Venus1100
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As of February 2021, there are 212,424,133 SNX crypto in circulation, with 114,841,533 SNX in circulation.
Synthetix sold more than 60 million tokens throughout the seed round and token sale stages, raising $30 million. The team and advisors received 20% of the total 100,000,000 coins issued during the ICO, followed by 3% for bounties and marketing incentives, 5% for partnership incentives, and 12% for the foundation.
The ERC20 standard is compatible with the SNX coin. Proof-of-stake (PoS) consensus is used to secure the Synthetix network. Holders of Synthetix put their SNX on the line and profit from network fees.
Staking incentives, the protocol's inflationary monetary policy, are another means for SNX stakers to gain rewards.
Synthetix sold more than 60 million tokens throughout the seed round and token sale stages, raising $30 million. The team and advisors received 20% of the total 100,000,000 coins issued during the ICO, followed by 3% for bounties and marketing incentives, 5% for partnership incentives, and 12% for the foundation.
The ERC20 standard is compatible with the SNX coin. Proof-of-stake (PoS) consensus is used to secure the Synthetix network. Holders of Synthetix put their SNX on the line and profit from network fees.
Staking incentives, the protocol's inflationary monetary policy, are another means for SNX stakers to gain rewards.
