CoinDCX will list Siacoin (SC) and Synthetix (SNX) on the INR Spot Market and open trading for SC/INR and SNX/INR market pairs at 06:00 PM (IST) on August 19, 2021.
What is Siacoin (SC)?
Siacoin is the native utility token of Sia, a blockchain-based distributed, decentralized cloud storage platform. Sia acts as a secure, trustless marketplace for cloud storage in which users can lease access to their unused storage space. Agreements and transactions are enforced with smart contracts, and Siacoin is the medium of exchange for paying for storage on the network.
Project Website: Sia Tech
What is Synthetix (SNX)?
Synthetix is a decentralized finance (DeFi) protocol that provides on-chain exposure to a wide variety of crypto and non-crypto assets. The protocol is based on the Ethereum (ETH) blockchain and offers users access to highly liquid synthetic assets (synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset.
Project Website: Synthetix.io
Kindly Note: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. CoinDCX will provide its best efforts to choose high-quality cryptocurrencies, but will not be responsible for your trading losses.
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