Synthetix

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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.

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Project	Synthetix
Project Token	SNX
Website	https://www.synthetix.io
Social media	Twitter, Discord
Date of foundation	2017
Head Office	No information specified
Types of support	Knowledge Base Twitter Discord
Communities	Reddit, Investing.com
Languages	English
Founder	Kane Warwick
The owner of the company	No information specified
Current price	8.71 USD
Market capitalization	1000258707 USD / -5.07%
Trading volume 24 h	119567320 USD / -1.03%
Circulating Offer	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 make money	Investing, Trading, Profitable currency exchange, Stacking, Creating your own project on DeFi
Project analogues	Maker, Aave, Chainlink, Cardano, etc.
Crypto exchanges	Binance, Poloniex, Bitfinex, ProBit, Huobi Global, OKEx
Wallets	Ledger, MetaMask, Trust Wallet, Atomic Wallet, Lumi Wallet, BitBox
Growth Factors	Increased demand for tokens, New investments, Increased total number of transactions, Mentions in social networks
Risks	Possible cyberattacks, Decline in popularity and frequency of mention, Decline in Synth reverse token issuance, Possible Ethereum problems, Outflow of investment
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 Polling
Landing	Only on external platforms
Steaking	Yes
Farming	Yes
Benefits	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	Read more
Source Code	For integrations
White Papers	About company
Company requisites	Legal name: Synthetix Legal address: No information specified
Overall assessment	4.1/10
Date of update	11.04.2022