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Synthetix Stock

Synthetix

SNX

Price

0.70
Today +/-
+0
Today %
+0 %

Synthetix Whitepaper

  • Simple

  • Expanded

  • Experte

Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
PayBitoSNX/ETH0.57141,786.64457,381.233.42 M0.26cex2867/9/2025, 6:21 AM
AstralXSNX/USDT0.5717,899.7617,926.962.26 M0.36cex87/9/2025, 6:21 AM
HTXSNX/USDT0.571,679.84,582.78581,385.560.03cex2877/9/2025, 6:23 AM
BiKingSNX/USDT0.5769,712.66,148.62537,296.260.03cex17/9/2025, 6:21 AM
BinanceSNX/USDT0.5753,689.8757,074.5536,887.710cex624.487/9/2025, 6:23 AM
HotcoinSNX/USDT0.573,950.463,057.4529,894.360.07cex1367/9/2025, 6:23 AM
MEXCSNX/USDT0.5799,866.8598,547.93468,432.510.02cex5127/9/2025, 6:18 AM
XXKKSNX/USDT0.57106,744.63137,664.24459,703.620.03cex1047/9/2025, 6:21 AM
CoinUp.ioSNX/USDT0.571,740.11,928.24439,875.090.02cex1157/9/2025, 6:18 AM
TruBit Pro ExchangeSNX/USDT0.5714,401.879,371.75397,707.680.1cex1967/9/2025, 6:21 AM
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Synthetix FAQ

What is Synthetix (SNX)?

Synthetix is developing a decentralized liquidity provisioning protocol accessible to any protocol for various purposes. Its extensive liquidity and low fees serve as a backend for numerous innovative protocols on both Optimism and Ethereum. User-facing protocols within the Synthetix ecosystem, such as Kwenta (Spot and Futures), Lyra (Options), Polynomial (Automated Options), and 1inch & Curve (Atomic Swaps), utilize Synthetix liquidity to support their operations. Synthetix is deployed on Optimism and the Ethereum mainnet. The Synthetix Network uses SNX, ETH, and LUSD as collateral, facilitating the issuance of synthetic assets (Synths). Synths follow and provide returns on the underlying asset without requiring direct ownership. This pooled collateral supports a variety of on-chain, composable financial instruments backed by Synthetix liquidity. Among the most anticipated upcoming releases from SNX are Perps V2, intended to enable low-fee on-chain futures trading via the use of off-chain oracles, and Synthetix V3, which aims to reconstruct the protocol to fulfill its original objective of being a fully permissionless derivatives protocol. For more information about Synthetix, explore their blog or join the SNX Discord. The platform seeks to expand the cryptocurrency landscape by incorporating non-blockchain assets, offering access to a more comprehensive financial market.

Who Founded Synthetix?

The network was initially launched in September 2017 by Kain Warwick under the name Havven (HAV). Approximately a year later, the company underwent rebranding and emerged as Synthetix. Kain Warwick is the founder of Synthetix and serves as a non-executive director at the Blueshyft retail network. Before establishing Synthetix, Warwick was involved in several other cryptocurrency projects. He also founded Pouncer, a live auction site catering exclusively to Australia. Peter McKean, the project's CEO, possesses over two decades of experience in software development. His previous role was as a programmer at ICL Fujitsu. Jordan Momtazi, the Chief Operating Officer of Synthetix, is a seasoned business strategist, market analyst, and sales leader with extensive experience in blockchain, cryptocurrency, digital payments, and e-commerce systems. Justin J. Moses, the Chief Technology Officer, formerly served as the director of engineering at MongoDB and deputy practice head of engineering at Lab49. Additionally, he co-founded Pouncer. For further details, you can refer to Eulerpool.

What Distinguishes Synthetix?

Synthetix is a decentralized exchange (DEX) and a platform dedicated to synthetic assets. The protocol is structured to provide users with exposure to underlying assets through synths, without the necessity of holding the actual underlying asset. The platform enables users to autonomously trade and exchange synths. Additionally, it features a staking pool where holders can stake their SNX tokens and receive a portion of the transaction fees generated on the Synthetix Exchange. The platform employs smart contract price delivery protocols, known as oracles, to track the underlying assets. Synthetix allows users to trade synths effortlessly, mitigating liquidity and slippage issues. It also removes the need for third-party intermediaries. SNX tokens serve as collateral for minting synthetic assets. Consequently, when synths are issued, SNX tokens are locked in a smart contract. Since its launch, the protocol has transitioned to the Optimistic Ethereum mainnet to reduce network gas fees and decrease oracle latency.

What is the Current Circulating Supply of Synthetix (SNX) Coins?

The maximum supply of SNX is set at 212,424,133 coins, with 114,841,533 SNX in circulation as of February 2021. During the seed round and token sale stages, Synthetix successfully sold over 60 million tokens, raising a total of $30 million. Of the 100,000,000 coins issued during the ICO, 20% were allocated to the team and advisors, 3% to bounties and marketing incentives, 5% to partnership incentives, and 12% to the foundation.

What Ensures the Security of the Synthetix Network?

The SNX token adheres to Ethereum’s ERC20 standard. The Synthetix network is protected through a proof-of-stake (PoS) consensus mechanism. Holders of Synthetix stake their SNX and receive earnings from the network fees. Additionally, SNX stakers can gain rewards through the protocol’s inflationary monetary policy, referred to as staking rewards.

Where can you purchase Synthetix (SNX)?

SNX tokens can be acquired at leading exchanges, including: * Binance * OKEx * Coinbase Pro * Uniswap (V2) For more information on purchasing Bitcoin, refer to Eulerpool's comprehensive guide.

Investors interested in Synthetix are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.