Stake Synthetix

SNX Price Live Data

The live Synthetix price today is $ 5.27 usd with a 24-hour trading volume of $89 751 251 usd. We update our SNX to usd price in real-time. Synthetix is down 0% in the last 24 hours. The current coinmarketcap ranking is #0, with a live market cap of $605 456 857 usd. It has a circulating supply of 114 841 533 SNX coins and the max. Supply of 215 258 834 SNX coins.

What Is Synthetix (SNX)?

A wide assortment of Synths exists inside Synthetix, including government issued types of money, digital currencies, wares, and opposite records. On a fundamental level, the framework can uphold any resource with an unmistakable cost and gives on-fasten openness to a limitless scope of genuine resources. The convention will empower an assortment of exchanging highlights including twofold choices, fates, and more.

Synthetix is generally made out of a savvy contract foundation and a bunch of impetuses that keeps up with Synth costs. It is supported by the worth of the Synthetix Network Token (SNX). SNX goes about as insurance; marking a corresponding worth of SNX is expected to mint Synths. Stakers are compensated for supporting the framework with a favorable to rata portion of the charges produced by movement in the framework. The worth of SNX is in this manner straightforwardly associated with the utilization of the organization it collateralizes.

This system permits Synthetix to help prompt, close frictionless change between various kinds of Synths without the liquidity and slippage issues experienced by other decentralized trades. The subsequent organization of tokens upholds a broad arrangement of purpose cases including exchanging, credits, installments, settlement, eCommerce, and more.

Synthetix was sent off in late 2017, initially under the name of Havven (HAV).