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Synthetix Network Token (SNX) is an Ethereum token that powers Synthetix, a decentralised synthetic asset issuance protocol. Synthetic assets are minted when token holders stake their SNX as collateral using Mintr, a decentralised application for interacting with the Synthetix contracts. The protocol currently supports synthetic fiat currencies ...
At the seed round and token sale stages, Synthetix sold more than 60 million tokens and was able to raise $30 million. Of the total 100,000,000 coins issued during the ICO, 20% was allocated to the team and advisors, 3% to bounties and marketing incentives, 5% to partnership incentives and 12% to the foundation.
Synthetix Network Token Coin Price & Market Data. Synthetix Network Token price today is $9.10 with a 24-hour trading volume of $90,365,945.SNX price is down -1.1% in the last 24 hours. It has a circulating supply of 170 Million SNX coins and a total supply of 231 Million.
Synthetix protocol enables trading synthetic assets on Ethereum. Synths are tokens that provide exposure to assets such as gold, Bitcoin, U.S. Dollars, TESLA, and AAPL within the Ethereum blockchain. The Synthetix Network Token price page is part of Crypto.com Price Index that features price history, price ticker, market cap and live charts for ...
Synthetix is a decentralized protocol built on the Ethereum blockchain. Powered by the Synthetix Network Token, Synthetix lets you trade real-world assets using crypto. We’re going to give you a close look at what Synthetix Network token is, where to get Synthetix Network token, and how you can use it to grow your assets.
Synthetix is the backbone for derivatives trading in DeFi, allowing anyone, anywhere to gain on-chain exposure to a vast range of assets. Learn More. Total value locked in Synthetix $1,080,844,472. Synthetic Assets. Capture the price movements of popular cryptocurrencies, fiat currencies, stocks, commodities and more with zero slippage.
Synthetix Network Token (SNX) rebounds as on-chain strength flourishes. Synthetix Network Token’s price has seen some volatility over the past couple of days, with inflows of selling pressure coming about due to the massive amount of SNX tokens stolen due to the recent KuCoin hack. Cole Petersen · 10 months ago · 2 min read
Tokens¶. Here are the different kinds of tokens used in the Synthetix ecosystem. Collateral¶ SNX¶. SNX is the primary form of collateral backing the synthetic assets available in the Synthetix protocol. Its stakers are entitled to fees generated by Synth trades on Synthetix.Exchange.
Synthetix Network is Exchange platform also rewarding with SNX token for their trader in the network and it also integrated with SNX with whatever Synthetic asset you buying so this involvement will keep updating its market cap value and it will help to grow this token price in the upcoming year, as there are lots AI-based cryptocurrencies are ...
Synthetix Price Estimates by people. We do our best to give the best pricing advice, but sometimes it is good to hear other's opinions on the same subject. Here, in Price Estimates, you can predict the overall 18-months price volatility by placing your price estimation value.
Steps to Buy Synthetix (SNX) Step 1: If you do not own ETH - Ethereum yet, you need to buy ETH through exchanges that accept credit, debit or bank transfer such as Coinbase, Bitfinex, Bitstamp, Kraken.If the exchange in the Step 2 accepts BTC, you may use BTC - Bitcoin instead of ETH.. Step 2: Open account in one of following exchanges that is trading Synthetix: