Bnx Finex (BNX)
Details about Bnx Finex cryptocurrency
€0
12,000,000
1
Unknown
Bnx Finex price charts
BNX exchanges
Bnx Finex, the crypto
BNX Finex (BNX) is a cryptocurrency that operates on the Ethereum blockchain platform. It is a decentralized finance (DeFi) protocol that allows the creation and trading of synthetic assets tied to real-world assets. BNX holders can participate in the governance of the protocol and receive rewards for their contributions.
The point
The main point of BNX Finex is to enable users to trade synthetic assets without the need for a trusted intermediary. By using smart contracts, the platform eliminates counterparty risk and allows for 24/7 trading. BNX holders can also participate in the governance of the protocol and vote on proposals that affect the platform's direction.
The problem
BNX Finex tries to solve the problem of limited access to synthetic assets for retail investors. Typically, only institutional investors have access to these types of assets, which can act as a hedge against market volatility. By creating a DeFi protocol that allows for the creation and trading of synthetic assets, BNX Finex aims to democratize access to these assets and give retail investors the opportunity to hedge their portfolios.
Compare BNX and BTC performance
Timeframe | BNX | BTC |
---|---|---|
1h change | 0 % | -0.0119024 % |
24h change | 0 % | 1.79811 % |
7 day change | 0 % | 8.72443 % |
14 day change | 0 % | -0.0693648 % |
30 day change | 0 % | 24.6776 % |
200 day change | -99.07 % | 171.948 % |
Year change | -99.27 % | 160.369 % |