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 the world!
Trade with no counterparty risk. Remain in control of your funds at all times.
Zero Slippage, Zero Surprises
With a collateralized pool as the counterparty, slippage and low liquidity is a thing of the past.
Withdraw Anytime — 24/7/365
Withdrawal with any Web3 compliant wallet directly with our open-sourced smart-contract.
Borderless, Globally Accessible
Connect with any crypto wallets and you’re in. No cumbersome registration, log-ins or KYC.
Your money is managed on the blockchain through 100% open-source, independently audited code.
Want to find more information about Symblox? Visit our website.
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
-Hedging — insurance against volatile price movement against your positions
-Stocks and commodities — you gain access to the gold, silver and the stock market without leaving the convenience of the cryptocurrency space. All synths are tokenized, so they can be used in different DeFi protocols, as collateral, for example.
As you can see, there are a lot of opportunities to be had! Symblox lets you access all of it!
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.
Smart contract advantages include a built-in protection from the human factor. Nobody can tamper with a smart contract, and there is no need to trust the third party to release money on time or validate a transaction. …
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 environmental concerns regarding the network’s power needs. The price of the asset has taken a downturn, and the community has erupted with criticism.
Daily Ethereum mining revenue has peaked at $100 million, surpassing that of Bitcoin.
Bitcoin’s mining difficulty is at its highest. The first crypto saw its difficulty rate…
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. Despite all the measures various countries have been implementing against crypto, more and more people are using Bitcoin and other currencies all over the world!
Here at Symblox we are very happy about how things are going! We want to make digital finance accessible to the people, show that it’s not rocket science and we are proud to say that so far we’ve been very successful!
Symblox is a decentralized synthetic asset…
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 asset and providing the scalability for the issuance of trillions of dollars worth of both crypto and real-world assets on the protocol.
The goal of Symblox is to become an integral part of the infrastructure for DeFi; allowing anyone, anywhere to gain on-chain exposure to a vast array of assets.
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, but his technological innovation has succeeded in making the world reconsider the way we create and use money.
BTC transactions are peer-to-peer, which means that money flows directly from one user to another, without involving authority such as banks, regulators, or governments, etc.
This is as transparent and safe as it…
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. The system locks the amount of the collateral asset necessary to maintain the stablecoin peg.
After the synthetic assets are generated, they can be traded for profit. However, users have a number of ways to turn a profit as Symblox Protocol consists of one reserve pool and three applications, i.e., syFarming, syMinting, syTrading.
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 DeFi is at a new all-time high just shy of $80B.
PayPal has held exploratory talks about launching a stablecoin.
The price of the second-largest cryptocurrency reached its new all-time high at $3900. The market is all green, and this is good news for all cryptocurrency holders!
Dogecoin (DOGE) to…
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 synthetic asset technology allows for tokenizing any asset. You can issue tokens backed by cryptocurrency, fiat, stocks or bonds, commodities or precious metals… Anything you can imagine! These tokens allow anyone to access markets previously unavailable due to a high entry threshold.
This solves one of the key issues today…