Tokenomics

​

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 with 25bps fee

​

Distribution

​

Strategic Participants (30%)

Early participants and investors who have provided guidance, support, etc in the development of Syrax.

Token unlocks fully at token generation event (TGE) to allow the token to become liquid quickly.

​

Community & Ecosystem (40%)

The majority (30%) will be distributed to current and future Syrax users to be released via our ongoing points and rewards program. Our goal with this is to reward all, current and future users of Syrax over time.

The remainder (10%) is allocated to ecosystem development to further incentive the development of the Syrax ecosystem. These tokens will only be given to long-term partners and are subject to vesting terms that meet this long-term vision.

​

Contributors (20%)

This allocation includes current and future contributors to Syrax including employees, advisors, future team members, etc.

Tokens unlock schedule is as follows: 6-month cliff followed by 12-month linear unlock to become liquid in 18 months post TGE.

​

Liquidity (10%)

Used to bootstrap the initial liquidity pool that will be created on Meteora.

​

Vesting & Locks

All tokens that are subject to vesting will be done publicly through Jupiter Lock - an open-source & audited locking protocol made by Jupiter.

This method aligns with our open & community-first approach where everyone can verify the locked tokens at any point.

We would like to thank Magic Eden, Hyperliquid, and others for inspiration for our tokenomics.