1. Project Description
Project Name: Synthetix
Token Name: SNX
2. Project Introduction
Synthetix is a protocol for issuing and trading synthetic assets on Ethereum. Each synthetic asset (or Synth) is an ERC20 token that tracks the price of an external asset; eg each sUSD token tracks the price of the US dollar (and unlike other synthetic assets, it is set at 1). A wide variety of Synths are on the Synthetix, including fiat currencies, cryptocurrencies, commodities and inverted indices. In principle, the system can support any asset at a clear price, and provide on-chain exposure to an unlimited variety of real-world assets.
3. Token overview
Total Supply: 210,952,392 SNX
4. Support links
Official Website: https://docs.synthetix.io/tokens/