Source: SNXUSD Chart by TradingView
Synthetix, formerly Havven, is a cryptoasset-backed network that enables the creation of on-chain synthetic assets. The Synthetix platform enables the creation of on-chain synthetic assets (Synths) that track the value of assets in the real world. Some examples of assets that the platform supports are synthetic fiat currencies (sUSD, sAUD, sKRW, etc.), synthetic commodities such as gold (sXAU), as well as more complex assets such as equity indices.
What’s behind Synthetix (SNX) unusually strong summer?
Despite negative market conditions, the price of SNX—the native token of Synthetix—has been in a constant uptrend since mid-June.
Synthetix to launch perpetual futures on Ethereum scaling solution Optimism
Later this week, the synthetic assets protocol Synthetix will launch its service on Optimism, the optimistic roll-up scaling solution on Ethereum. The launch will imply an upgrade to the protocol, and trading will initially be limited.
Prominent investor speculates why Terra’s algo-stablecoin (UST) triumphed over Synthetix (sUSD)
While UST challenges the hegemony of DAI–a question of what exactly sets the Terra native stablecoin apart from the competition hit the nerve.
Head Of Marketing
Network Security Architect
Synthetix launched its token sale on Feb 28, 2018 and completed it on Mar 7, 2018. It raised a total of $30,000,000 USD.
The total supply available for purchase during the token sale was 100,000,000 HAV.
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