Synthetix Network Token will be a decentralised payment network where users transact directly in a price-stable cryptocurrency. Those who use the stablecoin pay fees to those who collateralise the network, compensating them for the risks of providing collateral and stability. Collateral providers control the money supply, and fees are distributed in proportion with each individual’s stabilisation performance. Thus, Synthetix Network Token rewards suppliers of stability and charges those who demand it. (The price of Synthetix Network Token is $12.84202)
The price of Synthetix Network Token is currently $12.842019
1 hour % | 12 hour % | 24 hour % | 7d % | 30d % | 1y % |
---|---|---|---|---|---|
BTC 6.36% USD 11.62% ETH 2.41% |
BTC 0.42% USD -4.77% ETH 2.98% |
BTC -2.13% USD -14.09% ETH -0.23% |
BTC 11.34% USD -13.84% ETH -6.97% |
BTC 36.63% USD 74.14% ETH -3.55% |
BTC 239.05% USD 1085.33% ETH 73.8% |
The all time high price of Synthetix Network Token was $17.09329933 on 2021-01-16 16:12:25
Development Status: | Alpha version |
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Proof Type: | Not mineable |
Hash Algorithm: | None |
Hardware Wallet: | Yes |
Circulating Supply: 104,513,427 SNX
Beta Value: 0.967