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What is Synthetix Network Token (SNX)？
The SNX (Synthetix Network Token) gets staked as collateral to back Synths and entitles stakers to receive fees generated by Synth trades on Synthetix Exchange. Synthetix (formerly known as Havven) is designed for engineers to build decentralized and trust-free networks. Synthetix Network Token (SNX) tokens support a variety of integrated assets, including: legal tender, precious metals, indices and even other cryptocurrencies pegged to the US dollar.
Token status and distribution
Total supply: 112,980,769 SNX