Table of Contents
- SynthCrypto LKX - Symbol : hLKX
- This token is a SynthCrypto LKX, it derives its pricing from a composite global pricing of LINK 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 LKX – Symbol : hLKX #
This token is a SynthCrypto LKX, it derives its pricing from a composite global pricing of LINK 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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- Price predictions 2/6: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, BCH, HYPE, XMR
- What’s really weighing on Bitcoin? Samson Mow breaks it down
- China bans stablecoin and RWA issuance by foreign and domestic companies
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- Bitcoin beats FTX, COVID-19 crash with record dive below 200-day trend line
- Ether leads crypto losses with 30% crash: Where is the bottom?
- Crypto PACs secure massive war chests ahead of US midterms
- Bitcoin Core dev Gloria Zhao quits maintainer role after six-year stint
- Why privacy coins often appear in post-hack fund flows
- Trend Research dumps over 400K ETH as liquidation risk rises
- Bitcoin price rebounds 11% to $65K: Who is buying the dip?
- NFT market cap slides back to 2021 pre-hype levels, near $1.5B
- Cathie Wood’s ARK dumps $17M in Coinbase stock as shares fall 37% YTD
- Pump.fun moves deeper into trading infrastructure with Vyper acquisition
