Synthetix is an Ethereum-based protocol that allows users to trade or issue synthetic assets, which are assets that obtain the value of similar assets without actually physically owning them. This means that investors now have the option to widen their investment portfolio by tapping into synthetic commodities like gold and silver, synthetic fiat currencies, and synthetic cryptocurrencies without their asset equivalent on hand.More
Synthetix uses a smart contract known as synth, in which its purpose is to monitor and give returns on the traded synthetic assets, and an important part of the synth to do its job is the decentralized oracle, which are smart-contract-based protocols that keep track of the prices of the assets in the market, so users can exchange them as if they have these assets for safekeeping or storage. Meanwhile, the tokens work as collateral, thereby protecting these assets from possible market volatility or fluctuations and improving these assets’ liquidity.More
Are you looking for an exchange where you can buy Synthetix (SNX) with iDeal and Bancontact? At Coinmerce you buy Synthetix (SNX) in the easiest and fastest way.More
You want to buy Synthetix? You can buy Synthetix using Creditcard or SEPA at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see Synthetix, use the search function to search for Synthetix and click on the name. You can indicate for how many euros you want to buy Synthetix in the right window. Below is shown how much Synthetix you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy Synthetix when the price of Synthetix reaches your entered value. You can also execute a repeating order. Do you want to buy Synthetix with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive Synthetix.
The Australian-based Synthetix was officially launched in 2017 by Kain Warwick, also its CEO and founder, who used to work in a cryptocurrency payment company in the country. Synthetix used to be called Havven, and it’s the name used when it had an initial coin offering in 2018 where the company offered 100 million tokens and raised around $30 million. The renaming occurred as the company developed and then issued 250 million tokens. Currently, the plan is to increase the token offer over the years. In March 2021, it released 212.5 million tokens. By the following year, it will reach over 230 million.