Synthetix Network Token Price - SNX/NZD : $6.4657

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Order book SNX / NZD

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Synthetix Network Token: NZD 6.5134
Nzd
Nzd
Snx
Snx
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Synthetix Network Token: NZD 4.9622
Snx
Snx
Nzd
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What is Synthetix Network Token (SNX)?

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.

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