What is SpaceShipX SSX (SSX) Token?
SpaceShipX SSX (SSX) is the native token of SpaceShipX Finance, a synthetics platform where you can earn extra yield on your favorite tokens. SpaceShipX SSX is based on Polygon.
The token has a maximum supply of 10,000,000 and a total supply of 86,357. As of January 12, The SpaceShipX SSX price is $0.2042 with a 24-hour trading volume of $21,137.58 USD.
What is a synthetic asset?
- A synthetic asset is simply a tokenized derivative that mimics the value of another asset.
This is different from owning the underlying asset. Synths provide exposure to assets that are normally inaccessible to the average crypto investor — gold, silver, stocks, etc.
Synths are different from tokenized commodities, such as Paxos’ PAX Gold (PAXG), which is backed by gold bars.
Owning PAXG means that you own the gold that Paxos holds for you, whereas owning Synthetics means that you do not own the underlying asset — you merely have exposure to the price of gold. As protocol’s design, each synthetic asset is collateralized by its target token and a part of SSX, for example, aUSDC = 90% value in USDC + 10% value in SSX.
Synthetic Tokens List:
SSX is the ecosystem core token.
- Total supply: 10,000,000 SSX
- 80% for Liquidity mining
- 20% for Treasury
- Vesting period: 3 years
What is the SpaceShipX Finance Project?
SpaceShipX is a synthetics platform where you can earn extra yield on your favorite tokens. The first synthetic token will be MLP from Mad Meerkat Finance on Polygon.
The protocol’s main feature is minting/redeeming partially-collateralized synthetic assets which are backed by the underlying asset and the protocol’s native token.
Mission is to build a full ecosystem to support synthetic assets (DEX, Lending, Launchpad, Games, and more).