SNX(Synthetix)
Issue Time
2018-03-15
Total Supply
310,809,025 SNX
Circulation
240,495,062 SNX
White paper
https://www.synthetix.io/uploads/havven_whitepaper.pdf
Website
https://www.synthetix.io/
Twitter
https://twitter.com/synthetix_io
Discord
https://discord.com/invite/AEdUHzt
Block Explorer
https://cn.etherscan.com/token/0xc011a73ee8576fb46f5e1c5751ca3b9fe0af2a6f https://ftmscan.com/token/0x56ee926bD8c72B2d5fa1aF4d9E4Cbb515a1E3Adc https://hecoinfo.com/token/0x777850281719d5a96c29812ab72f822e0e09f3da https://bscscan.com/token/0x9ac983826058b8a9c7aa1c9171441191232e8404 https://solscan.io/token/8cTNUtcV2ueC3royJ642uRnvTxorJAWLZc58gxAo7y56 https://polygonscan.com/token/0x50b728d8d964fd00c2d0aad81718b71311fef68a https://snowtrace.io/token/0xbec243c995409e6520d7c41e404da5deba4b209b https://optimistic.etherscan.io/token/0x8700daec35af8ff88c16bdf0418774cb3d7599b4 https://nearblocks.io/token/c011a73ee8576fb46f5e1c5751ca3b9fe0af2a6f.factory.bridge.near https://explorer.harmony.one/address/0x7b9c523d59aefd362247bd5601a89722e3774dd2
Synthetix is a new flavor of decentralized exchange. There are three key differences relative to most other DEXes:
1.Traders trade against pooled community collateral and not any specific counterparty
2.Traders buy and sell synthetic assets, marked to market by offchain oracles
3.Traders have native access to derivatives and investable baskets
The SNX token acts as a foundation and backbone for this model. Before traders can participate, SNX investors stake their tokens to mint liquidity for the network. When traders execute a transaction, they pay a fee to trade against the stakers. A trader's profit adds to the global debt pool and a trader's loss subtracts from it.
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