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What is Synthetix Network Token?
Synthetix (SNX) is a liquidity protocol for derivatives on Ethereum that enables both the issuance and trading of synthetic assets. Each synthetic asset, otherwise known as a Synth, is an ERC20 token that tracks the price of the asset it is based on using an oracle. As an example, sUSD which is a Synth of a US Dollar will track the price of the US dollar.
There are a wide variety of Synths that exist which are built on the Synthetix protocol including cryptocurrencies, fiat currencies, commodities and indexes.
How to buy Synthetix Network Token
You can buy, sell and trade Synthetix Network Token (SNX) in AUD, USD and NZD with Singapore’s most trusted cryptocurrency exchange now.
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