Synthetix (SNX)

Synthetix Network Token (SNX) is a digital token that allows users to trade a host of financial securities like stocks, bonds, currencies, crypto, and other assets in a single unit of exchange known as ERC20 tokens.

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What is Synthetix

Synthetix Network Token (SNX) is a digital token that allows users to trade a host of financial securities like stocks, bonds, currencies, crypto, and other assets in a single unit of exchange known as ERC20 tokens.

However, buying up Synths doesn’t hold as much value as holding real assets. While users can get a Synthetix TUSD token for the same market value of a “real” TUSD token it however doesn’t give equal voting power to its holders as real token holders get more power in this scenario.