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Understand the issuance price and total issuance of SNX coins in one article
During its Initial Coin Offering in 2018, SNX's issuance price was $0.05, and its total supply is capped at 250 million coins.
Oct 03, 2024 at 08:00 am
Understanding SNX Coin's Issuance Price and Total Issuance
1. Issuance Price
The initial issuance price of SNX, the native token of the Synthetix protocol, was $0.05 during its Initial Coin Offering (ICO) on August 27, 2018.
2. Total Issuance
The total issuance of SNX coins is capped at 250,000,000. Of this total:
- 100,000,000 were released during the ICO.
- 150,000,000 are reserved for the (now discontinued) Synthetix Team Allocation and Ecosystem Fund.
3. Current Market Situation
As of [date], the current market price of SNX is [price]. The circulating supply is [supply], and the market capitalization is [capitalization].
4. Conclusion
The issuance price and total issuance of SNX coins play a fundamental role in understanding the token economy of the Synthetix protocol. These parameters determine the initial distribution and availability of SNX, impacting its price and market dynamics.
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