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
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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 #
- Crypto launderers are turning away from centralized exchanges: Chainalysis
- A Fed move to backstop Japan bonds could boost Bitcoin: Arthur Hayes
- UK bans Coinbase ads that ‘trivialized’ crypto risks: Report
- Coinbase moves closer toward rolling out ‘custom stablecoins’
- Silver, gold hype overtaking crypto on social media: Santiment
- Trustless AI agent standard could hit Ethereum mainnet on Thursday
- Steak ‘n Shake adds $5M in Bitcoin to reserve as in-store sales grow 18%
- Nearly 40% of US merchants now accept crypto at checkout: PayPal
- Rodeo becomes 2nd NFT platform to announce closure this week
- $10.8B in Bitcoin options expire this week: Will bulls chase $95K after expiry?
- Crypto needs to become ‘indispensable’ if legislation fails: Bitwise
- Morgan Stanley appoints new head of digital asset strategy
- US Marshals confirm probe into $40M theft claims involving seized crypto
- AI data centers hit same local resistance that slowed Bitcoin mining
- CFTC Staff Issues No-Action Letter, Announces Implementation Updates to 2024 Large Trader Reporting Rule
- Public companies quietly grow Bitcoin holdings as prices stay flat
- Bitcoin’s real ‘Uptober’ moment might start in February: Here’s why
- South Dakota lawmaker takes another run at Bitcoin reserve bill
- Nomura-backed Laser Digital seeks US bank charter amid crypto banking push: Report
- Crypto market weakness persists, but Ethereum metrics hint at rally to $3.3K
