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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.
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!
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