Synthetix Network Token (SNX)

platform
smart contracts
payments
eth token
defi
#42

Marketcap Ranking

19.86400 (3.1%) arrow_drop_up

Market Price (24h change)

2,076,054,522

Total Market Cap

3.5

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info_outline What is SNX

4.7

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SNX Short Description

Synthetix Network Token will be a decentralised payment network where users transact directly in a price-stable cryptocurrency. Those who use the stablecoin pay fees to those who collateralise the network, compensating them for the risks of providing collateral and stability. Collateral providers control the money supply, and fees are distributed in proportion with each individual’s stabilisation performance. Thus, Synthetix Network Token rewards suppliers of stability and charges those who demand it.

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SNX Explanation Video

Synthetix Review: DeFi Gem for 2020 💎 | Coin Bureau

TOP Crypto TIPS In My Weekly Newsletter https://signup.coinbureau.com/newsletter ▻ Complete Written Review ...

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Screenshot from Website

synthetix.io
SNX Websitemore_vert

Visit Webpage

Website Informationclose

Organization: Unknown
Name: Unknown
Country: Unknown
City: Unknown
Zipcode: Unknown
Address: Unknown
Mail: Unknown
Creation date: 2018-11-19
Expiration date: 2021-11-19
Nameserver: NS-537.AWSDNS-03.NET

build SNX Product Analysis

4.6

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SNX Whitepaper

Synthetix Network Token will be a decentralised payment network where users transact directly in a price-stable cryptocurrency. Those who use the stablecoin pay fees to those who collateralise the network, compensating them for the risks of providing collateral and stability. Collateral providers control the money supply, and fees are distributed in proportion with each individual’s stabilisation performance. Thus, Synthetix Network Token rewards suppliers of stability and charges those who demand it.


The whitepaper of Synthetix Network Token is 21 Pages long.

The most influencial keywords are: Havven, Nomin, Fees, Prices, Market, Price token, Value, Tokens, Copt, and Transactions.

file_downloadOpen Whitepaper
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SNX Competitors

  • 1.) TenX

    TenX connects your blockchain assets to real world payment platforms. With our app, the TenX card and our forthcoming banking licence, we will be well-positioned to serve as a one-stop hub for seamless interaction between the blockchain ecosystem and the real world.

  • 2.) Aave

    Decentralized Lending on Ethereum Network - Lending Ethereum

  • 3.) Utrust

    The UTRUST platform aims to provide the consumer protection that buyers take for granted in traditional online purchases - acting as a mediator, resolving conflicts and enabling the possibility of refunds to mitigate fraud, while shielding the merchant from crypto-market volatility. The project wants to enable fast transactions, lower fees, and low cross-border transaction friction, enabling merchants to sell to a growing worldwide audience of crypto-holders. The project aspires to 'build a payment API for marketplace integration that will become the crypto-equivalent of PayPal'.

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SNX Product Analysis

Synthetix Network Token was founded back in February 2018. Its source code was released publicly on github on November 2017 under the MIT License license.
Organization wise, Synthetix Network Tokens Development is Centralized and is being developed under the lead of Justin Moses.

The consensus on which the Synthetix Network Token network is run is called Not mineable, while the underlying algorithm is called None.
In the current state of Synthetix Network Token currently is Alpha version

group SNX Community Analysis

2.3

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SNX Communities & Events

A place for people to discuss Havven, a decentralised payment network designed to enable everyday cryptocurrency purchases using a stable medium of exchange.

view_list r/havven Subreddit
person 1,283 Subscribers
directions_run 10 Active Users
create Daily Posts
speaker_notes Daily Comments
linkOpen Subreddit

view_list Telegram: Contact @havven_official2 Channel
person Members
directions_run Online
linkOpen in Telegram

Official Twitter account for Synthetix Network Token

view_list @synthetix_io Channel
person 100,570 Followers
03.22.2021
03:55
Next stop: 1,000,000! https://t.co/xC1QNNqxmt 241 favorite
03.22.2021
03:34
1/ Time for another product release, showcasing some of the updates the frontend Core Contributors have pushed to the Synthetix interfaces! https://t.co/3vf0T3Ec0F 95 favorite
03.18.2021
22:01
SNX and sUSD are now available as collateral for peer-to-peer lending with fixed rates on @YieldCredit! https://t.co/osZC5j7Ihr https://t.co/OG2TjrOOy5 245 favorite
03.18.2021
01:10
Come join the Synthetix Core Contributor community as a communications manager and help build the future of DeFi! https://t.co/a9zgui3YZ7 85 favorite
03.15.2021
03:59
If you're an SNX staker on L1 and you haven't already, then head over to https://t.co/ZaR4vnPOQf to vote on this epoch's Spartan Council — only a few hours left to vote! https://t.co/IswkAgdBCF 83 favorite
03.12.2021
02:01
Join @kaiynne's Synthetix AMA on @joinClubhouse with @robbehnke on DeFi Club! https://t.co/vBVFc9qeWU 93 favorite
03.11.2021
03:14
SNX rewards are now live as an incentive for the next ten weeks for LP's in the new DHT/sUSD liquidity pool on @Uniswap, along with DHT rewards offered by @dHedgeOrg! https://t.co/GDKAKQDYZm 116 favorite
03.09.2021
12:09
Excited to be apart of the @asiadefi Network and help scale out DeFi across Asia! https://t.co/g5etM6pJrM 108 favorite
03.09.2021
00:13
Head to https://t.co/yITkwYDm6c to take out sETH or sBTC shorts! https://t.co/zs2xuM6Qvv 80 favorite
03.08.2021
05:50
1/ Community governance is now live in the Staking dApp, ready for SNX stakers to vote for the next epoch of the Spartan Council! Voting is available for the next 7 days. https://t.co/SJVUcjxJgS 89 favorite

There are no events for Synthetix Network Token in the next 3 Months

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SNX Google Trends


The Google Trends chart displays the search interest on google in Synthetix Network Token relative to its peak over the last year. A rising chart shows growing interest int he project.

code SNX Development Analysis

4.1

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SNX Github Analysis

Code Updates (Commits)


Every change to the codebase of Synthetix Network Token is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 414 Stars
remove_red_eye 49 Watchers
usb 216 Forks
sync_problem 75 Open Issues
border_color 63.46 % Comment Coverage
lock_open MIT License License

attach_money SNX Price Analysis

4.1

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SNX Price Prediction

$ 19.98972 (0.6%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 18.18877 (-8.46%) arrow_drop_down

Predicted USD Market Price in 14d by Coinpaper

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Converter SNX - USD

Convert between SNX and USD with the live Synthetix Network Token prices, aggregated from all big exchanges that trade Synthetix Network Token.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle SNX Team Analysis

4.8

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SNX Team

SNX Team Members (11)

launch

Jordan Momtazi

Vp partnerships

launch

Clinton Ennis

Senior architect

launch

Charlie Karaboga

Head of product

launch

Mikael Sundelin

Vp operations

launch

Garth Travers

Communication manager

launch

Clement Balestrat

Dapp developer

launch

Matt Vernon

Designer

launch

Roman Mandryk

Dapp developer

launch

David Kvas

Dapp developer

launch

Martin Torok

Dapp developer

compare_arrows SNX Exchanges

SNX Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Binance SNX/USDT $ 19.84200 $ 9,370,011 check
# 2 Coinbase Pro SNX/USD $ 19.89540 $ 4,216,047 check
# 3 Binance SNX/BTC $ 19.79491 $ 3,194,172 check
# 4 Binance SNX/BUSD $ 19.86394 $ 761,837 check
# 5 Coinbase Pro SNX/BTC $ 19.82018 $ 549,936 check
# 6 Kraken SNX/USD $ 19.84900 $ 469,405 check
# 7 Coinbase Pro SNX/EUR $ 19.90774 $ 316,540 check
# 8 Coinbase Pro SNX/GBP $ 19.93541 $ 203,633 check
# 9 Kraken SNX/EUR $ 19.90500 $ 175,186 check
# 10 Poloniex SNX/USDT $ 19.92902 $ 126,587 check

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