Synthetix
Name
Synthetix
Summary
Synthetix is a decentralized finance (DeFi) technology that allows users to trade crypto and non-crypto assets on the blockchain.
-It was founded by Kain Warwick
-Proof-of-stake (PoS) consensus is used to secure the Synthetix network.
Rating
Symbol
SNX
Overview
Synthetix is a decentralized synthetic asset platform that allows users to trade real-world currencies, commodities, equities, and indices directly on the blockchain. Synthetic assets (Synths) are backed by Synthetix Network Tokens (SNX), which are collateralized under a smart contract. Synths keep track of the prices of various assets, allowing crypto-native and unbanked users to trade P2C (peer-to-contract) on the Synthetix Exchange without having to worry about liquidity.
Historical Price Movement (in INR)
Technology
Synth is an ERC-20 token that is linked to the price of an external asset. Since, it's an ERC-20 token, the programming language used is Solidity.
It is secured by the Proof-Of-Stake consensus protocol.
Pre-SAle
0.87%
Private Sale
19.2%
Public Sale
3.05%
Team
18.49%
Advisors
0.77%
Foundation
4.62%
Partnership Incentive
1.93%
Bounties/Airdrops
1.16%
Staking
49.92%
Volume (As of 3rd April, 2022)
$195,863,245
Total Supply
215258834
Circulating supply
114,841,533.01 SNX
Crowd Sales
Synthetix has raised $46.1 million in five rounds of investment.
Funding
15/12/2020: Venture Round- $12M,
29/10/2019: Venture Round- $3.8M,
1/03/2018: Initial Coin Offering:$30M,
29/09/2017:Seed Round- $250K ,
1/09/2017: Pre Seed Round - NA
Country
Australia
Name of Organization
Synthetix
Year Incorporated
2017
Registered Address
23 Hickson Road Sydney, NSW 2000, AU
Dispute Resolution and Governing Law
Australia
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Kain Warwick | Founder | UNSW: BSc, Genetics | 21 Yrs |
Whitepaper 
