Published inSymblox·May 22, 2021Why Symblox?Let’s talk once again about the reasons our project stands out from the rest? We have prepared 6 points that will help you understand if Symblox is what you really need! Easy as 1, 2, 3… Just Stake, Mint and you’re ready to trade in the biggest financial markets in…Blockchain1 min readBlockchain1 min read
Published inSymblox·May 21, 2021How to use synthetic assets?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 —…Crtptocurrency1 min readCrtptocurrency1 min read
Published inSymblox·May 20, 2021What are ETH smart contracts?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. …Blockchain1 min readBlockchain1 min read
Published inSymblox·May 17, 2021Cryptocurrency Market News Digest 10.05.2021–16.05.2021We’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…News1 min readNews1 min read
Published inSymblox·May 15, 2021Cryptocurrency is not rocket science!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. …Cryptocurrency1 min readCryptocurrency1 min read
Published inSymblox·May 14, 2021What are Symblox Advantages?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…Cryptocurrency1 min readCryptocurrency1 min read
Published inSymblox·May 12, 2021What is blockchain and why is this technology so important?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…Cryptocurrency1 min readCryptocurrency1 min read
Published inSymblox·May 11, 2021How does Symblox work?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. …Cryptocurrency1 min readCryptocurrency1 min read
Published inSymblox·May 10, 2021Cryptocurrency Market News Digest 03.05.2021–09.05.2021We’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…News1 min readNews1 min read
Published inSymblox·May 8, 2021What are synthetic assets and why it is interesting?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…Blockchain1 min readBlockchain1 min read
