The term “synthetic asset” refers to a mix of assets that have the same value as another asset. Traditionally, synthetics combine various derivative products — options, futures or swaps — that simulate an underlying asset — stocks, bonds, commodities, indexes, currencies or interest rates.
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Aside from that, where can I buy synthetix coin?
The easiest place to buy SNX is on Uniswap. It's decentralized, and there's no requirement to create an account or input personal information.
Other than that, how do I stake synthetix network tokens? Staking SNX
In addition, how can I buy SNX?
To purchase Synthetix Network Token (SNX) on the majority of the cryptocurrency exchanges, you will already need to have Bitcoin (BTC) or Ethereum (ETH) to trade with. The good news is that you can easily purchase either cryptocurrency at Coinbase using your Credit Card or even Bank Account.
What is SNX coin?
SNX is a cryptocurrency that powers the Synthetix protocol. Synthetix protocol enables trading synthetic assets on Ethereum. Synths are tokens that provide exposure to assets such as gold, Bitcoin, U.S. Dollars, TESLA, and AAPL within the Ethereum blockchain.