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What is Synthetix?
Synthetix (SNX) formerly known as Havven is a cryptoasset-backed network that enables the creation of on-chain synthetic assets.
Synthetix has broadened Havvens vision by allowing the creation of multiple stablecoins knowns as sythns - these stable coins can be used for a variety of purposes including global remittance, purchases, funding token sales and a secure store of value.
SNX acts as collateral, provided by individuals on the Synthetix network. This enables SNX to be censorship resistant and unable to be seized. Its on chain configuration means there is no need for third party audits, as all the information is transparently stored on the Synthetix Blockchain.
Synthetix participants are incentivised to provide collateral by sharing in the reward of transaction fees generated from synth tokens.
Synthetix has broadened Havvens vision by allowing the creation of multiple stablecoins knowns as sythns - these stable coins can be used for a variety of purposes including global remittance, purchases, funding token sales and a secure store of value.
SNX acts as collateral, provided by individuals on the Synthetix network. This enables SNX to be censorship resistant and unable to be seized. Its on chain configuration means there is no need for third party audits, as all the information is transparently stored on the Synthetix Blockchain.
Synthetix participants are incentivised to provide collateral by sharing in the reward of transaction fees generated from synth tokens.
How do I buy Synthetix?
1.
Deposit funds into your account.
2.
Enter the amount of Synthetix (or Australian Dollar equivalent) that you would like to buy.
3.
Click ‘Buy Now’ to confirm your Synthetix purchase and your Synthetix will arrive in your CoinSpot wallet within minutes.
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