#
SynthCrypto ADA – Symbol : hADA #
This token is a SynthCrypto ADA, it derives its pricing from a composite global pricing of Cardano 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 #
- Institutional investors continue to scoop up Bitcoin above $100K
- Why crypto’s next breakthrough could start in the classroom — Animoca’s Yat Siu
- Ethereum Foundation distributed $32.6M grants to ecosystem in Q1
- Gemini to launch crypto derivatives in Europe with new license
- TapSwap on Telegram: Is it legit or a scam?
- Senator Tim Scott slams partisan politics for failed stablecoin bill
- Taiwan lawmaker calls for Bitcoin reserve at national conference
- Bitcoin eyes sub-$100K liquidity — Watch these BTC price levels next
- How high can Bitcoin price go?
- Germany seizes $38M in crypto from Bybit hack-linked eXch exchange
- Is Pi Network dead? What really went wrong behind the hype
- Trump Sparks Risk-On Sentiment Amid US-China Trade Talks Hints
- Solana lacks ‘convincing signs’ of besting Ethereum: Sygnum
- Bitcoin accepted at fast food chain Steak ’n Shake from May 16
- Metaplanet is raising another $21M through bonds to buy more Bitcoin
- Ether clocks ‘insane’ 20% candle post Pectra — a turning point?
- AI decentralized apps are coming for the Web3 throne: DappRadar
- S&P 500 Calm May Be Deceptive as Reversal Signs Build at Resistance
- Apple makes progress toward its first pair of smart glasses: Report
- Zerebro dev is reportedly alive and at parents’ house: SF Standard
