Overview
Turing Exchange has officially announced the listing of Synthetix Network Token (SNX), with trading for the SNX/USDT pair commencing on February 4 at 16:00 (UTC). Deposit services will open simultaneously, while withdrawals will be activated progressively.
Key Details
- Listing Date: February 4, 16:00 UTC
- Trading Pair: SNX/USDT
Deposit/Withdrawal Schedule:
- Deposits: Open at 16:00 UTC
- Withdrawals: Phased rollout
About Synthetix (SNX)
Synthetix, formerly known as Havven, is a decentralized platform designed for engineers to build trustless networks. The SNX token powers a ecosystem of synthetic assets, including:
- Fiat Currencies: Pegged to the USD
- Commodities: Precious metals like gold and silver
- Indices: Crypto and traditional market benchmarks
- Cryptocurrencies: Synthetic versions of major digital assets
👉 Explore decentralized finance (DeFi) opportunities
Why This Listing Matters
- Expanded Market Access: SNX gains liquidity through a major exchange.
- DeFi Integration: Traders can now engage with Synthetix’s synthetic asset ecosystem.
- Growth Potential: SNX’s utility in collateralizing synthetic assets drives demand.
FAQ
When can I start trading SNX on Turing Exchange?
Trading begins February 4 at 16:00 UTC for the SNX/USDT pair.
Are deposits available before trading starts?
Yes, deposits open at the same time as trading (16:00 UTC).
What makes SNX unique?
SNX enables the creation of synthetic assets (e.g., commodities, currencies) on-chain without intermediaries.
How does Synthetix ensure asset stability?
Through overcollateralization and a dynamic fee system adjusting for market volatility.
👉 Learn more about synthetic assets
Final Notes
Turing Exchange’s SNX listing marks a significant step for decentralized finance accessibility. Traders can now participate in Synthetix’s innovative synthetic asset economy with enhanced liquidity.
Disclaimer: This content is for informational purposes only and does not constitute financial advice.
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