Yet another listing for users to get excited about: the Synthetix Network Token (SNX) is now available to trade on ATAIX. SNX is the native utility token of the Synthetix platform, which allows people to trade synthetic assets.
On Synthetix, users can trade for a variety of different commodities and assets through the Ethereum blockchain. The platform works by creating a bridge between a number of assets or commodities for users to choose from (from things like fiat money to gold to crypto, among several others) by assigning a “Synth” to each asset. Synths are ERC-20 tokens that represent each respective asset or commoddity. SNX is used as the main form of collateral on the platform.