
  • 15% is allocated to Protocol Labs (the development of Filecoin Company)
  • 10% allocated to early investors

Subsequent Price Performance

Since the original issuance, the price of FIL Coin has experienced Big swings. Following the ICO, its price surged to over $200, but has since fallen back. As of February 2023, the price of FIL coin is around $5.

Price Influencing Factors

The price of FIL coin is affected by a variety of factors, including:

  • Growth and adoption of the Filecoin network
  • Miner participation and competitiveness
  • Overall trends in the cryptocurrency market
  • Changes in the regulatory environment

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