Synthetix on $eth has a MC of 500m with a circulating supply of 340m tokens. 
Synthetix uses its $SNX token as collateral to mint synth assets and is currently on 130m USD TVL. It only uses $SNX as collateral.

$BTN will use a number of collateral assets to mint, so expect the TVL to surpass $SNX very quickly. Group 1 consist of $snek $iag and $MIN. Those 3 together have a MC of 600m. More groups to he announced in coming hours.

If $BTN reaches 10% of $SNX MC(50m), it will be around 5$ a token, 20% would be 10$, and 50% would put us at 30$ a token. This is not taking into account burns.

Mainnet in 3 days. $ada Cardano
#eth #SNX #SNX #BTN