WISEBITCOIN will list SNX/USDT aggregate trading pairs on 29th June 9:00 UTC.
SNX/USDT is an aggregated trading pair, the deposits & withdrawals will not be supported.
Should there be further progress on supporting the SNX wallet, WISEBITCOIN will notify its community via an announcement.
About SNX (Synthetix)
Synthetix is a new typed decentralized exchange. There are three key differences relative to most other DEXes:
1. Traders trade against pooled community collateral and not any specific counterparty
2.Traders buy and sell synthetic assets, marked to market by offchain oracles
3.Traders have native access to derivatives and investable baskets.
The SNX token acts as a foundation and backbone for this model. Before traders can participate, SNX investors stake their tokens to mint liquidity for the network. When traders execute a transaction, they pay a fee to trade against the stakers. A trader's profit adds to the global debt pool and a trader's loss subtracts from it.
Blockchain Browser: https://etherscan.io/token/0xc011a73ee8576fb46f5e1c5751ca3b9fe0af2a6f
White Paper： https://www.synthetix.io/litepaper
What is Aggregate Trading Pair?
When a user buys and/or sells currencies on Wisebitcoin, our Aggregate trading system will automatically place the same buy and/or sell order on other exchanges. Therefore, our user is assured that the assets purchased through this process are all real assets in full reserves. Aggregate trading is commonly used in the trading industry. The purpose of Wisebitcoin aggregate trading is mainly to provide our users with access to new and popular assets.
WISEBITCOIN aggregate trading system uses a local and an external order matching mechanism with transaction speed and user experience that are similar to that of placing an order on other trading pairs on Wisebitcoin. WISEBITCOIN will evaluate the holding amount of these aggregate trading tokens later and consider to dock with the project wallets for these projects with a large holding amount, to meet the deposit and withdrawal requirements of users.
Digital Asset Trading can be a challenging and potentially profitable opportunity for investors. Users are strongly encouraged to carefully consider their investment objectives, level of experience, and risk appetite.
29 June 2021