What is SNX and how does it relate to the coinmarketcap?

3 answers

• Dec 24, 2021 · 3 years ago
  SNX, also known as Synthetix, is a decentralized protocol built on the Ethereum blockchain. It allows users to create and trade synthetic assets, which are digital representations of real-world assets like stocks, commodities, and currencies. The value of SNX is derived from the collateral locked in the protocol, which enables the creation of these synthetic assets. As for its relation to the coinmarketcap, SNX is listed on various cryptocurrency exchanges, including the coinmarketcap, where its price and trading volume can be tracked.
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• Dec 24, 2021 · 3 years ago
  SNX is an ERC-20 token that powers the Synthetix network. It is used as collateral to issue and back synthetic assets on the platform. The coinmarketcap is a popular website that provides information on the prices, market capitalization, and trading volume of various cryptocurrencies, including SNX. So, SNX's relation to the coinmarketcap is that its price and other market data can be found on the coinmarketcap website.
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• Dec 24, 2021 · 3 years ago
  SNX, also known as Synthetix, is a decentralized synthetic asset issuance and trading platform. It allows users to create and trade synthetic assets with the help of smart contracts. SNX is listed on the coinmarketcap, which is a widely used platform to track the prices and market data of cryptocurrencies. So, if you want to find information about SNX's price and trading volume, you can check the coinmarketcap website.
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