This VCM represents value capture through automated token burning funded by trading fees generated from the multi-chain Andromeda Release. Unlike traditional dividend distributions that directly accrue value to token holders, this mechanism increases the relative value of remaining tokens by systematically reducing the total supply. When SNX tokens are burned, each remaining token represents a larger percentage of the total supply, creating an appreciation effect similar to a stock buyback in traditional finance.

Synthetix Network
snx$0.6850
+6.30%
24h Price Range
$0.6444
$0.6892
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