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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 CryptoBiz Exchange?

CryptoBiz Exchange stands as an innovative trading platform specifically tailored for the exchange of virtual assets, accommodating both fiat and a range of digital currencies. It has been crafted by professionals with extensive knowledge in cryptocurrency trading, aiming to deliver an institutional-level experience that caters to both experienced traders and those new to the crypto ecosystem. The financial headquarters of the company is situated in Maakri tn 25, 10145, Tallinn, in Harju maakond, Estonia. Furthermore, this document introduces CBZ, a utility token linked to CryptoBiz, emphasizing its importance within the overall ecosystem. The launch of CBZ tokens is designed to engage the community, enabling members to partake in the evolution of CryptoBiz while also being rewarded for their involvement. Our mission is to ensure that early adopters and investors gain from the benefits generated by the growth and success of CryptoBiz. By nurturing a vibrant community, we aim to not only drive the platform's expansion but also significantly enrich the user experience for all participants. Ultimately, we are committed to creating a thriving environment that cultivates innovation and collaboration among our users.

Media

Media

Integrations Supported

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

Integrations Supported

1inch
1inch Wallet
Armor.Fi
Blocknative
CoinLedger
Crypto APIs
Enzyme
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

CryptoBiz

Date Founded

2019

Company Location

India

Company Website

cryptobiz.exchange/

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