Synthetix Network Token (SNX) is the native cryptocurrency of the Synthetix protocol, a decentralized finance (DeFi) platform that allows users to create and trade synthetic assets. Here are some key points about SNX:$SNX
Tokenomics:
- Total Supply: 219,644,444 SNX
- Circulating Supply: around 150,000,000 SNX
- Token Type: Utility and Governance Token
Use Cases:
- Staking to create synthetic assets
- Payment for transaction fees on the Synthetix platform
- Governance voting rights for Synthetix decisions
- Incentivization for stakers and contributors
Exchange Listings:
- Binance
- Huobi
- OKEx
- (other major cryptocurrency exchanges)
Price:
- Check current price on cryptocurrency exchanges or market data websites like CoinMarketCap or CoinGecko
Development and Adoption:
- Synthetix has a growing community and development team
- Partnerships with various DeFi and Web3 projects
- Continuous updates and improvements to the Synthetix platform
Unique Features:
- Decentralized synthetic asset creation and trading
- Staking and incentivization mechanisms
- Governance and voting mechanism
- Integration with Web3 and blockchain technologies
Synthetix Platform:
- A decentralized finance (DeFi) platform for synthetic assets
- Allows users to create and trade synthetic assets
- Provides incentivization mechanisms for stakers and contributors
Please note that the information available about SNX might be subject to change, and its development and adoption are still in progress. Always do your own research and stay up-to-date with the project's developments before making any decisions.