Buy Synthetify (SNY)
What is Synthetify?
Synthetify is a decentralised synthetic asset issuance and trading platform built on the Solana blockchain. It serves as a bridge between cryptocurrencies, stocks, fiat currencies, and other financial instruments directly from one decentralised exchange.
How does Synthetify work?
Synthetify operates as a decentralised protocol that allows the creation, exchange, and burning of synthetic assets. This is facilitated via prices provided by a decentralised system of oracles. The platform is powered by the Solana blockchain, which uses a Proof of Stake (PoS) consensus mechanism, and incorporates smart contracts to ensure a non-custodial and decentralised trading experience.
What are the potential use cases for Synthetify?
The potential use cases for Synthetify include:
- Creating synthetic assets that mirror real-world assets like stocks, fiat currencies, commodities, and cryptocurrencies.
- Decentralised trading of these synthetic assets with minimal fees and instant transactions.
- Providing arbitrage opportunities due to price differences between synthetic and real assets.
- Offering leverage trading up to 1.95x for long and short positions of synthetic assets.
What is the history of Synthetify?
Synthetify was launched in 2020 by a team of blockchain developers led by CEO Norbert Bodziony in Poland. It was developed to manage synthetic assets on the Solana blockchain, marking its launch as one of significant milestones. Since its inception, Synthetify has integrated with leading DeFi applications like Serum and Raydium, establishing itself as a prominent decentralised synthetic asset platform.
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Frequently Asked Questions (FAQs)
What is the current price of Synthetify (SNY)?
The Synthetify price is $0 AUD, representing a 0% from the day prior.
Where is the best place to buy Synthetify (SNY) in Australia?
The best place to buy Synthetify (SNY) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Synthetify (SNY) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Synthetify (SNY)?
The trading volume of Synthetify (SNY) is $0 AUD in the last 24hrs, representing a 0% from the day prior.
How can I buy Synthetify (SNY)?
Synthetify (SNY) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Synthetify (SNY)?
The current market cap of Synthetify (SNY) is $0 AUD.
Can I convert Synthetify (SNY) to cash?
Yes - With Coinstash you can convert your Synthetify (SNY) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Synthetify (SNY) are there?
The current circulating supply of Synthetify (SNY) is 0.
Is Coinstash a safe place to buy Synthetify (SNY) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Synthetify (SNY) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.