-
Bitcoin $94,944.8953
-0.13% - Ethereum
$1,809.2566
0.16% - Tether USDt
$1.0001
-0.01% - XRP
$2.2116
-1.95% - BNB
$600.6084
-0.46% - Solana
$148.7347
0.94% - USDC
$0.9999
-0.01% - Dogecoin
$0.1749
-0.74% - Cardano
$0.6918
-1.27% - TRON
$0.2468
1.27% - Sui
$3.4717
-2.85% - Chainlink
$14.6589
0.06% - Avalanche
$21.1283
-2.84% - UNUS SED LEO
$9.1486
1.33% - Stellar
$0.2713
-3.62% - Toncoin
$3.1776
-1.85% - Shiba Inu
$0.0...01335
-0.86% - Hedera
$0.1829
-2.70% - Bitcoin Cash
$368.6776
0.77% - Hyperliquid
$19.6834
6.85% - Polkadot
$4.1096
-1.07% - Litecoin
$84.6760
-1.42% - Dai
$1.0001
0.01% - Monero
$279.2786
1.04% - Bitget Token
$4.3521
-0.90% - Ethena USDe
$1.0003
0.07% - Pi
$0.6099
4.67% - Pepe
$0.0...08936
0.30% - Aptos
$5.4152
-0.07% - Uniswap
$5.2765
-1.31%
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 and Distribution of SNX Coins
1. Total Supply
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.
3. Online Exchanges
SNX coins are available for trading on the following online exchanges:
- Binance
- FTX
- Coinbase
- Kraken
- Uniswap
- Sushiswap
Conclusion
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.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- Hedera (HBAR) Enters May in a Fragile Yet Potentially Explosive Technical Setup
- 2025-05-01 09:15:12
- BTC stalls at key resistance with bearish signs mounting
- 2025-05-01 09:15:12
- Coinbase Expands Bitcoin-Backed Loans to the United States, Opening Instant Liquidity Without Triggering Taxable Events
- 2025-05-01 09:10:13
- HBAR Price Prediction: Will Hedera (HBAR) Ride the Bitcoin Wave or Fall Behind?
- 2025-05-01 09:10:13
- Market sentiment remains cautious ahead of the May 7 Ethereum Pectra upgrade, but optimism is beginning to return
- 2025-05-01 09:05:13
- Unstaked Governance Model, Pi’s $2.40 Forecast, & Hedera’s $10M Outflow: Best Crypto
- 2025-05-01 09:05:13
Related knowledge
What is DeFi? How does it leverage blockchain technology?
Apr 27,2025 at 12:49pm
What is DeFi? How does it leverage blockchain technology? Decentralized Finance, commonly known as DeFi, represents a shift from traditional centralized financial systems to a more open, permissionless, and transparent ecosystem built on blockchain technology. At its core, DeFi aims to recreate traditional financial instruments and services—such as lend...
What is impermanent loss insurance? What are the solutions?
Apr 12,2025 at 01:14am
What is Impermanent Loss Insurance? What are the Solutions? Impermanent loss is a significant concern for liquidity providers in decentralized finance (DeFi) platforms. It occurs when the price of tokens in a liquidity pool changes compared to when they were deposited, leading to a potential loss if the provider decides to withdraw their liquidity. To m...
What are algorithmic stablecoins? How do they maintain anchoring?
Apr 12,2025 at 11:35am
Algorithmic stablecoins represent a fascinating and innovative segment within the cryptocurrency ecosystem. These digital assets are designed to maintain a stable value, typically pegged to a fiat currency like the US dollar, through the use of algorithms rather than traditional collateral. This approach distinguishes them from other types of stablecoin...
What is leveraged mining? How is risk-return calculated?
Apr 11,2025 at 04:07pm
What is Leveraged Mining? How is Risk-Return Calculated? Leveraged mining is a strategy used in the cryptocurrency space where miners borrow funds to increase their mining capacity and potential returns. This approach can amplify both profits and losses, making it a high-risk, high-reward endeavor. Understanding how to calculate the risk and return asso...
What is an aggregator? How does 1inch optimize transaction paths?
Apr 12,2025 at 05:00pm
An aggregator in the cryptocurrency space is a tool that compiles and compares data from multiple decentralized exchanges (DEXs) to find the best possible trading routes and prices for users. Aggregators are essential for traders looking to optimize their transactions, as they can automatically search through various liquidity sources to ensure the most...
What is a flash exchange? How is it different from a normal exchange?
Apr 16,2025 at 03:43pm
A flash exchange, also known as a flash swap, is a relatively new concept within the cryptocurrency space that has gained significant attention due to its innovative approach to trading. Unlike traditional exchanges, flash exchanges leverage the power of decentralized finance (DeFi) protocols to enable instant, collateral-free trades. In this article, w...
What is DeFi? How does it leverage blockchain technology?
Apr 27,2025 at 12:49pm
What is DeFi? How does it leverage blockchain technology? Decentralized Finance, commonly known as DeFi, represents a shift from traditional centralized financial systems to a more open, permissionless, and transparent ecosystem built on blockchain technology. At its core, DeFi aims to recreate traditional financial instruments and services—such as lend...
What is impermanent loss insurance? What are the solutions?
Apr 12,2025 at 01:14am
What is Impermanent Loss Insurance? What are the Solutions? Impermanent loss is a significant concern for liquidity providers in decentralized finance (DeFi) platforms. It occurs when the price of tokens in a liquidity pool changes compared to when they were deposited, leading to a potential loss if the provider decides to withdraw their liquidity. To m...
What are algorithmic stablecoins? How do they maintain anchoring?
Apr 12,2025 at 11:35am
Algorithmic stablecoins represent a fascinating and innovative segment within the cryptocurrency ecosystem. These digital assets are designed to maintain a stable value, typically pegged to a fiat currency like the US dollar, through the use of algorithms rather than traditional collateral. This approach distinguishes them from other types of stablecoin...
What is leveraged mining? How is risk-return calculated?
Apr 11,2025 at 04:07pm
What is Leveraged Mining? How is Risk-Return Calculated? Leveraged mining is a strategy used in the cryptocurrency space where miners borrow funds to increase their mining capacity and potential returns. This approach can amplify both profits and losses, making it a high-risk, high-reward endeavor. Understanding how to calculate the risk and return asso...
What is an aggregator? How does 1inch optimize transaction paths?
Apr 12,2025 at 05:00pm
An aggregator in the cryptocurrency space is a tool that compiles and compares data from multiple decentralized exchanges (DEXs) to find the best possible trading routes and prices for users. Aggregators are essential for traders looking to optimize their transactions, as they can automatically search through various liquidity sources to ensure the most...
What is a flash exchange? How is it different from a normal exchange?
Apr 16,2025 at 03:43pm
A flash exchange, also known as a flash swap, is a relatively new concept within the cryptocurrency space that has gained significant attention due to its innovative approach to trading. Unlike traditional exchanges, flash exchanges leverage the power of decentralized finance (DeFi) protocols to enable instant, collateral-free trades. In this article, w...
See all articles
