What is SYNC Network (SYNC) | What is SYNC Network token | What is SYNC token
What is SYNC Network (SYNC)?
SYNC Network is composed of two main contracts: the SYNC ERC-20 contract and the CryptoBond ERC-721 contract. SYNC tokens have an undefined total supply with inflationary and deflationary attributes through the interactions with CryptoBond investment.
SYNC is the native utility token that is used for?
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The trustless interest token bonded to LPTs in CryptoBonds
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Available supply of SYNC directly drives interest rates available for CryptoBonds.
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Spreads risk across all bonded assets
SYNC Tools Include:
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CryptoBond Builder
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CryptoBond statistic page
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One click/ one transaction adding to Uniswap Liquidity Pools with a single asset
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Secondary market place, reducing downside pressure on spot markets
How many tokens are in circulation?
- There are currently 16 million SYNC tokens(approx. 2.5% of total supply). On Nov. 30th, 2020 the CryptoBonds contract will be launched triggering the start of SYNC tokens Fair Release Schedule. Upon launch 14 million tokens will be minted making the initial supply on day one 30 million tokens. Coins can be minted for 360 days. The daily emission rate of tokens halves (reduced by 50%) every 30 days. The starting emission rate will be 5 million tokens per day. At the end of the 360 day period the total amount of tokens minted will be 630 million tokens. (this does not include any tokens that may be burned from CryptoBond creation or interest minted from CryptoBond maturation)
source : CryptoPedic
Who Are the Founders of SYNC Network?
Scott Bondsman is the project manager, founder, marketing and business development lead. He is a DEfi enthusiast and had the original idea for the project. He has a background in mechanical engineering and large scale project management. He got his start in crypto early 2017. Between then and now he has invested in countless projects and has a wide knowledge base of crypto.
The Front end dev has been coding websites for over 20 years and has a background in corporate banking. He has been in the crypto space since 2011 when he started solo mining bitcoin. Since then he has been involved with multiple smart contracts.
Our backend dev has a masters in data science. He has spent the past 10 years developing cutting edge AI tech companies. He has been working on solidity smart contracts since early 2018.
How and Where to Buy SYNC Network (SYNC)?
SYNC has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy SYNC
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since SYNC is an altcoin we need to transfer our coins to an exchange that SYNC can be traded. Below is a list of exchanges that offers to trade SYNC in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase SYNC from the exchange.
Exchange: Uniswap
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once SYNC gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ Binance ☞ Bittrex ☞ Poloniex ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT ☞ Gate.io ☞ Coinbase
Find more information SYNC
☞ Website
☞ Explorer
☞ Source Code
☞ Social Channel
☞ Message Board
☞ Documentation
☞ Coinmarketcap
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