Synthetix Network Token (SNX) Crypto Exchange
Instantly exchange Synthetix Network Token at the best SNX exchange rate on ChangeNOW. Free of limits, accounts, and worries. Spend your time and energy on what matters — we’ll handle the rest.
Top cryptocurrencies to exchange with Synthetix Network Token
Synthetix Network Token Price live, Cryptocurrency Synthetix Network Token Price (USD), Market Cap and Supply
Synthetix Network Token Price for today is $2.38. Its current circulating supply is snx 319,275,911 with a market cap of $623,177,006.31.
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What is Synthetix Network Token (SNX)
Synthetix is a protocol for the creation and trade of digital assets. Like many other DeFi projects, it is based on the Ethereum network. The network was founded in 2018 by Kain Warwick and is designed to support a limitless number of commodities. Synthetix was initially called Havven and aimed to create assets that would mimic the performance of both fiat and crypto assets.
To understand how to create an asset and give it value, one must first understand how the Synthetix network works. The network functions relying solely upon code and does not utilize any financial intermediaries. For one to make a digital product, they first have to offer collateral in the native token called SNX. The number of synths that one can offer must be equal to the number of tokens that they are willing to stake. This ensures that the collective pool of holders acts as a counterparty to the deal when converting minted synths to any real-world asset. Synths mimic assets’ performances with the help of oracles that provide data on assets’ gains or losses.
On July 19th, 2022, the Synthetix network announced that the sUSD bridge has been enabled. The said bridge allows users to transfer sUSD between the mainnet and Optimistic Ethereum. Optimistic Ethereum is a Layer-2 blockchain that benefits from Ethereum’s security but reduces its costs and latency.
How to Buy Synthetix Network Token?
Users can buy SNX on ChangeNOW for one of 700+ cryptocurrencies or for 50+ fiat currencies:
Synthetix Network Token - USD Exchange
Synthetix Network Token is a promising cryptocurrency, and it uses a blockchain that will revolutionize online payments. Owning or trading SNX is in demand, and ChangeNOW promises fast and secure SNX to USD transactions. It will take place with the best possible rates, and there is no need to worry about hidden costs.
Synthetix Network Token Exchange Advantages on ChangeNOW
- ChangeNOW cares about your privacy and security. We are a non-custodial service, and we never control, store, or hold your funds in any way.
- The average transaction doesn't take more than two minutes, and we aim to reduce the times further in the future.
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- There is no need to register or provide any personal info for exchanging crypto. ChangeNOW simply needs your wallet data for sending the funds, and that's it!
- Our service works no matter how large is the amount involved.