Dynamic and history value of price SNX. Maximal value of price synthetixnetwork was 16.76$ - 2021-01-16 16:00:10, Minimal price of SNX was 2.489$ value and fixed at 2020-11-02 08:00:13. Today price of synthetixnetwork is : 0$
Synthetix is a decentralized synthetic activity emission protocol incorporated in Ethereum. These synthetic activities are guaranteed by the Synthetix Network Token (SNX) which, when blocked in the contract, allows the issuance of synthetic activities (Synths). This joint guarantee model allows users to convert directly between synthesizers with the smart contract, avoiding the need for counterparties. This mechanism solves the liquidity and slippage problems encountered by DEX. Synthetix currently supports synthetic legal currencies, cryptocurrencies (long and short) and commodities. SNX owners have an incentive to bet their chips, as they receive a proportional share of the commissions generated through the activity on Synthetix.Exchange, depending on their contribution to the network. It is the right to participate in the network and acquire the commissions generated by Synth exchanges, from which the value of the SNX token derives.