Table of Contents
- 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
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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 #
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- Bitcoin price gets $92K target as new buyers enter 'capitulation' mode
- Stablecoins deserve better, and they’re finally getting it
- Postmortems can’t stop AI-powered crypto fraud
- Cathie Wood’s ARK Invest adds $12M in Bullish shares as options trading surges
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- Strategy files IPO for euro stock to fund more Bitcoin buys
- ‘One trick pony’ crypto treasuries may soon face a wave of new rivals
- Crypto sentiment nosedives to ‘extreme fear’ as Bitcoin drops under $106K
- Wintermute boss denies plans to sue Binance over the Oct. 10 crash
- Crypto czar David Sacks argues AI threat is Orwellian, not Terminator
- Ripple buys Palisade as it tips corporations to drive crypto adoption
- Cipher Mining rockets 32% after $5.5B data center deal with Amazon
- Crypto whale who nailed the October crash opens $55M BTC and ETH longs
- FTSE Russell partners with Chainlink to publish stock indexes onchain
- Tharimmune makes $540M bet on Canton Coin in crypto treasury push
- Balancer audits under scrutiny after $100M+ exploit
