Synthetix Network current price is €0.00000.

Synthetix Network current price is €0.00000 with a marketcap of €0. Its price is -1.49% down in the last 24 hours.


  • havven
    Synthetix Network (SNX)
  • Live Price
    €0.00000
  • 24h %
    -1.49%
  • Market Cap
    €0
  • Volume
    €0
  • Available Supply
    327.77 M SNX
  • Rank
    79

Technical analysis, backgrounds and info on this crypto coin

Besides Synthetix Network Token (SNX) is the renowned cryptocurrency (measured by market capitalisation). This cryptocurrency has become more and more popular over years. Given the plans for the future, many insiders have high expectations of the Synthetix Network Token (SNX) price. Of course you can trade and/or invest in Synthetix Network Token (SNX) as well. On this page you'll find basic statistics and characteristics of Synthetix Network Token (SNX). Furthermore you'll find info regarding the Synthetix Network Token (SNX) price, basic technical analysis and a brief explanation of the story of Synthetix Network Token (SNX)

Current Synthetix Network Token (SNX) price

Please see below the Synthetix Network Token price chart as provided by our home broker.


Of course, you can start investing or trading directly bij opening an account with Bitvavo. In case you don't know how to open an account with Bitvavo, please download our manual here.

Onchain Metrics Synthetix Network Token (SNX)

If you want to perform a technical analysis of Synthetix Network Token and decide whether it is the right time to trade or invest, please check the on-chain metrics as provided by our partners of Into the Block.

 

These On-chain metrics are updated once a day (rondabout 11 pm est, which is 5 am Dutch time). If you want to check the latest update, please dive deeper into the On-chain metrics of our metrics partner IntotheBlock.io.

Furthermore, we provide you with the price chart and historical data for Synthetix Network Token (SNX) at the bottom of this page. Before we get there, we provide you with the upcoming agenda as well as some backgrounds and info on Synthetix Network Token.

The Synthetix Network Token agenda

In order to provide you with an accurate overview of coming Synthetix Network Token agenda items and events, you'll find our Synthetix Network Token agenda below.

If you are interested in the agenda items for other cryptocurrencies and/or the most important economic items on the macro-economic agenda, please visit our calendar page.

What is Synthetix Network Token?

Synthetix is based in Australia, Synthetix launched a seed funding round in September, 2017 to develop the concept of a self-contained stablecoin payment network. They then kicked off their public ICO on February 28, 2018 and by the end of the ICO on March 7, 2018, they had met their goal of $30,000,000 USD. Synthetix was rebranded from Havven on November 30, 2018.

Who created Synthetix Network Token?

Synthetix is led by a multidisciplinary team of 13 individuals. The project was founded by Kain Warwick, who previously co-founded blueshyft, one of the largest digital payment networks in Australia. The CTO is Justin Moses, who also serves as the Director of Engineering at MongoDB.

What is the purpose of Synthetix Network Token (SNX)?

Synthetix aims to address the problem that companies running centralized payment networks such as PayPal, credit card networks, or the SWIFT banking network have “absolute control over the value within the network, so any transaction conducted within them may be blocked or reversed at any time.” According to the Synthetix white paper, “Although this is ostensibly designed to protect users, it introduces systemic risk for all participants. If the network is compromised or its owners cease to behave benevolently, no party can trust that the value in their account is secure or accessible.”

Synthetix Network Token (SNX) nowadays

This is theorized to work because anyone who holds SNX tokens in escrow will be incentivized by Synthetix rewards derived from network transaction fees that will be distributed “in proportion with how well each issuer maintains the correct Synths supply.” When a Synthetix escrow user puts their SNX in escrow, USD-stabilized Synths will be automatically put up for sale on a decentralized exchange at a price of $1 USD. To release escrowed SNX, the user must buy back the Synths issued (also at a price of $1 USD) at which point the Synths will be burned. The Synthetix system uses an algorithm to adjust network fees, and therefore dividends, to SNX holders to incentivize (or disincentivize) the holding of SNX in escrow smart contracts, and thus, the creation of Synths. The theory is that this will cause users to mint and burn Synths in the appropriate amount based solely on supply and demand.

The future of Synthetix Network Token (SNX)

Synthetix Network Token empowers developers, liquidity providers and traders to participate in a financial marketplace that is open and accessible to all.
We are committed to open source software and building on the decentralized web

Further technical analysis of this coin

For further technical analysis you’ll find the current price chart and overview of historical data at the bottom of this page. Do you need more on-chain metrics? You can find these on the site of our on-chain metrix partner IntotheBlock

Do you want to trade in this crypto?

If you want to trade in this cryptocurrency you might consider to sign up with one of our home exchanges: Changelly, CEX.io or Binance. When your mother tongue is Dutch or French you might also consider Bitvavo. If you want to know more about choosing the right crypto exchange, please visit our crypto exchages page.

Price chart


Loading Data
Please wait, we are loading chart data

Historical data

Date Price Volume MarketCap

Disclaimer

Please note that our site does not provide any financial advice. The statistics and information shown are solely provided as possible source for your own research on (investing in) crypto and/or for educational/entertainment purposes. Despite our efforts to present information in a right and timely manner we will not accept any responsibility for any shortcomings in the data and/or information provided. Furthermore please that this site uses affiliate links. This means we might earn a contribution in the costs of operating this site and providing free information if you decide to click on (one of) the links issued.

Sign up for our free daily TradeinCrypto Update

Don't miss any news, backgrounds, analysis, guides and many more info. Subscribe for free now: 
SUBSCRIBE!
Give it a try, it's free and you can unsubscribe anytime.