We are excited to announce that SNX is now available on Changelly! Starting today, users will be able to exchange this token with the 200+ cryptocurrencies available as well as purchase it on our platform at fixed and floating rates.
Synthetix is a decentralized trading ecosystem that is built on the Ethereum blockchain. It functions as an asset issuance protocol where users can create “synthetic” versions of stocks, crypto, and other financial instruments using smart contracts. In addition to that, the project also has a decentralized exchange (DEX). Users aren’t required to be SNX holders to trade on the exchange.
Synthetix Network Token (SNX) is an ERC-20-compatible token that can be staked to earn returns from network fees. Token owners can also earn staking rewards via the protocol’s inflationary monetary policy. Other than staking, the token is also used as collateral for the newly-minted synthetic assets – meaning that a certain amount of SNX gets locked up in a smart contract whenever a new synth is issued.
We’ve been looking forward to working with Synthetix, so this listing is a very welcome one. We always emphasize the importance of building ecosystems in the crypto space, creating platforms that have multiple purposes – and Synthetix is doing this splendidly.
Synthetix is a decentralised synthetic asset issuance protocol built on Ethereum. These synthetic assets are collateralized by the Synthetix Network Token (SNX) which when locked in the contract enables the issuance of synthetic assets (Synths). This pooled collateral model enables users to perform conversions between Synths directly with the smart contract, avoiding the need for counterparties. This mechanism solves the liquidity and slippage issues experienced by DEX’s.
SNX holders are incentivised to stake their tokens as they are paid a pro-rata portion of the fees generated through activity on Synthetix.Exchange, based on their contribution to the network. It is the right to participate in the network and capture fees generated from Synth exchanges, from which the value of the SNX token is derived.
Learn more about Synthetix:
Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto. Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to 200+ cryptocurrencies that can be effortlessly swapped within 10 minutes on desktop and on-the-go via Changelly mobile app.
In 2020, Changelly branched out to accommodate the needs of traders. PRO has been built as a platform focused on the customer’s needs, effectively enabling retail buying and selling digital tokens and coins. Piggy-backing on the great support system found within Changelly, Changelly PRO will provide the community with high limits, effective pricing, fast execution, and 24/7 live support.
Learn more about Changelly:
Changelly Website: changelly.com
Changelly PRO website: pro.changelly.com
We’re excited to announce that SNX is now accessible on Changelly! Beginning at present, customers will be capable to alternate this token with the 200+ cryptocurrencies accessible in addition to buy it on our platform at fastened and floating charges.
Synthetix is a decentralized buying and selling ecosystem that’s constructed on the Ethereum blockchain. It features as an asset issuance protocol the place customers can create “artificial” variations of shares, crypto, and different monetary devices utilizing good contracts. Along with that, the venture additionally has a decentralized alternate (DEX). Customers aren’t required to be SNX holders to commerce on the alternate.
Synthetix Community Token (SNX) is an ERC-20-compatible token that may be staked to earn returns from community charges. Token homeowners may also earn staking rewards through the protocol’s inflationary financial coverage. Aside from staking, the token can also be used as collateral for the newly-minted artificial property – that means that a specific amount of SNX will get locked up in a wise contract at any time when a brand new synth is issued.
We’ve been wanting ahead to working with Synthetix, so this itemizing is a really welcome one. We all the time emphasize the significance of constructing ecosystems within the crypto area, creating platforms which have a number of functions – and Synthetix is doing this splendidly.
Synthetix is a decentralised artificial asset issuance protocol constructed on Ethereum. These artificial property are collateralized by the Synthetix Community Token (SNX) which when locked within the contract allows the issuance of artificial property (Synths). This pooled collateral mannequin allows customers to carry out conversions between Synths immediately with the good contract, avoiding the necessity for counterparties. This mechanism solves the liquidity and slippage points skilled by DEX’s.
SNX holders are incentivised to stake their tokens as they’re paid a pro-rata portion of the charges generated by way of exercise on Synthetix.Alternate, based mostly on their contribution to the community. It’s the proper to take part within the community and seize charges generated from Synth exchanges, from which the worth of the SNX token is derived.
Study extra about Synthetix:
Web site: www.synthetix.io
Changelly gives an ecosystem of services that permits prospects to have a one-stop-shop expertise when participating with crypto. Working since 2015, Changelly acts as an middleman between crypto exchanges and customers, providing entry to 200+ cryptocurrencies that may be effortlessly swapped inside 10 minutes on desktop and on-the-go through Changelly cell app.
In 2020, Changelly branched out to accommodate the wants of merchants. PRO has been constructed as a platform centered on the shopper’s wants, successfully enabling retail shopping for and promoting digital tokens and cash. Piggy-backing on the nice help system discovered inside Changelly, Changelly PRO will present the group with excessive limits, efficient pricing, quick execution, and 24/7 dwell help.
Study extra about Changelly:
Changelly Web site: changelly.com
Changelly PRO web site: professional.changelly.com