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Description
Synthetix is a protocol for the issuance of decentralized synthetic assets operating on the Ethereum blockchain. These synthetic assets, known as Synths, are backed by the Synthetix Network Token (SNX), which, when locked within the contract, allows for the creation of these assets. The model of pooled collateral permits users to exchange Synths directly through the smart contract, eliminating the necessity for counterparties. This innovative approach addresses common problems such as liquidity and slippage that decentralized exchanges often face. Currently, Synthetix provides synthetic representations of fiat currencies, cryptocurrencies (both long and short), as well as various commodities. SNX holders are motivated to stake their tokens, as they earn a proportional share of the fees accrued from transactions on Synthetix.Exchange, reflecting their stake in the ecosystem. This right to engage with the network and earn fees from Synth transactions contributes to the intrinsic value of the SNX token. Notably, traders do not need to hold SNX in order to participate in trading on Synthetix.Exchange, enhancing accessibility for a broader audience. By doing so, Synthetix opens the door for more users to engage in trading without needing to invest in the underlying token initially.
Description
TOK is a digital token created by TOKOK, boasting a fixed total supply of 1 billion that will never be increased. It operates on the Ethereum network and adheres to the ERC20 token standard, functioning as a decentralized blockchain asset. Utilizing TOK for transaction fees results in a 50% reduction, providing users with cost-effective options. Additionally, the platform redistributes some tokens gained from collaborative projects as rewards to all TOK holders. By enhancing blockchain technology, we aspire to cultivate a TOK-centric ecosystem that continuously introduces new functionalities for the token. Holders of TOK can enjoy a range of exclusive benefits, which are proportional to the amount they hold. The token is also tradable with all other tokens available on TOKOK. Moreover, registered users have the opportunity to engage in various activities launched by the platform, which can earn them "TPS." This "TPS" can then be utilized in specific events organized by TOKOK, including lotteries and trading tokens or goods within the credit mall, thereby enhancing user engagement and experience. This comprehensive approach aims to create a vibrant community around the TOK token.
API Access
Has API
API Access
Has API
Integrations
CoinLedger
1inch
1inch Wallet
Armor.Fi
Blocknative
CoinGecko
CoinMarketCap
Crypto APIs
Enzyme
Ethereum
Integrations
CoinLedger
1inch
1inch Wallet
Armor.Fi
Blocknative
CoinGecko
CoinMarketCap
Crypto APIs
Enzyme
Ethereum
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Synthetix
Founded
2017
Country
Australia
Website
synthetix.io
Vendor Details
Company Name
TOKOK
Founded
2009
Website
www.tokok.com
