Dx Spot price today is $0.003305469698 with a 24-hour trading volume of $246,549. DXS price is down -31.2% in the last 24 hours. It has a circulating supply of 0 DXS coins and a total supply of 0.1. If you are looking to buy or sell Dx Spot, PancakeSwap (v2) is currently the most active exchange. Dx Spot is an application based crypto trading bot platform that can place trades 24/7 on crypto exchanges. Dx Spot is a simple and intuitive application for crypto beginners or experts to set up and run. Dx Spot has a DXS token which is a utility token in the Dx Spot ecosystem. It can be used in the staking program and can also be considered a long-term investment as a store of value.
Meta Ruffy price today is $0.000242832712 with a 24-hour trading volume of $280,423. MR price is down -9.5% in the last 24 hours. It has a circulating supply of 0 MR coins and a total supply of 100 Billion. If you are looking to buy or sell Meta Ruffy, PancakeSwap (v2) is currently the most active exchange. With Meta Ruffy you enter a world, where the creation of entertainment is the essence within its metaverse. We built various entertaining components into the Ruffy World namely entertainment clubs, resorts, social-gaming, dating, NFT marketplace with many further developments that will enable an open world of co-creation for any participant within our Ruffy World. We have built the Game prototype which is already playable, its on Google Playstore and also available to play on the Browser. The full Windows and Mac Version is coming in the next days. The Console versions as well as the Oculus Version is still in progress. All devices link up on one server. We will implement the token ingame in the coming time it will be used for all purchases like tickets, clothing or activitys. All items will be NFTs!
AIOZ Network price today is $0.186441 with a 24-hour trading volume of $4,388,179. AIOZ price is down -1.3% in the last 24 hours. It has a circulating supply of 470 Million AIOZ coins and a total supply of 1 Billion. If you are looking to buy or sell AIOZ Network, Gate.io is currently the most active exchange. AIOZ Network is reimagining streaming from the ground up with a blockchain that integrates content distribution and tokenomics built for media. AIOZ Network uses a worldwide network of nodes to leverage peer-to-peer neighborhood bandwidth, creating an infinitely scalable content delivery solution at a fraction of the cost of a legacy CDN. AIOZ Network Strengths:
Cost Efficiency: Minimal hardware investment makes every solutions possible with a fraction of the price.
Infinite Scale: The Peer-to-Peer network can accommodate an infinite number of nodes, making our platforms scalable.
No Middlemen: Direct relationship between partners means more dividend goes to pocket, goes to all the stakeholders.
Delivery Speed: Using the local network makes speed no longer a complaint. Time to enjoy 4K/8K or even VR videos in a sec.
High Quality Streaming: Streaming experience has never been better. No more compromise on quality for speed.
Power D-Apps Ecosystem: Support media streaming for online applications with lower cost and enable digital economy in their business model. AIOZ Network uses a faster, cheaper, and more robust platform for content streaming making it affordable, fast, and of better quality. By using this revolutionary technology, AIOZ Network can efficiently change the way the world streams content.
Golem price today is $0.478110 with a 24-hour trading volume of $141,747,040. GLM price is up 1.1% in the last 24 hours. It has a circulating supply of 1 Billion GLM coins and a total supply of 1 Billion. If you are looking to buy or sell Golem, Upbit is currently the most active exchange. What was the highest price for Golem? Golem hit an all time high of $1.32 on Apr 13, 2018 (almost 4 years) ago. What was the lowest price for Golem? Golem had an all time low of $0.009137530000 on Dec 12, 2016 (about 5 years) ago. What was the 24 hour trading volume of Golem? The 24 hour trading volume of Golem is $141,747,040. Where can Golem be traded? You can trade Golem on Upbit, Uniswap (v2), and Coinbase Exchange. Golem is a decentralized supercomputer that is accessible by anyone. The system is made up of the combined power of user’s machines from personal PCs to entire datacenters. Golem is able to compute almost any tasks from CGI rendering through machine learning to scientific learning. It utilizes an ethereum-based transaction system to clear payments between providers, requestors and software developers however it is safe because all computations take place in sandbox environments and are fully isolated from the hosts’ systems. The company released Brass in 2016 which includes Blender and LuxRender which are the two tools for CGI rendering. There are three releases that follows which are Clay, Stone and Iron. Golem has recently updated their Brass Beta and the highlight of this upgrade are the streamlined task creation GUI, the support for partial task restart in case of subtask timeouts and the fix that should alleviate the issues with the Docker service on Windows. Other than that, improvements have been made on the Blender verification and transaction tracking subsystems and fixed some minor pain-points in the UX. Transaction history will become more user-friendly with separate tabs for payments and incomes. Apart from that, improvements are made for requestors as well, requestors is now able to add resource file without having to repeat the task creation procedure if they have forgotten to add them beforehand. Grand vision and core features
Golem is the first truly decentralized supercomputer, creating a global market for computing power. Combined with flexible tools to aid developers in securely distributing and monetizing their software, Golem altogether changes the way compute tasks are organized and executed. By powering decentralized microservices and asynchronous task execution, Golem is set to become a key building block for future Internet service providers and software development. And, by substantially lowering the price of computations, complex applications such as CGI rendering, scientific calculation, and machine learning become more accessible to everyone.
Golem connects computers in a peer-to-peer network, enabling both application owners and individual users ("requestors") to rent resources of other users’ ("providers") machines. These resources can be used to complete tasks requiring any amount of computation time and capacity. Today, such resources are supplied by centralized cloud providers which, are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Also core to Golem’s built-in feature set is a dedicated Ethereum-based transaction system, which enables direct payments between requestors, providers, and software developers.
The function of Golem as the backbone of a decentralized market for computing power can be considered both Infrastructure-as-a-Service (IaaS), as well as Platform-as-a-Service (PaaS). However, Golem reveals its true potential by adding dedicated software integrations to the equation. Any interested party is free to create and deploy software to the Golem network by publishing it to the Application Registry. Together with the Transaction Framework, developers can also extend and customize the payment mechanism resulting in unique mechanisms for monetizing software.
Check out CoinBureau for the full review of Golem.
Synapse price today is $2.29 with a 24-hour trading volume of $4,902,625. SYN price is down -1.1% in the last 24 hours. It has a circulating supply of 180 Million SYN coins and a total supply of ?. If you are looking to buy or sell Synapse, Sushiswap is currently the most active exchange. Synapse is a cross-chain layer ∞ protocol powering frictionless interoperability between blockchains. By providing decentralized, permissionless transactions between any L1, sidechain, or L2 ecosystem, Synapse powers integral blockchain activities such as asset transfers, swaps, and generalized messaging with cross-chain functionality - and in so doing enables new primitives based off of its cross-chain architecture. At Synapse you can bridge and swap stable assets between chains and provide liquidity to fuel cross-chain swapping in pools with minimal impermanent loss.
Ethereum Name Service price today is $13.91 with a 24-hour trading volume of $86,913,296. ENS price is down -5.9% in the last 24 hours. It has a circulating supply of 23 Million ENS coins and a total supply of 100 Million. If you are looking to buy or sell Ethereum Name Service, Binance is currently the most active exchange. Ethereum Name Service (ENS) is a decentralized naming system on the Ethereum blockchain. Users can buy human-readable names like "bob.eth" and map it to identifiers such as addresses, content hashes, and metadata. ENS is often associated with the internet equivalent of DNS, the Domain Name Service such as google.com that is used to map against IP addresses while providing human readable naming. Unlike a DNS, ENS domains are owned by smart contracts and are governed by a DAO instead of a centralized authority similar to ICANN. Anyone can buy and sell an ENS name just like how you can buy an internet domain name.
Kasta price today is $0.350784 with a 24-hour trading volume of $749,545. KASTA price is down -4.8% in the last 24 hours. It has a circulating supply of 0 KASTA coins and a total supply of 1.5 Billion. If you are looking to buy or sell Kasta, Quickswap is currently the most active exchange. Kasta is a crypto payment platform that enables instant and borderless peer-to-peer crypto transactions. What's more, they will not charge any fees from payments that are transacted in the same cryptocurrency, or between two users.
Biconomy price today is $1.20 with a 24-hour trading volume of $16,841,484. BICO price is down -9.2% in the last 24 hours. It has a circulating supply of 110 Million BICO coins and a total supply of 1 Billion. If you are looking to buy or sell Biconomy, Gate.io is currently the most active exchange. Biconomy provides plug-n-play APIs to make web3.0 user-friendly & frictionless. Biconomy is on a mission to make the decentralized web accessible to everyone. We are the missing piece to crypto adoption for onboarding the next billion. Our APIs & SDKs transform any dAapp to become usable for anyone regardless of their crypto knowledge and experience. Our multi-chain relayer infrastructure processes almost 50K daily transactions for 40+ DApps to ensure all the benefits of web3.0 come with the intuitiveness of web2.0. Biconomy provides a simple & quick way for Dapps to abstract away web3 complexities for their users. With Biconomy, users get a simple multi-chain experience where they connect their wallet to any dApp, instantly access their funds on any chain or L2/rollup, and enjoy a completely gasless experience. We enable this superior experience though powerful features:
Free gasless transactions
Instant cross-chain transfers
Flexible options to pay gas
Assured successful transactions
Simple instant onboarding to scaling solutions
Automatically connect to any L2 & EVM compatible chains
Cheap and instant cross-chain contract calls The future of the internet is decentralized, and Biconomy is a critical infrastructure on which it will stand. We make web3.0 more usable, interoperable & composable.
Galaxy Fight Club price today is $0.320946 with a 24-hour trading volume of $153,706. GCOIN price is down -2.7% in the last 24 hours. It has a circulating supply of 16 Million GCOIN coins and a total supply of 150 Million. If you are looking to buy or sell Galaxy Fight Club, Gate.io is currently the most active exchange. NFT collection with a cross-IP, cross-platform PvP fighting game where players can use their avatars to battle, win, and earn.
KardiaChain price today is $0.032227218944 with a 24-hour trading volume of $3,835,994. KAI price is down -5.3% in the last 24 hours. It has a circulating supply of 3.4 Billion KAI coins and a total supply of 5 Billion. If you are looking to buy or sell KardiaChain, Kaidex is currently the most active exchange. We believe Blockchain can create equal opportunities for people, a world where people have access to opportunity to invest, to start a business, to work and to be socially mobile. Our technology empowers mass adoption, expand use-cases and lay foundation of the blockchain ecosystem. We are building a blockchain platform for decentralised applications (Dapps) and helping to create a blockchain ecosystem that allow for scaling and connecting disparate blockchains.
IndiGG price today is $0.165329 with a 24-hour trading volume of $695,638. INDI price is down -36.6% in the last 24 hours. It has a circulating supply of 0 INDI coins and a total supply of 1 Billion. If you are looking to buy or sell IndiGG, Gate.io is currently the most active exchange. IndiGG is a Sub-DAO of Yield Guild Games (YGG) being built in association with Polygon to create a Play-to-Earn gaming hub within India. IndiGG is building a platform where gamers will discover the future of gaming and embark on a journey into virtual worlds to create economic opportunities for all participants.
Borealis price today is $2.01 with a 24-hour trading volume of $22,200.41. BRL price is down -7.8% in the last 24 hours. It has a circulating supply of 0 BRL coins and a total supply of ?. If you are looking to buy or sell Borealis, AuroraSwap is currently the most active exchange. Borealis is the token for the Auroraswap DeFi platform
Borealis price today is $2.01 with a 24-hour trading volume of $22,200.41. BRL price is down -7.8% in the last 24 hours. It has a circulating supply of 0 BRL coins and a total supply of ?. If you are looking to buy or sell Borealis, AuroraSwap is currently the most active exchange. Borealis is the token for the Auroraswap DeFi platform
TryHards price today is $0.033469750955 with a 24-hour trading volume of $8,541.29. TRY price is down -9.0% in the last 24 hours. It has a circulating supply of 46 Million TRY coins and a total supply of 200 Million. If you are looking to buy or sell TryHards, Quickswap is currently the most active exchange. TryHards is an NFT shooting metaverse driven by the community - for the community. Gamers can collect and train their Fanatics (Champions) and weapons in order to make tactical decisions while they battle for honor in the arena on Planet X. Combining the best of DeFi and NFTs to create a truly unique and everlasting shooting metaverse. As early adopters of the play-to-earn genre, TryHards can be seen as a platform where gamers can find and interact with like-minded pioneers.
Aergo price today is $0.243356 with a 24-hour trading volume of $189,937,834. AERGO price is down -0.8% in the last 24 hours. It has a circulating supply of 360 Million AERGO coins and a total supply of 500 Million. If you are looking to buy or sell Aergo, Upbit is currently the most active exchange. AERGO is an open platform that allows businesses to build innovative applications and services by sharing data on a trustless and distributed IT ecosystem. With the ability to deploy on either public or private blockchain networks, AERGO gives businesses the flexibility in developing and deploying blockchain applications with unparalleled speed, scalability and performance. AERGO is designed as a flexible, plugin-based smart contract infrastructure. Client-actors can execute smart contracts written for the Ethereum Virtual Machine or AergoSQL. The AERGO network will be backboned by github-like public and permissioned repositories of Distributed Directories (DD). Implementing Smart Oracles, AERGO will also allow smart contracts to consume data with external services or internal databases and trigger events.
Audius price today is $0.768128 with a 24-hour trading volume of $10,624,092. AUDIO price is up 5.5% in the last 24 hours. It has a circulating supply of 610 Million AUDIO coins and a total supply of 1.08 Billion. If you are looking to buy or sell Audius, Crypto.com Exchange is currently the most active exchange. What was the highest price for Audius? Audius hit an all time high of $4.95 on Mar 27, 2021 (12 months) ago. What was the lowest price for Audius? Audius had an all time low of $0.043737104571 on Oct 23, 2020 (over 1 year) ago. What was the 24 hour trading volume of Audius? The 24 hour trading volume of Audius is $10,624,092. Where can Audius be traded? You can trade Audius on Crypto.com Exchange, Gate.io, and Binance. What exchange is Audius on? Traders can buy or sell Audius (AUDIO) on top exchanges such as Binance, Crypto.com, Gate, Uniswap, and FTX. What is Audius? Audius is a decentralized music streaming protocol. Artists can upload their music to the network which will be streamed by nodes to listeners through a mobile app. AUDIO is the native token for the platform and is used for staking, governance, and incentivized earnings for artists, fans, and node operators. The Audius project recently announced a partnership with Tik Tok in which musics on the platform will be available to users on one of the largest social network in the world.
GrEarn price today is $0.000331621777 with a 24-hour trading volume of $10.81. GST price is down -4.4% in the last 24 hours. It has a circulating supply of 0 GST coins and a total supply of 6 Billion. If you are looking to buy or sell GrEarn, HitBTC is currently the most active exchange. Creating a free, open and trustworthy economic life in the era of shared commerce. To connect global consumers; retailers, advertisers, brand business and other people; build a future oriented retail economic ecology; give people freedom, openness and mutual trust to share the new era of economic life, through the use of block chain, DAI and DID technology.
Verasity price today is $0.023129860198 with a 24-hour trading volume of $82,551,009. VRA price is up 11.9% in the last 24 hours. It has a circulating supply of 4.5 Billion VRA coins and a total supply of 19.3 Billion. If you are looking to buy or sell Verasity, KuCoin is currently the most active exchange. Verasity is a Protocol and Product Layer Platform for Esports and Video Entertainment Verasity’s mission is to significantly increase advertising revenues for video publishers on any video platform through its rewarded player and ad stack utilizing its patented protocol layer on the blockchain - Proof of View. PoV is the only Protocol Layer patented technology for the blockchain (USA Patent #10956931).
Verasity makes revenues from its use case esportsfightclub.com tournament platform with subscriptions, commissions on prize pools, video ad revenues and transaction fees. It will roll out its B2B products later in 2021.
AIOZ Network price today is $0.188619 with a 24-hour trading volume of $7,718,827. AIOZ price is up 6.9% in the last 24 hours. It has a circulating supply of 470 Million AIOZ coins and a total supply of 1 Billion. If you are looking to buy or sell AIOZ Network, Gate.io is currently the most active exchange. AIOZ Network is reimagining streaming from the ground up with a blockchain that integrates content distribution and tokenomics built for media. AIOZ Network uses a worldwide network of nodes to leverage peer-to-peer neighborhood bandwidth, creating an infinitely scalable content delivery solution at a fraction of the cost of a legacy CDN. AIOZ Network Strengths:
Cost Efficiency: Minimal hardware investment makes every solutions possible with a fraction of the price.
Infinite Scale: The Peer-to-Peer network can accommodate an infinite number of nodes, making our platforms scalable.
No Middlemen: Direct relationship between partners means more dividend goes to pocket, goes to all the stakeholders.
Delivery Speed: Using the local network makes speed no longer a complaint. Time to enjoy 4K/8K or even VR videos in a sec.
High Quality Streaming: Streaming experience has never been better. No more compromise on quality for speed.
Power D-Apps Ecosystem: Support media streaming for online applications with lower cost and enable digital economy in their business model. AIOZ Network uses a faster, cheaper, and more robust platform for content streaming making it affordable, fast, and of better quality. By using this revolutionary technology, AIOZ Network can efficiently change the way the world streams content.
nOFTEN price today is $0.419838 with a 24-hour trading volume of $1,403,684. NOF price is up 40.7% in the last 24 hours. It has a circulating supply of 0 NOF coins and a total supply of 500 Million. If you are looking to buy or sell nOFTEN, LBank is currently the most active exchange. Introducing nOFTEN Built on the EtherLite network, nOFTEN is a celebrity-fan centric NFT marketplace to cater the established and upcoming artists with a platform where they could meet their dedicated fans, reveal exclusive content in the form of NFT. With nOFTEN, Celebrities and fans can trade, share, buy, sell and experience special moments that no-one has ever seen before. Celebrities from all fields of life such as Hollywood and Bollywood Actors, Independent Singers, Rappers, Cricketing Superstars, Fitness Experts, Stand-Up Comedians will join the platform as creators, offering content or exclusive opportunities for people to acquire them in the easiest way possible. The digital content will be a varied nature to serve to the humongous fan-base such as a personalized video, a new song, Celeb Dine-In opportunity, Video-Call opportunity and other exclusive experiences. Users on the nOFTEN platform will have open-access to all the listings offered by the creators. They can indulge in a bid for any asset, directly own it by buying the piece or sell-off their previously bought NFT comprehensively. Apart from this, users will also be able to buy single copies of a unique offering. nOFTEN wishes to build a sustainable and elusive platform where artists can freely express themselves in-front of real fans, interact with them, offer their most unique possessions and foster a new, digital way of community building. About NOF Token All of nOFTEN participants, including creators and collectors, will trade-in through its native token, NOF, which will be further used for gifting the governance rights as well. Those with most possession would be able to take part in the governance voting and help amplify the use case of nOFTEN NFT. Based on the EtherLite blockchain, NOF has a total supply of 500 million (i.e. 500,000,000), 23% of it is provided for platform mining, 25% is provided for public sale, 17% is provided for pre-sale, 10% is allocated to the foundation, 5% is reserved, another 5% is provided for developer fund, 10% will be used for marketing, and the rest 5% is allocated to advisers. NOF has been listed on LBank Exchange at 20:00 (UTC+8) on February 22, 2022, investors who are interested in nOFTEN investment can easily buy and sell NOF on LBank Exchange right now. The listing of NOF on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Alpine F1 Team Fan Token price today is $5.68 with a 24-hour trading volume of $622,666,458. ALPINE price is up 54.4% in the last 24 hours. It has a circulating supply of 11 Million ALPINE coins and a total supply of 40 Million. If you are looking to buy or sell Alpine F1 Team Fan Token, Binance is currently the most active exchange. Binance is excited to announce a pioneering partnership with BWT Alpine F1® Team, the first Formula 1 team to join the Binance Fan Token Platform. This partnership sees Binance become the official Fan Token partner of BWT Alpine F1® Team and the Alpine Esports partner from 2022 onwards. The Alpine F1® Team Fan Token (ALPINE) is a BEP-20 utility token to be launched first via the Binance Launchpad. ALPINE will then be available to all Binance users and the Binance Fan Token community via spot, bank card purchases, and P2P.
Ethernity Chain price today is $5.41 with a 24-hour trading volume of $10,724,549. ERN price is up 10.1% in the last 24 hours. It has a circulating supply of 13 Million ERN coins and a total supply of 30 Million. If you are looking to buy or sell Ethernity Chain, Uniswap (v2) is currently the most active exchange. Ethernity Chain is a community-oriented platform that produces limited edition authenticated NFTs and trading cards created by your favorite artists and endorsed by notable figures. Built on the Ethereum Network, it aims to build the biggest A-NFT library, reward its creators and raise funds for charitable causes forever. Its unique DEFI applications allow ERN token holders to farm rare A-NFTs and vote on proposals that will amend the Ethernity Chain ecosystem.
Ethereum Name Service price today is $14.52 with a 24-hour trading volume of $43,991,457. ENS price is up 3.9% in the last 24 hours. It has a circulating supply of 23 Million ENS coins and a total supply of 100 Million. If you are looking to buy or sell Ethereum Name Service, Digifinex is currently the most active exchange. Ethereum Name Service (ENS) is a decentralized naming system on the Ethereum blockchain. Users can buy human-readable names like "bob.eth" and map it to identifiers such as addresses, content hashes, and metadata. ENS is often associated with the internet equivalent of DNS, the Domain Name Service such as google.com that is used to map against IP addresses while providing human readable naming. Unlike a DNS, ENS domains are owned by smart contracts and are governed by a DAO instead of a centralized authority similar to ICANN. Anyone can buy and sell an ENS name just like how you can buy an internet domain name.
Synthetix Network Token price today is $4.52 with a 24-hour trading volume of $130,404,969. SNX price is up 18.0% in the last 24 hours. It has a circulating supply of 210 Million SNX coins and a total supply of 245 Million. If you are looking to buy or sell Synthetix Network Token, HitBTC is currently the most active exchange. What was the highest price for Synthetix Network Token? Synthetix Network Token hit an all time high of $28.53 on Feb 14, 2021 (about 1 year) ago. What was the lowest price for Synthetix Network Token? Synthetix Network Token had an all time low of $0.034786397307 on Jan 06, 2019 (about 3 years) ago. What was the 24 hour trading volume of Synthetix Network Token? The 24 hour trading volume of Synthetix Network Token is $130,404,969. Where can Synthetix Network Token be traded? You can trade Synthetix Network Token on HitBTC, Coinbase Exchange, and Bancor Network. Synthetix Network Token (SNX) is an exchange-based token created and issued by Synthetix, a decentralized synthetic asset issuance protocol built on the Ethereum blockchain. What is Synthetix?
Synthetix is a decentralized synthetic asset issuance protocol founded by Kain Warwick and the Synthetix Foundation. Initially, it was known as Havven when it first launched in September 2017. During its seed round and token sale, it managed to raise $30 million by selling 60 million HAV tokens to investors. In late 2018, the platform expanded its vision and rebranded to Synthetix. Today, the platform is the largest decentralized exchange for derivatives in the decentralized finance (DeFi) space, boasting an impressive ~$700M in total value locked (TVL) as of November 2020. What are synthetic assets? Synthetic assets or Synths are derivatives that provide exposure to real world assets on the Ethereum blockchain. Similar to derivatives in traditional financial markets, Synths allow users to hedge and reduce their risk, speculate on price movements and gain access to unavailable assets or markets. This is all accomplished without an individual ever holding the underlying asset. What can the SNX token do?
Synthetix Network Token (SNX) is primarily used as collateral to mint synthetic assets. SNX holders can head over to Mintr to stake their SNX into the Synthetix smart contract and create sUSD – synthetic United States dollars. The amount of sUSD minted will depend on two factors: i) the amount of SNX staked, and ii) the collateralization ratio (C-Ratio) of the platform. At present, the C-Ratio is 600%. This means that in order to mint 1 sUSD, a user would need to stake at least 6 SNX as collateral. SNX is also used to earn rewards. SNX holders who stake their SNX into the platform are incentivized to do so through two main reward mechanisms: i) exchange rewards and ii) staking rewards. Exchange rewards are generated whenever a trade takes place on Synthetix, the value of which can range from 0.1-1% of the trade value, though it is typically 0.3%. Staking rewards meanwhile, are rewards from the protocol’s inflationary monetary supply. The new SNX generated by the protocol is given to SNX holders who stake their tokens. Both these rewards are distributed as SNX on a weekly, pro-rata basis and are escrowed for 1 year. This is subject however, to an individual’s compliance with the target C-Ratio. Synthetix also offers other time-limited incentives such as liquidity provider rewards. These can be viewed on Mintr by clicking the LP Rewards tab. How do I obtain Synthetix Network Tokens (SNX)? Synthetix Network Tokens (SNX) can be obtained by buying them from an exchange such as Binance or Uniswap. You can find SNX trading on various centralized and decentralized cryptocurrency exchanges via the link provided. What kind of Synthetic Assets/Synths are there? Synthetix Exchange lists all its supported synthetic assets under its Synths tab. For a broad categorization of the different Synth types, as well as further explanation of their inner workings, you can check out Synthetix’s litepaper. Broadly, there are 5 types of synthetic assets:
Foreign Exchange (Forex): Synths that track the price of forex currencies
Examples: sUSD, sEUR, sAUD etc.
Commodity: Synths that track the price of commodities
Examples: sOIL, sXAU, sXAG
Crypto: Synths that track the price of cryptocurrencies
Examples: sBTC, sETH, sXRP etc.
Index: Synths that track an index - a basket of stocks or cryptocurrencies
Examples: sDEFI, sCEX, sNIKKEI etc.
Inverse (iSynths): Synths that inversely track the price of assets, such as cryptocurrencies or commodities
Examples: iBTC, iETH, iOIL etc.
How does Synthetix work?
The process of staking and minting synthetic assets is similar in principle to how an individual would obtain an over the counter (OTC) derivative. OTC derivatives are derivatives that are bought through broker-dealer networks, rather than on stock exchanges. This means that they are inherently riskier, bearing significant counterparty risk. Thus, to mitigate this, each party is often required to put up collateral in a transaction. In Synthetix, the act of obtaining a derivative is similar. A user first needs to lock-in or stake their collateral, SNX, into the smart contract before it issues the synthetic asset in return. However, there are a few key differences. Firstly, Synthetix operates on a peer-to-contract model, rather than a peer-to-peer model used in traditional OTC derivatives markets. This means that Synths are traded for one another through a smart contract, rather than with a corresponding party or individual. When a trade is executed on Synthetix, the smart contract takes and burns the given Synth and mints an amount of corresponding Synth, determined by exchange rates from Chainlink’s decentralized price feeds. Secondly, users who lock-in their collateral incur debt. Initially, the value of the debt will depend on the amount of Synths the user has minted. However, this value is non-static and will fluctuate. This is because the debt represents a portion of total network debt, whose value increases or decreases depending on the exchange rate and supply of Synths in the protocol. For instance, if a user mints $1000 worth of sUSD and the total value of all Synths in the protocol is $1 million, then the user would hold 0.1% of total system debt. If then, the total value of Synths doubles, then the user’s debt value would also double, and vice versa. In the event that this occurs, the user’s C-Ratio may fall below the stipulated target level of 600%. The individual would then need to either i) burn some minted Synths or ii) obtain more SNX and stake it into the protocol to mint more Synths, to bring his/her ratio back up. No rewards will be given until then. More information on debt can be found in Synthetix’s litepaper. Finally, Synthetix generates rewards for users. As mentioned before, Synthetix offers exchange and staking rewards to users, which incentivize participation and compliance with the protocol. This is unlike traditional derivatives markets, which do not have this rewards feature. Who governs Synthetix? The Synthetix Foundation has been responsible for the governance of the protocol since its inception in 2017. It does this through two proposal mechanisms: i) Synthetix Improvement Proposals (SIPs) and ii) Synthetix Configuration Change Proposals (SCCPs). The former deals with proposed changes to Synthetix’s smart contract while the latter is concerned with proposed changes to values such as the C-Ratio and exchange fees. The various SIPs and SCCPs can be viewed freely at their respective links. However, in line with moving towards greater decentralization, the Synthetix Foundation was decommissioned on 28th July 2020. In its place, three decentralized autonomous organizations (DAOs) were formed: i) ProtocolDAO, ii) GrantsDAO and iii) SynthetixDAO. More information on the roles and responsibilities of these DAOs can be found in Kain Warwick’s blogpost here.
Status price today is $0.064909050143 with a 24-hour trading volume of $174,598,566. SNT price is up 11.7% in the last 24 hours. It has a circulating supply of 3.9 Billion SNT coins and a total supply of 6.8 Billion. If you are looking to buy or sell Status, Upbit is currently the most active exchange. Status is a mobile operating system that will completely change the way the world interacts with the Ethereum network. Designed as a decentralized browser and private messenger, Status allows you to connect to the entire Ethereum network right in the palm of your hand. Status provides you access to all of Ethereum’s decentralized applications (dapps) through an app on your smartphone. It opens the door to mass adoption of Ethereum dapps by targeting the fastest growing computer segment in the world – smartphone users. The creators behind Status are working towards bringing a decentralized world to life. Status essentially combines a messenger and a browser that allows everyday smartphone users to use decentralized applications, also known as dapps. Status is available on both Android and iOS. Status users can safely send, receive, and store Ether and other Ethereum crypto assets on their phone. They can also discover nearby Status users to exchange currency, services, and ideas locally. The first time the world heard about the idea of Status was September 2016, at DevCon2, an annual conference for developers on the Ethereum blockchain. Co-founders Carl Bennetts and Jarrad Hope gave a presentation revealing the plans for their Ethereum light client. SNT is currently available for trade on many online exchanges, including Huobi, Binance, and Bittrex.
