About SNY
Synthetify is a decentralized protocol allowing for the creation and exchange of synthetic assets without the need for a counterparty. Synthetic assets are backed by SNY tokens. Staking of SNY gives users participation in a global debt pool, which acts as a counterparty for other users to trade against. Participants of the debt pool earn a share of fees generated by the exchange of synthetic assets.
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Frequently Asked Questions
What is Synthetify protocol?
Read MoreSynthetify 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?
Read MoreSynthetify (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?
Read MoreThe 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?
Read MoreSynthetify 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?
What is the all-time high price of Synthetify (SNY)?
Read MoreThe all-time high of SNY was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Synthetify (SNY) is 0. The current price of SNY is down 0% from its all-time high.
How much Synthetify (SNY) is there in circulation?
Read MoreAs of
, there is currently 5.63M SNY in circulation. SNY has a maximum supply of 0. What is the market cap of Synthetify (SNY)?
Read MoreThe current market cap of SNY is 16,062.39. It is calculated by multiplying the current supply of SNY by its real-time market price of 0.002855536193.
What is the all-time low price of Synthetify (SNY)?
Read MoreThe all-time low of SNY was 0
, from which the coin is now up 0%. The all-time low price of Synthetify (SNY) is 0. The current price of SNY is up 0% from its all-time low. Is Synthetify (SNY) a good investment?
Read MoreSynthetify (SNY) has a market capitalization of $16,062.39 and is ranked #3299 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Synthetify (SNY) price trends and patterns to find the best time to purchase SNY.