×
×
Market Cap:  $352,598,565,32424h Dami:  $92,669,963,098Dominance ng BTC:  57.5%Mga Cryptocurrency:  7,108Mga Market:  29,509

Synthetix Network Token (SNX)

$4.26 USD (-6.12%)
0.00038923 BTC (-6.21%)
0.01120121 ETH (-4.83%)
Bumili
Palitan
Pagsusugal
Earn Crypto
  • Market Cap
    $422,855,959 USD
    38,613 BTC
    1,111,191 ETH
  • Dami (24 na oras)
    $77,736,350 USD
    7,098 BTC
    204,277 ETH
  • Umiikot na Supply
    99,202,807 SNX
  • Kabuuang Supply
    202,161,397 SNX

Tungkol sa Synthetix Network Token

What is Synthetix?

Synthetix is a derivatives liquidity protocol on Ethereum that enables the issuance and trading of synthetic assets. Each synthetic asset (or Synth) is an ERC20 token which tracks the price of an external asset; for example, each sUSD token tracks the price of the US dollar (and unlike the other synthetic assets, is fixed at 1). A wide variety of Synths exists within Synthetix, including fiat currencies, cryptocurrencies, commodities, and inverse indexes. In principle, the system can support any asset with a clear price and provides on-chain exposure to an unlimited range of real-world assets. The protocol will enable a variety of trading features including binary options, futures, and more.

How does Synthetix work?

Synthetix is otherwise composed of a smart contract infrastructure and a set of incentives that maintains Synth prices. It is underpinned by the value of the Synthetix Network Token (SNX). SNX acts as collateral; staking a proportional value of SNX is required to mint Synths. Stakers are rewarded for supporting the system with a pro-rata share of the fees generated by activity in the system. The value of SNX is thus directly connected with the usage of the network it collateralizes.

This mechanism allows Synthetix to support instantaneous, near-frictionless conversion between different flavors of Synths without the liquidity and slippage issues experienced by other decentralized exchanges. The resulting network of tokens supports an extensive set of use cases including trading, loans, payments, remittance, eCommerce, and more.

Synthetix was launched in late 2017, originally under the name of Havven (HAV).

Presyo ng Synthetix Network Token

Presyo ng Synthetix Network Token$4.26 USD
ROI ng Synthetix Network Token
838.78%
Ranggo sa Merkado#39
Market Cap$422,855,959 USD
Dami sa loob ng 24 Oras$77,736,350 USD
Umiikot na Supply99,202,807 SNX
Kabuuang Supply202,161,397 SNX
Sagad na SupplyWalang Datos
Pinakamataas
$7.86 USD
(Sep 01, 2020)
Pinakamababa
$0.032420 USD
(Jan 05, 2019)
52 Linggong Mataas / Mababa
$7.86 USD /
$0.305089 USD
90 Araw na Mataas / Mababa
$7.86 USD /
$0.858215 USD
30 Araw na Mataas / Mababa
$7.86 USD /
$4.15 USD
7 Araw na Mataas / Mababa
$7.86 USD /
$4.22 USD
24 Oras na Mataas / Mababa
$7.66 USD /
$4.22 USD
Mataas / Mababa Kahapon
$4.74 USD /
$4.39 USD
Pagbubukas / Pagsasara Kahapon
$4.49 USD /
$4.56 USD
Pagbabago Kahapon$0.070005 USD (1.56%)
Dami Kahapon$72,141,085 USD
Sign up for our newsletter
Get crypto analysis, news and updates, right to your inbox! Sign up here so you don't miss a single one.