Table of Contents
- SynthCrypto DOT - Symbol : hDOT
- This token is a SynthCrypto DOT, it derives its pricing from a composite global pricing of Polkadot in USD in real time with all transactions occurring on-chain on Pecu Novus. They sit in a liquidity pool and are used for speculative purposes, hedging and risk management.
- What is a SynthCrypto
- A SynthCrypto, also known as a Synthetic Cryptocurrency, is a digital asset that tracks the price of another asset, such as a digital assets and real-world assets. Synths are created and traded on decentralized exchanges (DEXes) such as HootDex.
- SynthCryptos can be used for a variety of purposes, such as trading, hedging, and lending. For example, a trader could use a SynthCrypto to trade on the price of a cryptocurrency without having to actually own the cryptocurrency. Or, an investor could use a SynthCrypto to hedge against the price of a real world asset. Learn more here.
- Here are some of the benefits of using SynthCryptos
- Access to a wider range of assets: SynthCryptos allow users to trade and invest in a wider range of assets than would be possible with traditional cryptocurrencies. For example, users can trade on the price of real-world assets without having to actually own those assets.
- Transparency: SynthCryptos are typically backed by collateral that is deposited into a smart contract. This makes SynthCryptos more transparent than some other types of digital assets.
- Flexibility: SynthCryptos can be used for a variety of purposes, such as trading, hedging, and lending. This makes SynthCryptos a versatile asset class.
- VIEW ALL TOKENS
- LATEST CRYPTO & FINANCIAL NEWS
#
SynthCrypto DOT – Symbol : hDOT #
This token is a SynthCrypto DOT, it derives its pricing from a composite global pricing of Polkadot in USD in real time with all transactions occurring on-chain on Pecu Novus. They sit in a liquidity pool and are used for speculative purposes, hedging and risk management. #
What is a SynthCrypto #
A SynthCrypto, also known as a Synthetic Cryptocurrency, is a digital asset that tracks the price of another asset, such as a digital assets and real-world assets. Synths are created and traded on decentralized exchanges (DEXes) such as HootDex. #
SynthCryptos can be used for a variety of purposes, such as trading, hedging, and lending. For example, a trader could use a SynthCrypto to trade on the price of a cryptocurrency without having to actually own the cryptocurrency. Or, an investor could use a SynthCrypto to hedge against the price of a real world asset. Learn more here. #
Here are some of the benefits of using SynthCryptos #
-
Access to a wider range of assets: SynthCryptos allow users to trade and invest in a wider range of assets than would be possible with traditional cryptocurrencies. For example, users can trade on the price of real-world assets without having to actually own those assets. #
-
Transparency: SynthCryptos are typically backed by collateral that is deposited into a smart contract. This makes SynthCryptos more transparent than some other types of digital assets. #
-
Flexibility: SynthCryptos can be used for a variety of purposes, such as trading, hedging, and lending. This makes SynthCryptos a versatile asset class. #
VIEW ALL TOKENS #
LATEST CRYPTO & FINANCIAL NEWS #
- Bank of England probes data-mining lending strategies fueling AI bets
- Rumble partners with Tether to add Bitcoin tips for content creators
- Bitcoin miners build on gains after Jane Street discloses stakes
- Trump to nominate SEC's 'pro-crypto' Michael Selig as CFTC chair: Report
- Bitcoin price compression will spark expansion: Will BTC explode toward $120K?
- Coinbase stock surges after JPMorgan upgrade on Base, USDC potential
- Binance comeback? CZ’s pardon reignites talk of a US return
- Sygnum Bank bets on Bitcoin lending with multisign custody model
- Crypto Biz: Bitcoin whales trade keys for comfort
- Price predictions 10/24: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE, LINK, XLM
- Bitcoin’s bull market is intact, but key levels signal risk, says Galaxy Digital analyst
- $19B crypto crash opens door to $200K Bitcoin in 2025: Finance Redefined
- Crypto.com pushes for federal footing with US trust bank charter application
- Zelle fires up stablecoins to fuel faster cross-border payments
- Tether’s stablecoin business set for another record year of profitability
- Polymarket: Token will come, but US launch comes first
- WazirX shutdown ends, UK watchdog targets HTX: Global Express
- Pump.fun expands with Padre acquisition as memecoin market cools
- Bitcoin spikes to $112K on soft US CPI data as S&P 500 hits record high
- Bitcoin spikes to $112K on soft US CPI data as S&P 500 hits record high
