Buy Cheap Synthetix Network Token for $4.160 price live chart in USD

Synthetix Network Token Price in USD? On this page you will find the live chart from Synthetix Network Token in USD. Synthetix Network Token Actual Price is $4.160 with the total marketcap from $556.74 M. Synthetix Network Token price is 1.97% up in the last 24 hours. Buy or Sell your Synthetix Network Token on this page!

Buy / Sell Havven
  • havven
    Synthetix Network Token (SNX)
  • Live Price
    $4.160
  • 24h %
    1.97%
  • Market Cap
    $556.74 M
  • Volume
    $40.82 M
  • Available Supply
    134.15 M SNX
  • Rank
    42

Crypto Calculator

Enter Amount
Base Currency
Convert To

10 Synthetix Network Token (SNX)
=
41.60USD

Price Chart


Loading Chart...

More Info About Coin

Synthetix is based in Australia, Synthetix launched a seed funding round in September, 2017 to develop the concept of a self-contained stablecoin payment network. They then kicked off their public ICO on February 28, 2018 and by the end of the ICO on March 7, 2018, they had met their goal of $30,000,000 USD. Synthetix was rebranded from Havven on November 30, 2018. Synthetix is led by a multidisciplinary team of 13 individuals. The project was founded by Kain Warwick, who previously co-founded blueshyft, one of the largest digital payment networks in Australia. The CTO is Justin Moses, who also serves as the Director of Engineering at MongoDB. Synthetix aims to address the problem that companies running centralized payment networks such as PayPal, credit card networks, or the SWIFT banking network have “absolute control over the value within the network, so any transaction conducted within them may be blocked or reversed at any time.” According to the Synthetix white paper, “Although this is ostensibly designed to protect users, it introduces systemic risk for all participants. If the network is compromised or its owners cease to behave benevolently, no party can trust that the value in their account is secure or accessible.” This is theorized to work because anyone who holds SNX tokens in escrow will be incentivized by Synthetix rewards derived from network transaction fees that will be distributed “in proportion with how well each issuer maintains the correct Synths supply.” When a Synthetix escrow user puts their SNX in escrow, USD-stabilized Synths will be automatically put up for sale on a decentralized exchange at a price of $1 USD. To release escrowed SNX, the user must buy back the Synths issued (also at a price of $1 USD) at which point the Synths will be burned. The Synthetix system uses an algorithm to adjust network fees, and therefore dividends, to SNX holders to incentivize (or disincentivize) the holding of SNX in escrow smart contracts, and thus, the creation of Synths. The theory is that this will cause users to mint and burn Synths in the appropriate amount based solely on supply and demand.

Historical Data

Date Price Volume MarketCap

Markets / Exchanges

# Exchange Pair Price Volume (24h) Updated

Technical Analysis

No technical data available for this coin

Twitter News Feed

Checkout @pillarwallet's recent interview with @TrudelAndrew on Synthetix.

Talking points include:
- How Synths work
- Advantages of Synth trading
- Improving accessibility with Pillar

Pillar is a mobile wallet and Synthetix Volume Program member.
https://www.youtube.com/watch?v=q2Peql6l0GE

Attractive rewards are available for holding and staking the inverse Synths $iETH and $iBTC.

You can capture these rewards by picking up some $iETH or $iBTC on @kwenta_io and then staking the token in the rewards section of https://mintr.synthetix.io/.

https://stats.synthetix.io/#yield%20farming

1/ Hey @synthetix_io, Deposits are now officially open @ #BenchmarkLaunchpad: https://launchpad.benchmarkprotocol.finance
Deposits for $SNX/ $ETH Liquidity pools on #Uniswap
are now LIVE!
$MARK Reward distributions in under 24 hours
at 8 AM EST 24th November, 2020
#DeFi #Synthetix @kaiynne

iETH recently froze at the upper limit of $550, so it has been reset with a new upper limit of $867.

Anyone who was participating in the iETH incentive via Mintr, your iETH has been purged back into sUSD and sent back to your wallets. 1/5

Check out @kaiynne in conversation last week with some other members of the @defialliance: @QwQiao and @TheChicagoVC, hosted by @Melt_Dem of @CoinSharesCo!
(Simply register to view the video)
https://www.crowdcast.io/e/cryptocredit/14

Load More...

Submit Your Reviews