Tezos
About Tezos
The price of Tezos (XTZ) is $0.65170367 today, as of Sep 01 04:00 a.m., with a 24-hour trading volume of $20.92M. Over the last 24 hours, the price has decreased by -3.24%. Tezos currently has a circulating supply of 996.65M and a market cap of $649.52M.
XTZ is the native cryptocurrency of Tezos, which is an open-source smart contract platform used to issue new digital assets and create decentralized applications, or dapps. XTZ fuels the Tezos platform and enables holders to participate in voting on Tezos protocol proposals.
Tezos raised the equivalent of $232 million in bitcoin and ethereum during its initial coin offering (ICO) in July 2017. At the time, the sale of the XTZ tokens was the largest ICO to date, raising more than 10 times the initially targeted $20 million.
At launch, about 763 million XTZ were distributed, with 79.59% of the initial XTZ supply allocated to ICO participants. 10% was allocated for the Tezos Foundation, 10% went to Dynamic Ledger Solutions, the developer of the blockchain, and the remaining 0.41% percent went to early backers. The Tezos Foundation and DLS allocations were subject to a vesting requirement of four years, with the vesting schedule starting when certain project milestones are achieved.
XTZ reached its all-time high of $12.13 in December 2017 at the same time many other cryptocurrencies were experiencing similar price peaks. But unlike other cryptocurrencies, XTZ has never returned above its all-time high since then. The closest it’s been was when the XTZ’s price surged to $9.13 in October 2021.