Synthetix Network Token current price is $9.010.

Synthetix Network Token current price is $9.010.


Synthetix Network Token current price is $9.010 with a marketcap of $1.72 B. Its price is 2.30% up in last 24 hours.


Buy / Sell Havven
  • havven
    Synthetix Network Token (SNX)
  • Live Price
    $9.010
  • 24h %
    2.30%
  • Market Cap
    $1.72 B
  • Volume
    $70.09 M
  • Available Supply
    191.26 M SNX
  • Rank
    95

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More Info About Havven

Synthetix is based in Australia, Synthetix launched a seed funding round in September, 2017 to develop the concept of a self-contained stablecoin payment network. They then kicked off their public ICO on February 28, 2018 and by the end of the ICO on March 7, 2018, they had met their goal of $30,000,000 USD. Synthetix was rebranded from Havven on November 30, 2018.Synthetix is led by a multidisciplinary team of 13 individuals. The project was founded by Kain Warwick, who previously co-founded blueshyft, one of the largest digital payment networks in Australia. The CTO is Justin Moses, who also serves as the Director of Engineering at MongoDB. Synthetix aims to address the problem that companies running centralized payment networks such as PayPal, credit card networks, or the SWIFT banking network have “absolute control over the value within the network, so any transaction conducted within them may be blocked or reversed at any time.” According to the Synthetix white paper, “Although this is ostensibly designed to protect users, it introduces systemic risk for all participants. If the network is compromised or its owners cease to behave benevolently, no party can trust that the value in their account is secure or accessible.”This is theorized to work because anyone who holds SNX tokens in escrow will be incentivized by Synthetix rewards derived from network transaction fees that will be distributed “in proportion with how well each issuer maintains the correct Synths supply.” When a Synthetix escrow user puts their SNX in escrow, USD-stabilized Synths will be automatically put up for sale on a decentralized exchange at a price of $1 USD. To release escrowed SNX, the user must buy back the Synths issued (also at a price of $1 USD) at which point the Synths will be burned. The Synthetix system uses an algorithm to adjust network fees, and therefore dividends, to SNX holders to incentivize (or disincentivize) the holding of SNX in escrow smart contracts, and thus, the creation of Synths. The theory is that this will cause users to mint and burn Synths in the appropriate amount based solely on supply and demand.

Historical Data of SNX

Date Price Volume MarketCap

A Step-by-Step-Guide on how to buy Havven (SNX)

Step 1 – Signup to Coinbase and receive 10$ in Bitcoin

You will first need to purchase units of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and receive BTC (Bitcoin) or ETH (Ethereum).

Binance Signup
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Havven (SNX) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide)

Make sure you have chosen the exact coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Locate (SNX) Havven

As soon as your deposit has been affirmed, you'll now have access to your finances and you can launch invest and trading. To purchase Havven (SNX) on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”.

To spot Havven (SNX), you'll need to put the shortname of the coin (SNX) into the search box, which is highlighted in the graphic. Be certain of having selected the proper grouping, we've highlighted this too. Click on “SNX/BTC” to go ahead.

Binance How To Buy 1 [cmc-coin-name type=
Step 4 – Buy (SNX) Havven

Once you've spotted Havven (SNX), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we're making our Limit Order.

The “Price” field will be filled automatically with the latest tariff (SNX) Havven was sold for. This can be changed to your desired price. The “Amount” field is the volumen of SNX you want to buy. The “Total” field is the aggregated price in BTC that you'll settle for the complete volumen of SNX.

When you are happy, click on “Buy SNX“. Your order will be filled as soon as a Vendor trades their SNX for the price you gave.

Step 5 – Withdraw Havven (SNX)

Unless you're regularly trading, never keep your crypto coins on an Crypto Trader for an extensive time period. To withdraw your (SNX) Havven, go to the tab called “Funds” and mouse click on “Withdraw”. Havven (SNX) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (SNX) Havven by using the provided drop-down box. Enter the amount of (SNX) Havven you would wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address.

When you are glad, click on “Submit”. You could be requested for phone/email verification before a withdrawal.

Congrats! You've successfully purchased and stored Havven (SNX).

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (depending on network usage). Once you've confirmed your take off using Ethplorer.io or Etherscan.io and the (SNX) Havven is stored within your wallet, you're finished.