#SNX Coin
SNX is the native token of the Synthetix protocol. This protocol enables the creation and trading of synthetic assets, or "synths," which mirror the prices of real-world assets like stocks, commodities, and currencies.
Key Points:
* Collateral: SNX tokens are used as collateral to mint synths.
* Staking: Users can stake their SNX tokens to earn rewards and participate in governance.
* Synthetic Assets: Synths offer exposure to a variety of assets without the need to hold the underlying asset.
* Decentralized Finance (DeFi): SNX is a cornerstone of the DeFi ecosystem, providing a platform for decentralized trading and financial products.
