When buying synthetic gold you are exposed to the same price fluctuations as physical gold and gold contract holders. It is just one of the ways to purchase gold without a broker’s help — through tokens. -Synthetic assets allow for a wide range of applications! For example: -Financial speculation — you can bet on price going up or down -Stablecoins — synthetic fiat is an interesting alternative to the current stablecoin market

In our last post we mentioned how our smart contract passed the audit. Today we wanted to elaborate on what smart contracts are! Smart contracts are applications that run on the Ethereum Virtual Machine (EVM). These are applications that are executed automatically upon fulfilling certain prerequisites set by their programmers. …

We’re continuing our tradition: every week Symblox will be publishing a short weekly cryptocurrency market news digest for you to stay informed on the latest trends. In this edition we look at what happened from 10 through 16 of May. Tesla stopped accepting bitcoin as payment for its cars over…

Just a few years ago cryptocurrencies were something very few had any knowledge about. Fast forward to today and crypto is more popular than it has ever been. …

Let’s talk about the things our project excels at! Well, advantages of Symblox are all listed on our website, but why not make it a little more succinct? Here we go: Symblox supports various crypto assets as collateral, thereby avoiding systemic risks caused by price volatility in a single collateralized…

The idea at the core of blockchain has been around since 1991, but it was only after 2009 that the technology got proper recognition, when Bitcoin was launched by the mysterious person (or even a group) called Satoshi Nakamoto. The true identity of Satoshi hasn’t been found until this day…

All transactions on Symblox are carried out with the help of smart contracts. To make a transaction you must first issue assets on the platform. It’s very easy to do: after signing up, you launch the DApp and put the amount of stablecoins you want to generate. …

We’re continuing our tradition: every week Symblox will be publishing a short weekly cryptocurrency market news digest for you to stay informed on the latest trends. In this edition we look at what happened from 03 through 09 of May. At this very moment, the total value locked (TVL) in…

Synthetic assets based on technologies such as the blockchain and smart contracts can solve the problems mentioned earlier. Synthetic assets are financial assets that simulate one or more underlying assets. For example, the all familiar USDT is a synthetic asset mirroring the US dollar. To put it simply — the…