With Bitpanda, you can buy Synthetix Network crypto token (SNX) easily, quickly and securely and hold it on your SNX wallet.
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Confirm your identity with one of our trusted verification partners, and deposit funds.
You’re all set! Start buying Bitcoin and over 50 more digital assets.
Synthetix is a derivatives liquidity protocol. Their goal is to act as the backbone for decentralised derivatives trading by allowing users to gain exposure to synthetic assets running on Ethereum. The native asset SNX (Synthetix Network Token) is used to collateralise Synths, which are tokens that provide access to assets such as gold, Bitcoin, US dollars, TESLA and APPL.
The Synthetix Network was founded by Kain Warwick in 2017
Synthetix is one of the biggest projects in DeFi with a circulating supply of 120 million SNX
SNX holders are paid a portion of the fees generated through activity on Synthetix.Exchange, based on their contribution to the network
The Synthetix Network is a protocol built on the Ethereum blockchain
From March 2019 to August 2023, the total SNX supply will increase from 100,000,000 to 260,263,816
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