Synthetix Network Token (SNX) is a DeFi project. It is aimed to adapt traditional financial systems to today's technology and not to be managed from a center. The most important instruments of the traditional finance world consist of stocks, national currencies, precious metals and precious metals. When you want to trade with these instruments, you can somehow do it through an institution connected to the central structure.
I hold a substantial amount in my wallet. I am not worried at all about the SNX coin. In the Synthetix Network Token (SNX) system, I also left some SNX balance as collateral. I won a prize on the amount I left this deposit.
Synthetix Network Token (SNX), running on the Ethereum platform, reached a market value of $ 157 million according to CoinMarketCap data.