Listing Synthetix Token (SNX) on VNDC Wallet

VNDC officially added Synthetix Token (SNX) on VNDC Wallet on August 18. After SNX is listed, users can perform the following functions:

Off-chain transactions: Send, receive SNX with other users on the same system.
Exchange: Convert from VNDC to SNX and vice versa.

About Synthetix

Synthetix is a protocol that enables the issuance of synthetic assets on the Ethereum blockchain. Synthetix supports synthetic commodities like gold and silver, synthetic cryptocurrencies, synthetic inverse cryptocurrencies, synthetic cryptocurrency indexes, and synthetic fiat currencies. The platform brings non-blockchain-based asset exposure to the crypto ecosystem, thus creating a more mature financial market.

Synthetix use decentralized oracles, which are smart contract-based price discovery protocols, to track the prices of the assets represented, allowing you to hold and exchange Synthetix as if you actually own the underlying assets..

Website: https://www.synthetix.io/

What is SNX token?

SNX is a native token of Synthetix platform, used as collateral to make it easier for users to buy/own other synthetic assets available on Synthetix .

In condition, SNX also can be used for:

Staking: Users can participate in staking assets and receive rewards paid in SNX.
Sharing transaction fees generated on some operations of the Synthetix platform.
Locking up as collateral to issue synthetic assets to the market.
Pay transaction fees on DEX Synthetix.

Specifications:

Name: Synthetix Token
Symbol: SNX
Platform: Ethereum
Standard: ERC20
Smart Contract Address: 0xc011a73ee8576fb46f5e1c5751ca3b9fe0af2a6f
Type: Utility Token

SNX is now on some of the largest cryptocurrency exchanges like Binance, Tokocrypto, OKEx, FTX, or Huobi Global. At the time of writing, SNX is ranked #73 on CoinMarketCap: