Synthetix Network Token (SNX)

platform
smart contracts
payments
eth token
defi
#43

Marketcap Ranking

5.140047 (5.52%) arrow_drop_up

Market Price (24h change)

537,203,921

Total Market Cap

3.4

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info_outline What is SNX

4.5

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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

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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

4.4

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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.

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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 a non-public figure..

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

2.0

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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 1,288 Subscribers
directions_run 14 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 44,905 Followers
12.03.2020
23:04
The third phase of our Optimistic Ethereum trial with @optimismPBC is live! In this phase, we will be trialing withdrawals from L2 to the L1 Goerli testnet. 1/ https://t.co/Rob6IfrxB8 147 favorite
12.03.2020
21:10
We are pleased to announce that we will be extending the Volume Program trial for another three months as we explore making the Volume Program a permanent component of the Synthetix Protocol. https://t.co/6lSsCDd9Nc 67 favorite
12.03.2020
14:23
You can now use your $SNX and $sUSD to fuel your @monolith_web3 Visa card! Monolith is available to members of the EEA and can be used globally to make purchases with over 60 million merchants that accept Visa. https://t.co/TvKnqbKVES 93 favorite
12.03.2020
03:51
sUSD has been in high demand on lending platforms recently — remember that you can borrow sUSD against your ETH at https://t.co/ljqLgjkNwj with a 150% C-Ratio! https://t.co/nNYEmGYP5a 151 favorite
12.02.2020
02:19
Here is the recording of a discussion among some of the Synthetix core contributors about some high-level considerations for the L2 Optimistic Ethereum migration. 63 favorite
12.01.2020
03:44
This release is now complete, and SNX/Synths are tradable once more. sBTC and iBTC trading fees have also been reduced back to 0.3% each. https://t.co/z3FywolRKu 62 favorite
12.01.2020
00:30
We're about to launch the Adhara release to reimplement the double-exchange fee rate on swing trades, i.e. from an sSynth to its iSynth (e.g. sBTC to iBTC). During this time SNX and Synths will not be transferrable/usable, expected to be up to 1-2 hours. https://t.co/4tavidud5L 47 favorite
11.30.2020
11:29
Less than 24 hours from now, at 00:00 UTC on December 1, the Spartan Council election begins! 1/ https://t.co/M7fN1ZaeWm 51 favorite
11.30.2020
05:53
Remember that https://t.co/hWZlUJSllS displays the available yields across the Synthetix system, currently at nearly 86% for iBTC! https://t.co/npRBB0W4Aj 77 favorite
11.27.2020
19:26
Checkout @pillarwallet's recent interview with @TrudelAndrew on Synthetix. Talking points include: - How Synths work - Advantages of Synth trading - Improving accessibility with Pillar Pillar is a mobile wallet and Synthetix Volume Program member. 57 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 287 Stars
remove_red_eye 43 Watchers
usb 147 Forks
sync_problem 54 Open Issues
border_color 43.7 % Comment Coverage
lock_open MIT License License

attach_money SNX Price Analysis

3.4

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SNX Price Prediction

$ 5.177393 (-0.63%) arrow_drop_down

Predicted USD Market Price in 24h by Coinpaper

$ 5.148527 (-1.18%) 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

4.0

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SNX Team

compare_arrows SNX Exchanges

SNX Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Binance SNX/USDT $ 5.120829 $ 9,763,917 check
# 2 Binance SNX/BTC $ 5.112265 $ 2,391,608 check
# 3 Kraken SNX/USD $ 5.127000 $ 622,029 check
# 4 Binance SNX/BUSD $ 5.136430 $ 516,035 check
# 5 Binance SNX/BNB $ 5.113851 $ 289,269 check
# 6 Kraken SNX/EUR $ 5.163207 $ 287,153 check
# 7 Kraken SNX/BTC $ 5.133280 $ 81,058 check
# 8 Kraken SNX/ETH $ 5.146024 $ 64,783 check
# 9 Bitfinex SNX/USD $ 5.172100 $ 25,005 check
# 10 Bitfinex SNX/USDT $ 5.183198 $ 9,547 check

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