SPHYNX Tokenomics

Emission Breakdown

Per block (example)


Emission/block (SPHYNX)

Emission/day (SPHYNX)




Burned Weekly (PID 138)



Effective Emission



*Effective Emission is in fact slightly below this amount: an additional 45,000 SPHYNX per day is diverted from the amount allocated to the lottery, and burned (PID 137 - Details below).

In addition to the above, a dynamic amount of SPHYNX is also minted to the Dev address(add hyperlink) at a rate of 9.09%. This means that if 100 SPHYNX are harvested, then 9.09 SPHYNX is minted in addition and sent to the Dev Address.

All SPHYNX minted to the Dev address is burned in the weekly burn and never enters circulation.

As such, we haven't included it in the above emission rate.


Distributed to

Reward/block (% of emission)

Reward/block (total SPHYNX)


Farms and Lottery



122,400 (approx)

of which diverted and burned


Nile Pools



288,000 (approx)

Total Daily SPHYNX Emission

364,400 (approx)

Other Deflationary Mechanics

The burning process is currently manual. View burn transactions here.(hyperlink)

As well as the above, SPHYNX is also burned in the following ways:

  • 0.05% of every trade made on Sphynx Labs

  • 100% of SPHYNX sent to the Dev address

  • 20% of SPHYNX spent on lottery tickets

  • 3% of every Prediction markets round is used to buy SPHYNX for burning

  • 2% of every yield harvest in the Auto SPHYNX Pool

  • 2% of every NFT sale on the NFT Market is used to buy SPHYNX for burning

Why is the SPHYNX burn manual?

To hit the ground running, Sphynx Labs launched as an MVP (minimum viable product) with the MasterChef contract emitting 40 SPHYNX per block. For that reason, the early team didn't add additional functions such as the ability to customize the SPHYNX minting logic. As migrating to a new MasterChef would require a lot of time and effort, the team opted to reduce SPHYNX emissions instead through a manual burn process by creating two pools:

  • Legacy Lottery Pool (PID - 137) - burned SPHYNX from the lottery

  • Burn Pool (PID - 138) - burned SPHYNX per block

These pools work similarly to the farms, where the Chefs can adjust the percentage of the 40 SPHYNX per block allocated to it after each SPHYNX emission reduction vote.

On the day of the burn, the supply shown on the homepage might suddenly jump by several million SPHYNX.


This apparent jump is just because of how all the SPHYNX that's allocated for the burn is stored during the week.

The SPHYNX sent to both pools PID-137 and PID-138 are harvested before completing the weekly token burns, and this makes the Total Supply shown on the site jumping by ~6M. This is because pending SPHYNX isn’t registered in the Total Supply until it's harvested on the burn day. Once the token burn transaction is completed, the ~6M is shown in the Burned to Date.

How to Confirm SPHYNX Supply for yourself

To confirm that the circulating SPHYNX supply shown on the Sphynx Labs homepage is correct,

  1. Head to the SPHYNX token contract on BscScan and see how much SPHYNX is held by the Burn Address. That's the total amount of SPHYNX that's been burned (removed from circulation FOREVER, and impossible to ever retrieve).

  2. Then, subtract this burned amount from the "Total Supply" that BscScan shows.

  3. This gives you the actual SPHYNX supply.

Read more about SPHYNX's deflationary mechanics on the next page.

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