SNX(Synthetix)
Synthetix is ​​a derivative liquidity protocol based on Ethereum, aims at realizing the issuance and trading of synthetic assets.
Exchange Deposit

1.Programme Name 


Synthetix (SNX)

2.Project Introduction


Synthetix is a new flavor of decentralized exchange. There are three key differences relative to most other DEXes:


1.Traders trade against pooled community collateral and not any specific counterparty
2.Traders buy and sell synthetic assets, marked to market by offchain oracles
3.Traders have native access to derivatives and investable baskets


The SNX token acts as a foundation and backbone for this model. Before traders can participate, SNX investors stake their tokens to mint liquidity for the network. When traders execute a transaction, they pay a fee to trade against the stakers. A trader's profit adds to the global debt pool and a trader's loss subtracts from it.



Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. Huobi does not take responsibility for any resulting direct or indirect losses.

 

 

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Huobi Global reserves the right in its sole discretion to amend, revise or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi Global makes no recommendations or guarantees in respect of any digital asset, product, or promotion on Huobi Global. Prices of digital assets are highly volatile and trading digital assets is risky. Please read our Risk Remindertext here.

White Paper & Online Community
Market Dynamics
Some data are from CoinGecko
Current Price
2.34 USDT
Ranking
From CoinGecko Market Cap Rankings
81
ICO Date
2018-03-15
Total Supply
277886448
Circulating Supply
226851982
Market Cap
650254288  USDT
Circulating Mkt Cap
530833637  USDT
The price range covers the costs of earlier institutional & individual investors.
Price for Earlier Investors
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