Full Name: Synthetix
Synthetix is a derivatives liquidity agreement based on Ethereum in 2018, which aims to realize the issuance and trading of synthetic assets. Synthetix currently supports the issuance of synthetic assets including fiat currencies, cryptocurrencies, and commodities. In principle, the system can provide on-chain exposure to unlimited real assets. Synths is generated by the Synthetix Network Token (SNX) mortgage. Participating in staking can charge fees generated by Synth transaction volume.
Issuance and Circulation Information:
Total Supply: 194,006,803 SNX
Circulation: 109,861,002 SNX (7/21/2020)
Official Website Link: https://www.synthetix.io/
White Paper Link: https://docs.synthetix.io/litepaper/
Disclaimer: The content of this introduction comes from official materials such as white papers released by the official project team so that investors can better understand the currency and its corresponding projects. The content of this article obtains information through legal channels, as far as possible to ensure the reliability, accuracy and completeness of the information, but does not fully guarantee the accuracy and completeness of the information described in the report. The content of this article cannot be used as the basis for investment research decision-making, and cannot be used as a moral, liability, or legal basis or evidence, regardless of whether it has been expressed or implied.