Synthetix Network Token (SNX)

Created by Arjun Rituraj, Modified on Sun, 26 Dec, 2021 at 7:19 PM by Arjun Rituraj

Project Description

Project name: Synthetix network token

Token Ticker Name: SNX

Token Total Supply: 215,258,834 SNX

Website: https://synthetix.io/

White Paper: https://www.synthetix.io/uploads/synthetix_whitepaper.pdf

Explorer: https://etherscan.io/token/0xc011a73ee8576fb46f5e1c5751ca3b9fe0af2a6f

Project Introduction

Synthetix is a decentralised finance (DeFi) technology that allows users to trade crypto and non-crypto assets on the blockchain. The Ethereum (ETH) blockchain-based system provides users with access to extremely liquid synthetic assets (synths). Synths track and offer returns on underlying assets without requiring the asset to be held directly. The platform aspires to diversify the bitcoin industry by integrating non-blockchain assets, giving users access to a more stable financial sector.