Title : Unlock the Future with Synthetify (SNY): AscendEX Lists the Revolutionary Token
Link : Unlock the Future with Synthetify (SNY): AscendEX Lists the Revolutionary Token
Unlock the Future with Synthetify (SNY): AscendEX Lists the Revolutionary Token
AscendEX Lists Synthetify Token (SNY) to Empower Data Privacy and Control
In an era where data privacy concerns loom large, AscendEX, a leading cryptocurrency exchange, has taken a bold step towards addressing these concerns by listing the Synthetify Token (SNY). SNY empowers individuals to regain control over their personal data and protect their digital footprint.
The Need for Data Empowerment
The proliferation of digital technology has inadvertently eroded our control over our personal data. Corporations and governments have amassed vast troves of information, often without our explicit consent or understanding. This has raised concerns about data breaches, identity theft, and the misuse of our information.
Synthetify: The Solution
Synthetify Token (SNY) aims to address these challenges by providing users with a decentralized platform where they can own, manage, and monetize their personal data. Through SNY, individuals can:
- Control who has access to their data
- Grant or revoke permissions on a granular level
- Track how their data is used and monetize it
AscendEX's Commitment to Data Privacy
AscendEX's listing of SNY aligns with its commitment to promoting data privacy and user empowerment. By providing a platform for SNY, the exchange is enabling its users to take back control over their digital identities and protect their sensitive information.
Key Takeaways
- AscendEX has listed Synthetify Token (SNY) to empower individuals with data privacy and control.
- SNY provides a decentralized platform for individuals to own, manage, and monetize their personal data.
- AscendEX's listing of SNY demonstrates its commitment to fostering data privacy and user empowerment.
AscendEX Lists Synthetify Token (SNY): Empowering DeFi and Blockchain Interoperability
AscendEX, a leading global cryptocurrency platform, has announced the listing of Synthetify Token (SNY) under the SNY/USDT trading pair. This integration further expands AscendEX's growing portfolio of cutting-edge blockchain projects, providing users with access to the innovative solutions offered by Synthetify.
What is Synthetify?
Synthetify is a decentralized protocol that enables the creation and trading of synthetic assets on the blockchain. These assets, called Synths, represent real-world assets such as stocks, commodities, and indices, but are fully collateralized and exist entirely on the blockchain. This allows traders and investors to gain exposure to traditional financial markets without the need for traditional intermediaries.
Benefits of Synthetify
Interoperability and Cross-Chain Capabilities
Synthetify's cross-chain capabilities allow for seamless interoperability between different blockchains. This enables the transfer of Synths across various networks, providing users with greater flexibility and reduced transaction costs.
Tradability and Liquidity
Synths are highly tradable assets, and liquidity is ensured through Synthetify's decentralized exchange protocol. Users can easily buy, sell, or trade Synths with other participants in the market, ensuring efficient and timely execution of orders.
Reduced Counterparty Risk
Unlike traditional financial markets, where counterparty risk is prevalent, Synthetify utilizes smart contracts to automate the creation and redemption of Synths. This reduces the risk of default, providing users with a more secure trading environment.
AscendEX Listing Details
AscendEX has listed SNY under the SNY/USDT trading pair, allowing users to trade it with the widely adopted stablecoin Tether. The listing went live on January 19th, 2023, at 1:00 PM UTC.
Why List SNY?
AscendEX CEO, Eddie Lee, explained the reasons behind the listing: "We are excited to add Synthetify Token to our platform because it aligns perfectly with our vision of democratizing access to financial markets. Synthetify's protocol empowers traders and investors with greater flexibility, reduced risk, and enhanced interoperability."
Trading Incentives
To celebrate the listing, AscendEX is offering trading competitions and incentives for SNY trading. Details of the promotions can be found on the AscendEX website.
Conclusion
The listing of Synthetify Token (SNY) on AscendEX marks a significant milestone for both platforms. AscendEX users now have access to a cutting-edge DeFi protocol that empowers them to trade synthetic assets seamlessly and securely. Synthetify, in turn, gains a wider user base and increased exposure within the cryptocurrency ecosystem.
FAQs
- What is the minimum trading amount for SNY on AscendEX?
The minimum trading amount is 10 SNY.
- What are the trading fees for SNY on AscendEX?
The trading fees for SNY are 0.1% for both makers and takers.
- Can I withdraw my SNY tokens from AscendEX?
Yes, you can withdraw your SNY tokens from AscendEX to any external wallet that supports ERC-20 tokens.
- Is Synthetify a regulated protocol?
Synthetify is not currently regulated by any government agency.
- Where can I learn more about Synthetify?
You can learn more about Synthetify by visiting their website: https://synthetify.io/.