Tokenomics

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Overview

• Total Supply: 100,000,000 (100 million) $SYRAX
• Ticker: SYRAX
• Chain: Solana
• Initial Launch Price: $0.005 ($500k FDV)
• Pool Info: Meteora Dynamic Pool

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Token Unlocks

These unlocks are all verifyable on-chain and immutable, they can be viewed by anyone on Jupiter Lock.

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Emissions Schedule

This emission schedule was created with a start date of July 1st 2025.

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Tokenomics Rationale

Syrax has not raised funds from venture capital firms, family offices, or other major funding party. This allowed us to shape the tokenomics around long term building whilst also ensuring holder / team incentives are aligned. Fourty percent (40%) of the supply was fully unlocked at launch, maintaining a healthy circulating supply. The remaining 60% of the supply is locked according to the above schedule.

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Token Incentives

Inspired by Hyperliquid’s tokenomics and buyback model, Syrax has implemented a similar model. Revenue generated from trading fees is used to buy back $SYRAX. Furthermore holders of $SYRAX get discounts on trading fees based on token holdings. For more information on this, please refer to the fees page.

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Historical Model

Back in february of 2024, Syrax completed a small token sale to help fund early syrax developments including the Telegram bot and AI chat application. This token sale equated to 30% of supply, fully unlocked at TGE with zero future investor unlocks. Since early 2025, the Syrax team has been working on the trading platform that you see today which has been developed fully in-house. No prior funds raised used have been used for trading platform development.