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What is Synthetix?

Synthetix is a decentralized protocol for creating synthetic assets that operates on the Ethereum blockchain. These synthetic assets, referred to as Synths, are supported by the Synthetix Network Token (SNX), which enables their creation when locked in the smart contract. The system’s pooled collateral model allows users to trade Synths directly via the smart contract, removing the need for intermediaries. This forward-thinking strategy effectively tackles typical issues like liquidity and slippage that many decentralized exchanges encounter. At present, Synthetix offers synthetic versions of various fiat currencies, cryptocurrencies (both long and short), and a range of commodities. SNX holders are incentivized to stake their tokens as they receive a share of the transaction fees generated on Synthetix.Exchange, which reflects their investment in the network's ecosystem. This ability to participate in the network and earn revenue from Synth transactions enhances the inherent value of the SNX token. Importantly, traders are not required to own SNX to trade on Synthetix.Exchange, which increases accessibility for a wider range of participants. This inclusive model encourages more individuals to participate in trading activities without needing to make an initial investment in the SNX token. Consequently, Synthetix fosters a more diverse trading environment, ultimately benefiting the entire ecosystem.

What is Blockchain App Factory?

By tirelessly advancing our White label cryptocurrency exchange solutions, we have not only met but surpassed the expectations of our clients, solidifying our position as a frontrunner in the national market. We accommodate a wide range of cryptocurrencies along with fiat currencies, ensuring flexibility for our users. Our White label offerings are crafted to function seamlessly across diverse platforms, enabling effortless implementation of our services. In addition, we deliver robust customer support and technical assistance, ensuring our clients have a smooth journey as they explore the market. Our diverse array of services includes personalized crypto exchange software development, the creation of P2P exchanges, and assistance with marketing strategies across various platforms. We also prioritize a swift and effective launch process, which enhances the credibility of your platform among potential investors, setting you on the path to becoming a prominent player in this dynamic industry. Our dedication to quality and innovation not only fuels your success but also empowers you to navigate the complexities of the cryptocurrency landscape with confidence. This comprehensive approach ensures that you are well-equipped to thrive in this competitive arena.

Media

Media

Integrations Supported

1inch
1inch Wallet
Armor.Fi
BitMart
Blocknative
CoinLedger
Crypto APIs
Enzyme
Hedge3 Turnkey Wallet
Kriptomat
Ledger Nano X
PieDAO
Token Terminal
Tradesilvania
Ubeswap
YouHodler
vfat.tools

Integrations Supported

1inch
1inch Wallet
Armor.Fi
BitMart
Blocknative
CoinLedger
Crypto APIs
Enzyme
Hedge3 Turnkey Wallet
Kriptomat
Ledger Nano X
PieDAO
Token Terminal
Tradesilvania
Ubeswap
YouHodler
vfat.tools

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Synthetix

Date Founded

2017

Company Location

Australia

Company Website

synthetix.io

Company Facts

Organization Name

Blockchain App Factory

Company Location

India

Company Website

www.blockchainappfactory.com/white-label-cryptocurrency-exchange-software-development

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