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Before Buying Synthetix, WATCH THIS ! SNX Target Price Prediction

5 929 views | 11 Jan. 2021

Synthetix is a

Synthetix is a decentralized synthetic asset issuance protocol founded by Kain Warwick and the Synthetix Foundation. Initially, it was known as Havven when it first launched in September 2017. During its seed round and token sale, it managed to raise $30 million by selling 60 million HAV tokens to investors. In late 2018, the platform expanded its vision and rebranded to Synthetix. Today, the platform is the largest decentralized exchange for derivatives in the decentralized finance (DeFi) space, boasting an impressive ~$700M in total value locked (TVL) as of November 2020.

Synthetic assets or Synths are derivatives that provide exposure to real world assets on the Ethereum blockchain. Similar to derivatives in traditional financial markets, Synths allow users to hedge and reduce their risk, speculate on price movements and gain access to unavailable assets or markets. This is all accomplished without an individual ever holding the underlying asset.

source: coingecko.com

Synthetix is a decentralised synthetic asset issuance protocol built on Ethereum. These synthetic assets are collateralized by the Synthetix Network Token (SNX) which when locked in the contract enables the issuance of synthetic assets (Synths). This pooled collateral model enables users to perform conversions between Synths directly with the smart contract, avoiding the need for counterparties. This mechanism solves the liquidity and slippage issues experienced by DEX’s. Synthetix currently supports synthetic fiat currencies, cryptocurrencies (long and short) and commodities. SNX holders are incentivised to stake their tokens as they are paid a pro-rata portion of the fees generated through activity on Synthetix.Exchange, based on their contribution to the network. It is the right to participate in the network and capture fees generated from Synth exchanges, from which the value of the SNX token is derived. Trading on Synthetix.Exchange does not require the trader to hold SNX.

source: synthetix.io

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Disclaimer:

I am not a financial adviser and my opinions are my own entirely. One should evaluate their options and inform themselves prior to investing in any market, and after discussion with their financial adviser.

Gustav Goodies

I got 18,8 SNX tokens for free on 2018 Airdrop lol

andyn333

SnX is on its way to $20!

arduin ML

man stil lat 15 while btc down at almost 30%, what s your take?

jaytabone

Nice quick cool content

Top Coin

Let me know what you guys think about Synthetix ! and ask me any questions :)

cleitinho silva

One of the solid projects currently listed on #MXC_Exchange is $SNX I think $20 is coming time to buy $SNX here www.mxc.com/trade/easy#SNX_USDT

Gustav Goodies

So what was the price prediction at the end of this cycle?

Snx token

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? How to Buy Synthetix Network Token (SNX) Coin in 3 Minutes? ? [TUTORIAL]

137 views | 28 Jan. 2021

Hi everybody, in today's

Hi everybody, in today's video I show how to buy Synthetix Network Token.

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Synthetix is a decentralized protocol for the deployment of goods on the Ethereum network. But the project also includes the development of different interfaces to this protocol which have various interesting functionalities such as Synthetix.Exchange.

The deployment of these assets is achieved through Ethereum tokens called Synths that can replicate the value of cryptomoney such as Bitcoin or Ether, but also more traditional actions such as Apple actions (AAPL) for example.

The protocol uses its own Ethereum token, the SNX, to ensure the proper functioning of its services. And in this video I show you how to buy some SNX tokens. The SNX is used as a guarantee to ensure the stability and liquidity of the various Synths offered to users.

Please note that this video is not a financial advice.

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Ananas Musclé

I did not know this crypto.. this is a good one ?

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WHY I WENT ALL IN ON $SNX! SYNTHETIX PRICE EXPLOSION 3x!

10 214 views | 9 Jan. 2021

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ANY INFORMATION CONTAINED HEREIN IS A PERSONAL OPINION AND NOT FINANCIAL ADVICE.

ANY INFORMATION CONTAINED HEREIN IS PROVIDED FOR INFORMATIONAL AND EDUCATIONAL PURPOSES ONLY AND IT IS NOT AN OFFER OR SOLICITATION TO BUY,

HOLD, OR SELL ANY SECURITY.

Legal Disclosure: I’m not a financial advisor.

The information contained in this video is for entertainment purposes only.

Before investing, please consult a licensed professional.

Any stock purchases I show on video should not be considered “investment recommendations”.

I shall not be held liable for any losses you may incur for investing and trading in the stock market in attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely

Amit

When did you buy them yesterday or two months back

A T

SNX has alot potential it's for the derivatives market and that's a $600T beast!

squarecracker

All your information is wrong, you don't really understand the protocol, and you are a brainlet in general.

MrxOnurb

Buy Matic Network when is price so cheap 0.026$, the same staking ratio .

Holistic APRN

So these are the New World Order Guys (Synthetix). Good for the price but the goal is to digitize all.

Nick

You are 1 happy man right now, SNX at 15.50 lmao, glad I got in around $7

Ronell Parker

I got in at 6$ & im thinkimg more like 7 to 11 billion market cap hodling 1000+ snx is life changing go all in and hodl 3 to 5 yrs

Bitcoin Nederland

Don't buy now...There will be big dump in March

samp1117 P

I love SNX but you are a little bit late. the time to buy was when it was $2.00. CB picks, have been many months too late to party, then the tokens dump...

Haidor

Lol, excited over a 2-3x from now till March in what might be the biggest bull run ever. I think you’re too safe and made too much money over the years and staying super safe. Don’t blame you but not everyone has the clout you’re investing.

TB 050

Hi bud, you should take a look at Mahadao

Jeff Christopher

Palm beach ? efx

Vaughn Johnson

where can I purchase SNX being a New Yorker ? Any exchange I can use for sale of SNX in the USA ?

Justin

What’s up man I like $SNX.. Have you seen $WISE staking it looks interesting with its ownerless liquidity pool and being backed by ETH. I have a bag of both would like to hear your thoughts on $WISE as well.

Logan Jordan

Where’s your BAT

Sarah Tran

kava is exploding in 2021 for sure...low supply and share price is the main reason....smart investors will look at share price and supply to earn more profit....share price = market cap / supply volume......kava has only 45 million circulation supply at $2.70 Aud per share..you will regret if you don't invest kava

Seadreamer rebel

So did I earlier, now staking on Celsius. ICX doing well in last 24h, staking. ?

Hanz O

Boom? shackalaka

Jeff Foster

You can stake it on Celsius and get 22% apy

B Cee

Sparta is the new SNX on the binance chain

Devon Van Kraft

Whooooooooooooooooooop

lincolnmoreira

Hi bud, you should take a look at TomoChain (TOMO) as well. Thank you

ryan sandstrom

I was hoping to catch a dip. +57.9% on the week ?

YUBZ

booom ;)

TwitchRadio

So SNX just mooned for a bit and it seems like it around the 24 to 25... How long do you think till it gets into the 100 range seeing this new data over a month..

Gaming4life

What’s the price we could see SNX get up to in a year or two?

Ra Kim

Why didn’t you go all in?

Tim Sullivan

am i too late to grab this coin ? let me know please

radish

I bought some today it's still worth investing Would anyone Say? Please anyone

S T

Imho, I think INJ has way more potential than SNX based on the tokenomincs and based on what INJ is trying to accomplish..

M. D.Crypt

So, you bought a ton, huh? Who cares?

LucPi

Got my bag $$

Cody Portraits

SNX to the moon ?

Fzb

From the 12th Jan you can do the same with SCRT as you can with Synthetix - AND with programmable privacy. Synthetix need privacy in their defi otherwise useless for actual adoption. Also AAM coming up this week that prevents front running.

Prashant Desai

I see 50+ by mar. Hodl for life. But do look at market

JESSE SANTILLANO

5-6 billion - that’ll hit around march

vambo13257

this consolidation is killing me!

Paddle Partner

Snx beast is here! Been in since .50 been staking over a year

William Hanson

Dangerous place to buy, looks like a top at 15 usdt.

Drew li0

I like your hair ?