The FinNexus Token - FNX¶
The FNX token is the network token for the entire suite of FinNexus protocol clusters. It serves a variety of purposes including payment medium, settlement medium, collateral, liquidity mining, governance, voting and more. In our flagship FinNexus Protocol for Options (FPO) product, its most important role is that of collateral. It is the value from which synthetic options may be generated. As FPO's options are all over-collateralized, the value of the assets in the FPO pool must always be enough to cover outstanding options contracts, and FNX will play a key role in providing that value.
Token Distribution¶
Please go to FNX dashboard for circulation details.
| New Distribution | Percentage | Status | Time to Release/Burn | Duration of Release | |
|---|---|---|---|---|---|
| Coded Max Supply | 500,000,000 | ||||
| Burnt (old) | 323,504,593 | burnt | burnt | NA | |
| Total Supply | 176,495,407 | 100.00% | |||
| Current Circulation | 24,023,182 | 13.61% | Circulating | - | |
| Institutional Reserve 1 | 3,472,225 | 1.97% | locked | 08/26/2020 | 12 months |
| Team | 25,000,000 | 14.16% | locked | 05/26/2021 | 30 months |
| Operation | 10,000,000 | 5.67% | locked | 05/26/2021 | 60 months |
| Insurance Fund | 25,000,000 | 14.16% | locked | - | - |
| Community Rewards | 79,000,000 | 44.76% | locked | according to the incentive plan | - |
| Institutional Reserve 2 | 10,000,000 | 5.67% | locked | 05/26/2021 | 12 months |
*(The table above is the distribution on 2021-03-09)
Institutional Reserve 2 refers to the private sales in this round. 10,000,000 FNX tokens and 20% of the company's equity were sold to the investors.
Please go to FNX dashboard for updated circulation details.