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Token sale insights

Ryan MorrisonRyan Morrison

I’d like to share with you in this short article some of the insights we got from our token sale and to answer some common questions.

As many of you know we did a pre sale back in May this year, followed by a public sale in September.

What was the price of the CDX token on the token sale?

Pre sale: 1 ADA = 10 CDX

Public sale: 1 ADA = 5 CDX

How many people participated in the public sale?

425 people participated in the public sale.

Did all participants have to go through KYC?

Yes, everyone who who participated in the token sale had to go through the KYC process first.

Were American citizens allowed to take part in the token sale?

No, citizens of any of the following countries were not able to participate in the token sale:

Afghanistan
The Bahamas
Barbados
Botswana
Cambodia
China (People’s Republic of China)
Democratic People’s Republic of Korea (DPRK)
Ghana
Iran
Iraq
Jamaica
Mauritius
Myanmar
Nicaragua
Pakistan
Panama
Syria
Trinidad and Tobago
Uganda
United States of America
Vanuatu
Yemen
Zimbabwe

How much ADA did Cardax raise in their public sale?

We raised 3.6 million ADA in the public sale and 1.2 million ADA in the pre sale.

What is the current price of CDX?

At the time of publishing this article CDX has a price of $0.43

What is the current Circulating Supply of CDX?

The current Circulating Supply of CDX is 30,000,000 CDX

What is the current Market Cap of Cardax?

The current Market Cap of Cardax is $12,900,000

Market Cap = Price x Circulating Supply.

The current price of CDX is USD $ 0.43 (based on the price of ADA on October 18th 2021 which is when this article was published)

The current circulating supply of CDX is 30,000,000.

*According to Coinmarketcap (check their FAQ), Market Capitalization is one way to rank the relative size of a cryptocurrency. It’s calculated by multiplying the Price by the Circulating Supply.

Thus, market cap is calculated on the Circulating Supply not on the Total Supply. Based on that premise, the concept of fully diluted market cap is irrelevant. What is relevant is Market Capitalization.

We use the following formula to calculate the current Market Cap of Cardax:

1 ADA ÷ 5 = CDX price

At today’s ADA price of $2.15

2.15 ÷ 5 = 0.43

So the price of CDX today is $ 0.43

Founder & CEO at Cardax

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