Dear Users:
Hotcoin will open the deposit service of SNX which is belonging to DeFi project at 15:00 on August,31th , 2020(UTC+8),tradings of SNX/USDT currency pairs will be opened at 15:00 on September,1st , and withdrawal service will be opened at 15:00 on September,2nd .
Project Introduction:
Synthetix is a new type of decentralized Exchange. There are three main differences between DEX and most other DEXs: 1. Traders are trading against thepooled community collateral rather than against any particular counterparties. 2. Traders buy-in or sell-out synthetic assets, which are recorded in the market by Oracles under the chain. 3. The trader can obtain the derivative and the investable basket SNX token as the base and backbone of the model. Before traders can join in as the participants, SNX investors puting their tokens into the network to create liquidity. When traders execute transactions, they pay out fees to trade with stakeholders. Traders'profits is adding to the global debt pool and traders'losses are subtracted from it.
SNX Official Website:https://www.synthetix.io/
White Paper Link:https://www.synthetix.io/uploads/havven_whitepaper.pdf
Hotcoin is offering a security and freely crypto assets trading service for global users with high efficiency. Hotcoin had been established several operation service centers in different regions of the world, we will always striving to establised a world's premier Blockchain Asset Trading Platform.
** Risk Warning**:
The blockchain digital assets trading is mainly affected by relevant policies of different countries and various market factors, and there are potential risks, we’re strongly suggest you to be cautious in trading according to your endurance capability. Hotcoin merely offering a freely trading platform for global users, we assumes no liable to the auditing, guarantee, compensation for the value of digital assets and tokens, please do not perform the transactions if you can’t accept it. Thank you !
Thanks for your supporting to Hotcoin, we’re looking forward to your valuable suggestions.
Hotcoin
2020.08.30