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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
WABI effectively addresses various real-world challenges faced by both brands and users. Currently, there is a system where brands and platforms gather user data while failing to provide any returns to these users. However, within the WABI framework, users are incentivized for their engagement. Simultaneously, brands gain access to enhanced marketing insights and powerful data analytics that drive their expansion. The interaction between earning and spending keeps WABI from being actively circulated. The existing value exchange between brands and consumers is flawed, characterized by a lack of trust, fairness, and poor data integration. WABI rectifies this issue by serving as an equitable and effective mechanism for value transfer between brands and consumers. Furthermore, WABI taps into one of the largest and most active sectors globally, impacting billions of transactions daily. Our innovative business model has enabled the incorporation of two distinct blockchains within the WABI ecosystem, each tailored for specific functions, enhancing overall performance and user experience. This dual blockchain approach signifies our commitment to creating a robust and adaptable platform that meets the needs of all stakeholders involved.
API Access
Has API
API Access
Has API
Integrations
1inch Wallet
Armor.Fi
Binance
Blocknative
CEX.IO
CoinLedger
Crypto APIs
Enzyme
Kriptomat
Ledger Nano X
Integrations
1inch Wallet
Armor.Fi
Binance
Blocknative
CEX.IO
CoinLedger
Crypto APIs
Enzyme
Kriptomat
Ledger Nano X
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
WABI
Country
Singapore
Website
wabi.io