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Binance.US Will List Synthetix Network Token (SNX) | Deposit Now
Binance.US will list SNX.
- Deposits are now open for SNX in preparation for trading.
- Withdrawals will be enabled once trading is live.
- Buy Synthetix Network Token (SNX) with Bank Transfer (ACH), Debit Card, or Wire Transfer starting March 8, 2022 at 5 p.m. PST / 8 p.m. EST. Trading will also be available on the SNX/USD and SNX/USDT pairs at the specified time above.
What is Synthetix Network Token (SNX)?
SNX is a utility token that serves as the native token of Synthetix, formerly named Havven. Synthetix is an Ethereum-based protocol that allows users to issue synthetic assets, or Synths, which can be traded on supported decentralized exchanges. Synths are essentially tokenized versions of traditional assets and derivatives, including fiat currencies, indexes, inverses, gold, other cryptocurrencies, and more.
SNX is used as collateral when minting Synths, which are created as ERC-20 smart contracts. Token holders can also choose to stake SNX to earn a portion of trading fees and interest, in effect, through inflationary monetary policy. Finally, SNX serves as a governance token, as users stake the token to vote on governance proposals and nominate candidates for one of three decentralized autonomous organizations (DAOs) that help govern Synthetix.
Visit our blog to learn All About Synthetix Network Token (SNX).
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Binance.US reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
Risk warning: Buying, selling, and holding cryptocurrencies are activities that are subject to high market risk. The volatile and unpredictable nature of the price of cryptocurrencies may result in a significant loss. Binance.US is not responsible for any loss that you may incur from price fluctuations when you buy, sell, or hold cryptocurrencies. Please refer to our Terms of Use for more information.
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