Token Introduction

Synbit Protocol
1 min readMar 29, 2021

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Token Supply

1st Year: 100million SYN ( 90million are produced by liquidity mining, 10million are pre-mined and for presale & airdrop)

2nd Year: 62.22 million SYN

3rd Year: 40.12 million SYN

4th Year: 24.44 million SYN

5th Year: 12.28 million SYN

6th Year: 20 million SYN

SYN additional issuance formula:

-54.5ln(x)+100

Every year’s supply of SYN will be stabilized at 20 million after the 5th year.

Token Distribution

Staker : 62%

Asset Custody(90 days) . Asset will be released after 90 days. During the 90 days, users’ asset can be used for synthetizing assets.

Outer liquidity provider : 16%

Asset Custody(90 days),Asset will be released after 90 days. During the 90 days, users’ asset can be used for synthetizing assets.

Trader: 10%

No custody, but can get rewards weekly.

Holder: 2%

No custody, but can get rewards weekly.

Team: 10%

Asset Custody(90 days),Asset will be released after 90 days. During the 90 days, users’ asset can be used for synthetic assets.

Token Airdrop

Total 1 million SYN will be airdropped to Holder of MDX and HT irregularly.

Token Marketing

Budget: 1 million SYN in 5 years.

Synbit’s official website: www.synbit.io

Twitter:https://twitter.com/SynbitProtocol

Telegram:https://t.me/Synbit

GitHub:https://github.com/Synbitio

Discord:https://discord.gg/MycR8DK

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