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What is Synthetix Network Token?
Synthetix (SNX) is a liquidity protocol for derivatives on Ethereum that enables both the issuance and trading of synthetic assets. Each synthetic asset, otherwise known as a Synth, is an ERC20 token that tracks the price of the asset it is based on using an oracle. As an example, sUSD which is a Synth of a US Dollar will track the price of the US dollar.
There are a wide variety of Synths that exist which are built on the Synthetix protocol including cryptocurrencies, fiat currencies, commodities and indexes.
How to buy Synthetix Network Token
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