Review on Synthetix Network Token by Amos joseph
Synthetix
Synthetix Network Token SNX
This is an on chain generating platform that enable chain users to create new or manage valuable decentralized asset on blockchain network.
generally synthetix platform allows management of synthetic asset by tracking an managing the value of those asset in real world. it support and backed fiat currency such as sUSD sAUD and more these synthetic fiat currency can be created on chain and managed using blockchain network.
This is a very good improvement and an advance management tool on blockchain for managing synthetic fait currency the platform token SNX can be hold by users and in turn get rewarded for holding and staking the token on the platform the platform has gain much reputation and recognition it is listed and traded on multiple exchange platform with available pairs for trading the SNX token.
Pros
- Synthetic digital asset can be created and managed using synthetix network which reward users holding and staking on the platform
- Support fast transaction system backed by multiple exchange platform for trading
- Has good trading volume with considerable market capitalization SNX price is good.
- Has an active social platform for engaging users
Cons
- User are always advise to study platform more closely.
