Synthetify Token (SNY) is a native token of the platform that allows users to participate in the protocol by staking SNY in a smart contract and using it as a collateral for creation of synthetic assets.

Synthetic token created on Synthetify exchange is an asset that strictly tracks the price of an underlying asset provided by decentralized oracles.

SNY is available on Raydium, Bonfida, FTX, Blockfolio, Dexlab, CCAI, and Kermit Finance.

Synthetify will supply 100,000,000 SNY tokens. Perpetual inflation will be introduced in the future. For more information, check our Whitepaper.

No, Synthetify is a decentralized exchange. Only connecting a wallet is required to use Synthetify functionalities. There is no KYC process either.

Synthetify is available 24/7. Trading and minting can be done at any time.

There are two wallets available right now: Phantom and Sollet.

SNY is only one of the tokens that will be used as a collateral and it is not required to use the exchange. That being said, it incorporates additional benefits.

Minting is the process of creation of a synthetic asset. For more information, please see here.

Costs are adjusted to the current market situation. For now, it is a 0.3% fee. Users who hold sufficient collateral in SNY will get an additional discount.

Participants of the debt pool earn pro rata shares of the exchange fees.

The pool debt participant can remove their liquidity at any time. There is no risk of losing SNY tokens. However, its price is affected by market fluctuations, which means that the rewards may be less than the absolute price variation.

The confirmation pop-ups on the screen.

Catch us on Discord or send an e-mail to support@synthetify.io with an applicable note.

It’s: 4dmKkXNHdgYsXqBHCuMikNQWwVomZURhYvkkX5c4pQ7y

Current circulating supply is 5,625,000 SNY. You can check the current market cap on sites like: CoinMarketCap or Coingecko.

The IDO took place on 29th and 30th June 2021.