Synthetix Network Token (SNX)

platform
smart contracts
payments
eth token
defi
#39

Marketcap Ranking

17.53559 (-11.84%) arrow_drop_down

Market Price (24h change)

1,832,704,509

Total Market Cap

3.7

-

info_outline What is SNX

4.7

help_outline

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.

help_outline

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 ...

help_outline
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

4.7

help_outline

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
help_outline

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'.

help_outline

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

help_outline

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 1,284 Subscribers
directions_run 5 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 89,580 Followers
02.26.2021
00:20
Come join us on March 1/2 (timezone-dependent) in the Synthetix Discord for the next community governance call, the first to be run by the community-elected Spartan Council! https://t.co/OagJZ2wnjZ 102 favorite
02.24.2021
00:55
1/4: As per SIP-60, we are now starting another 14 day period of account merging being live. This allows SNX stakers to merge their escrowed SNX balances from multiple wallets. There is a simple UI for account merging available at https://t.co/DxqXj0JDoO. 67 favorite
02.22.2021
02:40
SNX stakers have until Feb 24, 2021, 6:00 AM (UTC) to vote for the Synthetix Ambassadors, three community-elected individuals represent the Spartan community across other DeFi governance processes! https://t.co/smIlUoAV5Y 105 favorite
02.18.2021
06:47
We've written up a guide to some of the recent updates to the Synthetix interfaces, including debt tracking on Staking, more earning options, and more! https://t.co/jkvBBZKZhF 160 favorite
02.16.2021
04:45
1/3) Illuvium, an upcoming collection and auto-battler game built on Ethereum, has revealed it’s airdropping 5000 ILV tokens to be shared between Synthetix community members who join the @illuviumio Discord by Friday 6am UTC. 280 favorite
02.16.2021
02:42
Here is the new composition of the sDEFI (and iDEFI) index, voted in by Synthetix community governance and set to be launched tomorrow (UTC). https://t.co/I0FdtBLVfm https://t.co/roucgzep6G 409 favorite
02.14.2021
03:52
1/ In line with SCCP-77, the s/iDEFI index will be reweighted with a new composition of assets. It will be launched later this week, expected to be either Tuesday or Wednesday UTC time. https://t.co/5ELsNnqbF4 138 favorite
02.12.2021
17:05
$sUSD is now live on @warpfinance. Warp users can now borrow $sUSD using LP tokens as collateral! https://t.co/VMw4dxktWh 135 favorite
02.06.2021
17:47
Be warned; this discord message is a scam, and scams are on the rise. (And yeah, we'd *never* include a windows file in an update). https://t.co/8F7RsChtNb 91 favorite
02.06.2021
02:51
The annualised rewards for the new shorting incentives are now live! https://t.co/eRaNXMZxqv https://t.co/nxis6xCGFQ https://t.co/Eova48kFHz 124 favorite

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

help_outline

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

help_outline

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 387 Stars
remove_red_eye 49 Watchers
usb 199 Forks
sync_problem 62 Open Issues
border_color 63.52 % Comment Coverage
lock_open MIT License License

attach_money SNX Price Analysis

4.1

help_outline

SNX Price Prediction

$ 17.03573 (0.86%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 11.57823 (-31.45%) arrow_drop_down

Predicted USD Market Price in 14d by Coinpaper

help_outline

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.


help_outline

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

help_outline

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

help_outline
# Exchange Pair Price 24h Volume Trusted
# 1 Binance SNX/USDT $ 17.55667 $ 19,452,274 check
# 2 Coinbase Pro SNX/USD $ 17.55820 $ 11,929,890 check
# 3 Binance SNX/BTC $ 17.53599 $ 6,046,538 check
# 4 Binance SNX/BUSD $ 17.56069 $ 2,329,661 check
# 5 Coinbase Pro SNX/GBP $ 17.57084 $ 1,613,572 check
# 6 Kraken SNX/USD $ 17.53300 $ 1,082,743 check
# 7 Coinbase Pro SNX/BTC $ 17.54353 $ 966,366 check
# 8 Coinbase Pro SNX/EUR $ 17.57348 $ 906,778 check
# 9 Kraken SNX/EUR $ 17.58785 $ 612,910 check
# 10 Binance SNX/BNB $ 17.53799 $ 351,603 check

add
help_outline

Fast Scroll

Jump to specific section