-
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-2.87%
Introduction to the total issuance of SNX coin and the online exchanges
The total supply of SNX coins is 250 million, with 50% distributed through an ICO, 20% held by the foundation, and 10% allocated to each of the team, ecosystem fund, and community reserve.
Oct 09, 2024 at 12:53 pm
The total supply of SNX coins is capped at 250 million. Once this limit is reached, no new SNX coins will be created.
2. Distribution- Initial Coin Offering (ICO): 50% of the total SNX supply (125 million SNX) was sold through an ICO in 2018.
- Foundation Reserve: 20% of the total SNX supply (50 million SNX) is held by the Synthetix Foundation.
- Team and Advisors: 10% of the total SNX supply (25 million SNX) is allocated to the project's team and advisors.
- Ecosystem Fund: 10% of the total SNX supply (25 million SNX) is reserved for the development of the Synthetix ecosystem.
- Community Reserve: 10% of the total SNX supply (25 million SNX) is allocated for community initiatives and incentives.
SNX coins are available for trading on the following online exchanges:
- Binance
- FTX
- Coinbase
- Kraken
- Uniswap
- Sushiswap
The total supply and distribution of SNX coins play a crucial role in the stability and growth of the Synthetix ecosystem. By maintaining a capped supply and allocating a significant portion to the community, Synthetix ensures that the interests of all stakeholders are aligned over the long term.
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