The Synthetix network is a unique platform within the DeFi space. The ecosystem allows users to create synthetic assets that mimic the value of underlying real-world assets such as currencies, commodities, and cryptocurrencies, which can then be traded through the Synthetix ecosystem or other DeFi pools that supports synthetic fiat currencies and other assets.
When creating synths, the tokens representing the underlying assets, users will need to deposit the platform's native cryptocurrency, Synthetic Network Token (SNX) into a smart contract. New synths are minted based on the user's chosen synthetic asset and can be traded on the Synthetix exchange which uses peer-to-contract trading. The platform also provides staking solutions for SNX tokens.
The Synthetix network was launched in 2017 as Havven (HVN) before undergoing a rebranding and a successful ICO a year later. The platform is within the top 20 DeFi platforms currently in the space.
Trade Bitcoin, Ethereum and a wide range of cryptocurrencies with confidence knowing that your coins are safe in an exchange where they've been backed by top-notch security features like 2FA authentication and bank-level encryption.
Deposit funds safely and for free directly to your unique Tap account by bank transfer. You can then use these funds to buy Synthetix Network Token or any other coin or token with a click on the Tap mobile app.
You can purchase Synthetix tokens directly with your debit card on the Tap mobile app in one smooth process. Deposit funds absolutely free of charge, then purchase your Synthetix Network Token for the best price currently available on the market.
Tap offers the ability to deposit multiple cryptocurrencies which you can then trade for the Synthetix Network Token at some of the market's greatest rates, making it ideal for traders who want to be on the same page.
Be at ease onboarding cryptocurrencies knowing you’re using a fully regulated provider. Tap offers cutting-edge technology, token features, and top security processes enabling biometric login and backend encryption and excellent customer support. You can rest assured that your funds, private data, cryptocurrency wallets, and account are secure at all times.
Tap mobile app is the solution to all your cryptocurrency problems, from where can you buy SNX tokens to how to store the Synthetix Network Token. Become a savvy investor with Tap today.
Get the best price for your crypto
Trading with Tap automatically gives you access to the platform’s smart engine which finds you the best available price on the market in real-time. By scanning top exchanges and order books, the technology is able to sift through tons of data in order to pair you with the best market price.
Start investing in the Synthetix network today and get started with as little as $10/€10. Purchasing the SNX token has never been this easy making it an ideal tool for everyone from beginner to seasoned cryptocurrency investor. Trade on the go, invest and earn, build your wealth and join our ever-growing community of users in building a better financial future with Tap.
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Frequently Asked Questions
The Synthetix (SNX) token is an ERC-20 token that fuels the Synthetix platform. Users are required to deposit SNX in smart contracts in order to mint synths and can stake the token to earn rewards. Synths (synthetic assets) provide users access to underlying assets representing non crypto assets. These can be exchanged through a decentralized exchange on both the Synthetix exchange and other DeFi liquidity pools.
With Tap, you can easily check the SNX price or even purchase it directly from your app. All you have to do is open the app, select Synthetix in the list of supported coins and review all related information, including the price of Synthetix.
SNX is an ERC-20 token, making it compatible with any Ethereum wallet that supports such tokens. Before transferring your coins to a hardware or software wallet, ensure that the appropriate wallet can handle ERC-20 tokens. Alternatively, you can store your SNX tokens in the Tap wallet with complete security. When opening an account, a Synthetix wallet is provided for free and enables long-term storage of your tokens.
Tap Global revolutionizes digital asset engagement, offering unparalleled security and accessibility. Our user-friendly platform enables you to purchase, sell, spend and store cryptocurrencies with only a few clicks. After verifying your account, you can start trading immediately with no need to worry about safety, Tap is fully regulated by the Gibraltar Financial Services Commission offering an additional layer of trust.