Synthetix is a decentralized payment network designed to enable everyday cryptocurrency purchases. The network uses a dual token system to reduce price volatility. The fees from transactions within the system are used to collateralize the network which is secured by the blockchain enabling the creation of a new asset-backed stable coin, common tokens.
Synthetix is an ERC-20 compliant token, that will serve to reward the token holders with the fees charged on each transaction on the Synthetix network.
Synthetix (SNX) is a rebranding of Havven.io (HAV).