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Synthetix Network Token

Synthetix Network Token (SNX) price, charts and news

$14.55

8.42%

Synthetix Network Token market data

SNX Coin Price: $14.55
SNX Market Cap: $2,068,830,408
SNX Circulating Supply: 141,805,803 SNX
SNX Total Supply: 215,945,503 SNX
SNX 24 Hour Volume: $227,200,359
SNX 24 Hour High: $--
SNX 24 Hour Low: $--
SNX 24h Change: 8.42%

What is Synthetix Network Token?

Synthetix Network Token is the network token of Synthetix protocol, which allows the users to create digital assets, which mirror the value of real assets. The platform includes such governance tokens as sUSD, sAUD, sKRW, gold sXAU, and exchange indexes. These assets form new type tokens in the platform and are called Synths. SNX is the backbone of Synthetix ecosystem and enables the users to take part in the creation of Synths providing their support at the same time. In their turn, synthetic tokens bring income from the done investments. The project Synthetix appeared in 2017 and was called "Havven". The founder was Kain Warwick co-founder and CEO of one of the major cryptocurrency payment networks in Australia. In July 2018 the developers released the source code of v1.0 Havven protocol licensed by MIT. In February the first Havven tokens appeared and brought $30 million. SNX functions in Ethereum as ERC-20 standard token. The holders are rewarded for providing deposit and stability with fees caused by Synth activities.

SNX price historical chart

Data Provided by CoinStats