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Buy Synthetix uk- SNX/GBP
£2.231
6.44 %
Change 24h

Description by Coingecko

Synthetix is based in Australia, Synthetix launched a seed funding round in September, 2017 to develop the concept of a self-contained stablecoin payment network. They then kicked off their public ICO on February 28, 2018 and by the end of the ICO on March 7, 2018, they had met their goal of $30,000,000 USD. Synthetix was rebranded from Havven on November 30, 2018. Synthetix is led by a multidisciplinary team of 13 individuals. The project was founded by Kain Warwick, who previously co-founded blueshyft, one of the largest digital payment networks in Australia. The CTO is Justin Moses, who also serves as the Director of Engineering at MongoDB. Synthetix aims to address the problem that companies running centralized payment networks such as PayPal, credit card networks, or the SWIFT banking network have “absolute control over the value within the network, so any transaction conducted within them may be blocked or reversed at any time.” According to the Synthetix white paper, “Although this is ostensibly designed to protect users, it introduces systemic risk for all participants. If the network is compromised or its owners cease to behave benevolently, no party can trust that the value in their account is secure or accessible.” This is theorized to work because anyone who holds SNX tokens in escrow will be incentivized by Synthetix rewards derived from network transaction fees that will be distributed “in proportion with how well each issuer maintains the correct Synths supply.” When a Synthetix escrow user puts their SNX in escrow, USD-stabilized Synths will be automatically put up for sale on a decentralized exchange at a price of $1 USD. To release escrowed SNX, the user must buy back the Synths issued (also at a price of $1 USD) at which point the Synths will be burned. The Synthetix system uses an algorithm to adjust network fees, and therefore dividends, to SNX holders to incentivize (or disincentivize) the holding of SNX in escrow smart contracts, and thus, the creation of Synths. The theory is that this will cause users to mint and burn Synths in the appropriate amount based solely on supply and demand.

Buy Synthetix | SNX Price GBP

Synthetix Price GBP is £2.231. SNX price has experienced a daily change of 6.44 %. This gives Synthetix (SNX) a Market Cap of £ 533,652,715. The total volume of Synthetix (SNX) traded in the last 24-hour period was £ 41,296,691. Circulating Supply of Synthetix (SNX) is 238,883,000. Total Supply of Synthetix (SNX) is 100,000,000.

You can buy Synthetix UK directly from Binance (if available) using a credit card or debit card. This referral will save you 20% on trading fees. If SNX is not listed or is otherwise unavailable, another possibility is buying a cryptocurrency available directly on Binance with a credit card or debit card. This crypto can then be traded with SNX on Binance, or an alternative exchange.

Synthetix SNX is a cryptocurrency currently listed on web3spy.io with data from coingecko. At the time of initial listing, SNX had met the full listing criteria for inclusion on coingecko. For this reason, web3spy.io has given SNX a default star rating of 3 stars. This is intended to be an unbiased and neutral rating. Please research this project thoroughly before trading.

Always exercise extreme caution when moving cryptocurrencies. We in no way endorse any cryptocurrency project, nor do we encourage trading on any exchange listed on this website. Please do your own research.

Synthetix (SNX) was created on March 11, 2018. Synthetix (SNX) is a digital asset secured by cryptography. We supply SNX/GBP trading pairs below. More information can be obtained from the official Synthetix (SNX) website at: synthetix.io

SNX blockchain can be viewed here: etherscan.io ethplorer.io enjinx.io

SNX social networks can be viewed here: Facebook Twitter BitcoinTalk blog.havven.io

Synthetix (SNX) Rating

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SNX/GBP Price Chart

Genesis
March 11, 2018
Market Cap
£ 533,652,715
Volume 24h
£ 41,296,691
Circulating Supply
238,883,000
Total Supply
100,000,000
SNX
£

SNX Questions and Answers

What is the latest price of SNX in GBP?
The latest SNX Price is £2.231
What is SNX's MarketCap in GBP?
SNX's MarketCap is £ 533,652,715
Where can I buy SNX in the UK?
You can buy SNX on Binance (if available) or an alternative exchange
What is the 24-hour trading volume of SNX in GBP?
The 24-hour trading volume of SNX is £ 41,296,691
What is the Circulating Supply of SNX?
The Circulating Supply of SNX is 238,883,000
What is the Total Supply of SNX?
The Total Supply of SNX is 100,000,000
Where can I sell SNX in the UK?
You can sell SNX on Binance (if available) or an alternative exchange
What is the web3spy.io star rating for SNX?
The current visitor generated star rating for SNX is 3 (based upon 3 visitor votes)