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Synthetix Network Token

Synthetix Network Token snx

Synthetix Network Token Price in INR

₹234.802

-4.30%

0.001 ETH

2.812 USD

0 BTC

Price Change

MIN

MAX

Synthetix Network Token Price Statistics

Current Price

₹234.802

Fully Diluted MarketCap

₹122,804,531,742.5

Total Volume

51,580,102

Total Supply

328,193,104.089

Circulating Supply

327,769,196.14

What is Synthetix (SNX)?

Synthetix is an Ethereum-based decentralized application(Dapp) that allows users to obtain exposure to assets (cryptocurrencies, gold, and equities) without holding the underlying item. Synthetic assets (Synths) are backed by Synthetix Network Token (SNX), the platform's cryptocurrency. SNX can be staked as collateral to create incentives

The Team Behind Synthetix

The network was launched in September 2017 by Kain Warwick under the name Havven. (HAV). The company's name was changed to Synthetix after a year. Before founding Synthetix, Warwick worked on several other cryptocurrency projects. Peter McKean, the project's CEO, has over two decades of experience in software development. He formerly worked at ICL Fujitsu as a programmer

Top Value Drivers For Synthetix

The main reasons to invest in Synthetix include: - The protocol is built so that users can access the underlying assets through synthesizers without holding the underlying asset themselves. - It is helpful for customers who do not have access to overseas equities such as Tesla. Synthetix allows users to obtain exposure to such assets. - On the Synthetix Exchange, holders can stake their SNX tokens in exchange for a part of transaction fees

FAQs

The current price of Synthetix Network Token is INR 234.802.

The total supply of Synthetix Network Token is 328,193,104.089 and circulating supply of Synthetix Network Token is 327,769,196.14

The trading volume of Synthetix Network Token is 51,580,102 in the last 24 hours.