SynthCrypto LTC – Symbol : hLTC
This token is a SynthCrypto LTC, it derives its pricing from a composite global pricing of Litecoin 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
- South African Authorities Arrest Man Accused of Using Bitcoin to Fund Terrorist Activities – Regulation Bitcoin News - Bitcoin.com News
- BTC exchange inflow and miner outflow drop — BTC to reclaim $100K? - Cointelegraph
- HIVE Digital’s move highlights Texas’ renewed rise as a crypto hub - San Antonio Report
- Ozzy Osbourne and Jimmy Buffett’s 2024 Rock & Roll Hall of Fame Induction, A Perfectly Wild and Wonderful Contrast
- The 'MicroStrategy of Dogecoin' Launches DOGE Yield Strategy, Eyes Bitcoin and Solana Expansion - Decrypt
- Cryptocurrency-Focused Payment Solutions - Trend Hunter
- $19 trillion in transactions settled on the Bitcoin network in 2024 - Cointelegraph
- MicroStrategy Targets $2 Billion Capital Raise. It’s All to Buy More Bitcoin. - Barron's
- Does Robert Kiyosaki's Bullish 2025 Bitcoin Prediction Make Sense? - The Motley Fool
- XRP Market Update: Bullish Surge Hints at Explosive Breakout Potential – Bitcoin News - Bitcoin.com News
- TikTok knew its livestreaming feature allowed child exploitation, state lawsuit alleges - The Guardian US
- Cryptic posts drive stocks, and Bitcoin turns 16: Markets roundup - Quartz
- China’s Secret Economic Moves: A Hidden Crypto Catalyst? - Bit Perfect Solutions
- Prediction: XRP Will Soar Over the Next 4 Years. Here's 1 Reason Why. - Yahoo Finance
- MSTR Targets $2 Billion Capital Raise to Buy Bitcoin in Q1, 2025: Michael Saylor By U.Today - Investing.com
- Leak Reveals Serious China 2025 Warning—Predicted To Blow Up The Bitcoin Price - Forbes
- Bitcoin needs trading volume boost to rally above $105K in January - Cointelegraph
- Bitcoin may top $125,000 or fall to $77,000 in Q1. It depends on Trump. - MarketWatch
- Why An Old-School Value Investor Is Betting On Bitcoin - Forbes
- Here are some of BTIG's top picks for the first half of 2025 - Investing.com