Disclaimer: This page may contain affiliate links. CoinMarketCap may be compensated if you visit any affiliate links and you take certain actions such as signing up and transacting with these affiliate platforms. Please refer to Affiliate Disclosure.
Synthetify news
About Synthetify
What is Synthetify protocol?
Synthetify protocol enables creation, exchange and burn of synthetic assets based on prices provided by a decentralized system of oracles. On Synthetify exchange trading is executed against the public debt pool that allows for almost infinite liquidity and zero slippage even during big trades. Participants of the debt pool earn pro rata exchange fees for acting as counterparties during trades. Debt pool participants need to constantly hold sufficient collateral in Synthetify tokens (SNY) to ensure platform stability.
What is Synthetify token used for?
Synthetify (SNY) is anticipated to hold the following utility:
* Collateral for creation of synthetic assets on Synthetify.
* Discount for performing swaps on Synthetify.
* In the future SNY will represent vote in governance decisions.
How many SNY will be distributed?
The initial distribution of SNY is presents as follows:
Private Sale 6%
Team 20%
Ecosystem Reserves 30%
Exchange Liquidity 2.4%
IEO/IDO 1%
Ecosystem Incentivised Fund 20%
Liquidity Mining 10.6%
Synthetify Debt Pool 10%
Total supply: 100,000,000
*Team, Family and Private Sale tokens are subject to 4 years lockup program. In the future Synthetify will introduce perpetual inflation
Who Are the Founders of Synthetify?
Synthetify is built by a group of experienced blockchain developers to deliver safe and reliable blockchains systems. The company’s CEO and founder is Norbert Bodziony. We launched the project in 2020 in Poland and created a company, Synthetify Labs, in April, 2021. The Synthetify team participated in both Solana hackathons gaining 3rd place on the first one and 2nd place on the second Hackathon in 2021. Our primary focus is always on our product and user experience.
Where Can I Buy SNY?
SNY is available on a growing number of exchanges, with stablecoin pairs currently available.
SNY/USDC pairs are offered on:
The live Synthetify price today is $0.005341 USD with a 24-hour trading volume of $90,815.89 USD. We update our SNY to USD price in real-time. Synthetify is down 0.43% in the last 24 hours. The current CoinMarketCap ranking is #2077, with a live market cap of $30,044.31 USD. It has a circulating supply of 5,625,000 SNY coins and a max. supply of 100,000,000 SNY coins.
If you would like to know where to buy Synthetify at the current rate, the top cryptocurrency exchanges for trading in Synthetify stock are currently Gate.io, AscendEX (BitMax), Jupiter, and Raydium. You can find others listed on our crypto exchanges page.