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.

Fear & Greed Index

Trade Now

Biggest Gainers

GIGA

$0.0147

50.43%

Trade Now
BANANA

$15.9865

36.95%

Trade Now
SOS

$0.1623

26.84%

Trade Now
STMX

$0.0044

26.56%

Trade Now
TOSHI

$0.0...03785

24.44%

Trade Now
XYO

$0.0114

24.37%

Trade Now

Latest Crypto News

The price of Hyperliquid's native token dropped 8.5% on Wednesday morning as a whale liquidation event appeared to leave Hyperliquid's HLP (Hyperliquidity Provider) vault with a $4 million loss.
2025-03-12 22:05:50
Bittensor (TAO), Solaxy (SOLX), and Mind of Pepe (MIND) Are the Best Crypto to Buy in March 2025
2025-03-12 22:05:50
Hyperliquid (Hype) Crypto Trading Platform Is Under the Microscope for Multiple Hoog-Leverage Trades
2025-03-12 22:05:50
Remittix Emerges as a Utility-Driven Project Targeting the $190 Trillion Cross-Border Payments Market
2025-03-12 22:05:50
Y Combinator (YC) Backs Stablecoins
2025-03-12 22:05:50
Best Uniswap (UNI) Wallet in 2025: Review of Uniswap's Native Non-Custodial Wallet
2025-03-12 22:05:50

Related knowledge

How does DeFi enable trustless financial transactions?

Mar 12,2025 at 07:11pm

Key Points:DeFi leverages smart contracts to automate trust, eliminating the need for intermediaries.Decentralized exchanges (DEXs) offer peer-to-peer trading without centralized control.Transparency through blockchain ensures verifiability and accountability.Cryptographic techniques secure assets and transactions, mitigating fraud risks.Various DeFi pr...

What are DeFi's regulatory agencies?

Feb 16,2025 at 05:18am

Key Points:DeFi: Definition, Architecture, and Regulatory ChallengesRole of Decentralized Autonomous Organizations (DAOs) in Self-RegulationLegal Frameworks for DeFi in the United States and European UnionInternational Cooperation and the Global DeFi Regulatory LandscapeJurisdictional Issues and Considerations for DeFi EntitiesEnforcement Actions and Li...

What is DeFi's FATF policy?

Feb 17,2025 at 08:06am

DeFi's FATF Policy: A Comprehensive GuideKey Points:FATF's Definition of Virtual Assets and VASPsFATF's Recommendations for DeFi PlatformsFATF's Travel Rule and its Implementation in DeFiThe Impact of FATF's Policy on DeFi AdoptionFAQs about DeFi's FATF PolicyFATF's Definition of Virtual Assets and VASPsThe Financial Action Task Force (FATF) is an inter...

What is DeFi's CFT policy?

Feb 16,2025 at 11:54am

Key Points:Understanding CFT and its Significance in DeFiRegulatory Framework and KYC in DeFiImplementing AML/CFT Measures in DeFiProtocolsRole of Smart Contracts and Blockchain AnalysisChallenges and Future Developments in DeFi's CFT PolicyUnderstanding CFT and its Significance in DeFiCounter-Financing of Terrorism (CFT) is a crucial aspect of the cryp...

What is DeFi's AML policy?

Feb 15,2025 at 07:48pm

DeFi's AML Policy: Enhancing Compliance in the Crypto EcosystemKey Points:Understanding the Need for AML/CFT Compliance in DeFiChallenges and Limitations of DeFi AML PoliciesDecentralized Identity and Verification SolutionsSmart Contract Optimization for AML EnforcementCollaboration with Regulators and Law EnforcementUnderstanding the Need for AML/CFT C...

What is DeFi's KYC policy?

Feb 16,2025 at 03:51pm

Key Points:Understanding Decentralized Finance (DeFi)KYC Verification in DeFiBenefits and Drawbacks of KYC in DeFiNotable KYC-Compliant DeFi ProjectsTrends and Future of KYC in DeFiWhat is DeFi's KYC Policy?Decentralized Finance (DeFi) refers to a transformative financial ecosystem that operates on decentralized blockchain networks. Unlike traditional f...