Binance.US Lists Synthetix Network Token (SNX) | Buy & Trade Now March 09, 2022 01:02 Updated Binance.US lists SNX. Buy Synthetix Network Token (SNX) with Bank Transfer (ACH), Debit Card, or Wire Transfer. Trading is available on the SNX/USD and SNX/USDT pairs. Deposits and withdrawals are open for SNX. 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). Download the Binance.US app to trade on the go: iOS | Android Follow us on social media to stay up to date with Binance.US news and announcements: Telegram Twitter Facebook Instagram LinkedIn Reddit Youtube 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. Related articles Binance.US Will Support the Elrond (EGLD) Network Upgrade Binance.US Twitter X Telegram Community Giveaway: Win $2,100 in Bitcoin API Documentation Portal: New Endpoints & Other Improvements Binance.US Will Support the Upcoming Filecoin (FIL) Network Upgrade Binance.US Lists Audius (AUDIO) | Buy & Trade Now