A peer-to-peer synthetic asset issuance protocol through which users can store and trade cryptocurrency. All synthetic assets of the platform are provided by Synthetix network token to increase the value of the underlying coins.
Read Full
Project | |
---|---|
Project token | SNX |
Official website | |
Social network | |
Head Office | No information specified |
Types of support | Knowledge BaseTwitterDiscord |
Communities | |
Languages | English |
Founder | Kane Warwick |
Company owner | No information specified |
Current price | 8.71 USD |
Market capitalization | 1000258707 USD / -5.07% |
Trading volume 24 h | 119567320 USD / -1.03% |
Circulating supply | 114841533 SNX |
Price History 7 days. | From 8.34 to 10.62 USD |
Price History 30 days. | From 8.34 to 11.72 USD |
Free version | Open Source |
Features of cryptocurrency | Proprietary Ethereum-based token for Synthetix interaction and synthetic asset management |
How to get | Buy on the exchange, exchange, Bug Bounty |
Ways to earn money | Investing, Trading, Profitable currency exchange, Stacking, Creating your own project on DeFi |
Project Analogs | |
Crypto exchanges | |
Purses | |
Growth factors | Increased demand for tokens, New investments, Increase in the total number of transactions, Mentions in social networks |
Risks | Possible cyberattacks, Decrease in popularity and frequency of mention, Reducing the emission of Synth reverse tokenization, Possible Ethereum problems, Investment outflow |
Project Features | A peer-to-peer protocol for issuing synthetic assets and a token trading platform built on Ethereum |
Age restrictions | From 18 years |
Additional features | Blog, Employment, Voting and polls |
Lending | Only on external platforms |
Steaking | Yes |
Farming | Yes |
Advantages | Using Oracle technology The token is available on many popular exchanges High popularity of the project Infinite liquidity Work on the platform without any additional checks |
Disadvantages | The project is still in development There are problems of platform centralization Heavy reliance on Ethereum |
Project duration | From 2017 |
API | No |
Source code | |
Company requisites | Legal name: Synthetix Legal address: No information specified |
Overall assessment | 4.1/10 |
Date of update | December 16, 2024 |
Address
No information specified
Reviews
No reviews yet, be the first!
Creating your own project on DeFi
Cryptocurrency exchanges
Robots for cryptocurrency
Activity
0complaints
- New0
- Resolved0
- Not resolved0
Synthetix reviews