Synthetix (SNX) Facts

  • The Synthetix protocol was established by Kain Warwick in September 2017, originally under the name Havven (HAV). After a year it changed its name to Synthetix. Synthetix is ​​a decentralised finance (DeFi) protocol built on the Ethereum blockchain that provides liquidity to cryptocurrencies and other digital assets
  • Users can trade cryptocurrencies, stocks, and commodities belonging to other blockchains on the Synthetix protocol. There is also the opportunity for users to earn income using Synths (highly liquid synthetic assets native to the platform)
  • SNX is the protocol’s ERC-20 based token. It is used in the project’s staking mechanism
  • The total supply of SNX is capped at 212,424,133 SNX. At the time of this writing, 114,841,533 SNX is in circulation
  • At the time of writing, SNX’s lowest price was ₺0.2677 (5 January 2019). Its highest price was ₺237.54 (14 February 2021)
  • Access the Synthetix protocol website at https://synthetix.io/
  • Check out the Synthetix protocol’s whitepaper for technical details on the SNX token at https://docs.synthetix.io/litepaper

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