Table of Contents
- SynthCrypto DGX - Symbol : hDGX
- This token is a SynthCrypto DGX, it derives its pricing from a composite global pricing of DOGE in USD in real time with all transactions occurring on-chain on Pecu Novus. They sit in a liquidity pool w/ USXM tokens 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 DGX – Symbol : hDGX #
This token is a SynthCrypto DGX, it derives its pricing from a composite global pricing of DOGE in USD in real time with all transactions occurring on-chain on Pecu Novus. They sit in a liquidity pool w/ USXM tokens 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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- Corporate buying stirs debate over Bitcoin’s long-term decentralization
- Crypto ETPs see biggest weekly outflows since February as investors pull $2B
- Singapore’s SGX to launch Bitcoin and Ether perps as institutional demand climbs
- MAM, PAMM & Copy Trading Accounts: What’s the Difference?
- BTC price bull market lost? 5 things to know in Bitcoin this week
- UBS and Ant bet on blockchain to break bottleneck in global treasury flows
- 95% of Bitcoin has now been mined: Here’s why it’s important
- Adam Back: Bitcoin faces no quantum risk for next 20–40 years
- Bitcoin ETFs bleed $1.1B as analysts warn of ‘mini’ bear market at pivotal moment
- Stablecoin panic could upend ECB policy, Dutch central bank governor warns
- CZ’s lawyer denies Binance co-founder’s pardon was ‘pay-to-play’
- Institutions don’t care about Bitcoin Core vs Knots clash: Galaxy exec
- Ethereum starting on ‘same supercycle’ as Bitcoin: BitMine’s Tom Lee
- Bitcoin isn’t a ‘magical anarcho-capitalist Swiss army knife’: Nick Szabo
- Arcade tokens are a ‘critical building block’ in crypto’s evolution: a16z
- Crypto execs speculate on what’s to blame as Bitcoin slumped under $94K
