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Synthetix Network Token (SNX)
Marketcap Ranking
Market Price (24h change)
Total Market Cap
3.4
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info_outline What is SNX
4.5
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.
SNX Explanation Video
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synthetix.io
SNX
Websitemore_vert
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
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 WhitepaperSNX 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'.
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
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 |
| view_list Telegram: Contact @havven_official2 Channel |
| person Members |
| directions_run Online |
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
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
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
SNX Price Prediction
Predicted USD Market Price in 24h by Coinpaper
Predicted USD Market Price in 14d by Coinpaper
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.
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
SNX Team
SNX Team Leader
SNX Team Members (0)
compare_arrows SNX Exchanges
SNX Markets
| # | 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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