# 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:&#x20;

1.Traders trade against pooled community collateral and not any specific counterparty&#x20;

2.Traders buy and sell synthetic assets, marked to market by offchain oracles&#x20;

3.Traders have native access to derivatives and investable baskets&#x20;

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.

{% hint style="info" %}
Trade on ZKE Exchange：<https://www.zke.com/&#x20>;

Twitter：<https://twitter.com/ZKE\\_com>

Telegram：<https://t.me/ZKEGlobal>

Support：<https://support.zke.com>
{% endhint %}


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