Synthetix is ​​an Ethereum-based ecosystem that offers users a wide range of investments through synthetic assets called Synthetix. The SNX coin, which is at the heart of this innovative platform, ensures the security of the network and offers users a variety of financial opportunities. So what is SNX coin?

SNX Coin Nedir?

SNX coin is the native cryptocurrency of the Ethereum-based Synthetix platform. Synthetix is ​​a system used to create “synthetic” assets that represent different assets that can be traded over the Internet.

These synthetic assets are called “synths” in the Synthetix network and track the price movements of real-world assets (such as exchange rates, commodities like gold or stocks). SNX coin is used to create and secure these Synths. By staking their tokens on the Synthetix network, SNX holders can earn a portion of the fees generated from transactions on the network.

Synthetics Nedir?

Synthetix is ​​a platform that enables financial products and assets to be digitally simulated and traded. The platform operates on blockchain networks such as Ethereum and Optimism and offers users the opportunity to profit from the price changes of these assets without directly owning the actual assets.

For example, without physically holding the gold, the user can use a synth that increases or decreases the value based on fluctuations in the gold price.

What is the Synthetix Project?

Synthetix provides a trading environment for various financial products and assets using blockchain technology. The Synthetix platform allows the execution of various applications and transactions such as Quanta and Lyra using the liquidity provided by the Synthetix network.

Synthetix constantly introduces new features and improvements to enable users to conduct various financial transactions with lower fees and ease. These improvements include features such as Synthetix V3 and Perps V2, which allow futures trading with lower fees.

Who is the founder and owner of SNX?

Synthetix was founded by Ken Warwick in September 2017 under the name Haven (HAV) and later rebranded as Synthetix. Ken Warwick is the founder of the project and also a member of the executive board at Blueshift Retail Network.

The project’s CEO, Peter McKeown, has over 20 years of experience in software development. COO Jordan Momtazi is an experienced business strategist and market analyst in the blockchain and cryptocurrency industries. CTO Justin J. Moses is the former director of engineering at MongoDB and co-founder of Ponsor.

What was the highest point seen by SNX?

SNX coin reached an all-time high of $8.76 on November 21, 2021.

What was the lowest point seen by SNX?

SNX coin reached an all-time low of $0.03676 on June 16, 2020.

What is the supply of SNX?

The circulating supply of SNX coin is 289,157,722 SNX, and the total supply is 327,216,769 SNX.

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