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Token
Governance token for SyntheX
The $SYN token serves as the protocol ownership token for SyntheX. Holders of the $SYN token have the ability to participate in the governance of the protocol and share in its revenue.
One of the key benefits of holding $SYN tokens is the ability to vote on protocol decisions. Token holders can participate in on-chain governance and propose or vote on changes to the protocol. This allows the community to have a direct say in the direction of the protocol, ensuring that it remains decentralized and responsive to the needs of its users.
In addition to governance rights, $SYN token holders also have the ability to share in the protocol's revenue. 30% of the protocol's fees are distributed to $SYN token holders through a revenue-sharing mechanism. This allows token holders to earn a return on their investment and provides an incentive for them to hold and stake their tokens.
By holding $SYN tokens, individuals can be a part of the protocol's growth and development, and share in its success. The token-based governance and revenue-sharing mechanisms give holders a sense of ownership and control over the protocol. This helps to ensure that the protocol remains decentralized and responsive to the needs of its users.
The token distribution of Synthex, a decentralized finance (DeFi) platform, is designed to allocate the maximum supply of 1,000,000,000 SYN tokens to various stakeholders. The token allocation is as follows:
54.2% of the total supply is allocated to the community. This includes ecosystem rewards (30%), ecosystem development (4.2%), and a treasury (20%). The ecosystem rewards are intended to incentivize community participation, while the ecosystem development funds will be used to support the growth of the Synthex platform. The treasury will be used for future development and maintenance of the platform.
27.3% of the total supply is allocated to investors, including pre-seed, seed, series A, and public round participants. This allocation recognizes the role of early investors in the success of the platform.
18.5% of the total supply is allocated to the internal team, including the core team (12%) and advisors (3.5%). This allocation recognizes the contributions of the team and advisors to the development and success of the platform.
Allocation Pie Chart
SYN token distribution balances the interests of the community, investors, and the internal team, ensuring that all stakeholders have a stake in the success of the platform.
Release over time
Last modified 1mo ago