Name of Project: Synthetix
Synthetix is a derivatives liquidity protocol launched on Ethereum in 2018 to enable the issuance and trading of synthetic assets. Each synthetic asset (or Synth) is an ERC20 token which tracks the price of an external asset — for example, each sUSD token tracks the price of the US dollar. A wide variety of Synths exists within Synthetix, including fiat currencies, cryptocurrencies, commodities, and inverse indexes and In principle the system can provide on-chain exposure to an unlimited range of real-world assets. Synths are collateralized by the Synthetix Network Token (SNX) which gets staked in a smart contract and entitles stakers to receive fees generated by Synth trading volume.
Total supply: 194,006,803 SNX
Total circulation: 109,861,002 SNX (7/21/2020)
Official website: https://www.synthetix.io/
This document is compiled from the official whitepaper and relevant documents provided by the project team to provide investors an overview of the cryptocurrency. The information contained in this document is collected legally. We make every effort to provide reliable, complete and accurate information. However, we do not guarantee the accuracy and completeness of the information. The information shall not be regarded as advice, legal proof or evidence, whether explicit or implied.
A step-by-step guide to purchasing and selling crypto on OKX,
Step 1: Log in to your OKX account
Before you can start buying or selling cryptocurrency on OKX, you must first log in to your OKX account. If you do not yet have an account, click Sign up and complete the registration process.
Step 2: Select Buy/Sell
Once you have logged in to your OKX account, click Buy Crypto in the upper left-hand corner of the screen to get started.
Step 3: Select your purchasing method
The next step is to choose how you would like to buy or sell . There are two primary options on OKX: Express and P2P trade.
Finally, simply confirm your transaction details.