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Symbiosis stands out as a platform that utilizes cross-chain swaps without a need to perform numerous transactions. It additionally aggregates liquidity from various Automated Market Makers (AMM) and Decentralized Exchanges (DEX) across multiple EVM and non-EVM chains.
Symbiosis leverages a decentralized Relayers Network - an off-chain ecosystem of relayer node runners that verify and transfer information across blockchains. Relayers network nodes ensure the smooth and secure data transfer and enhance the platform’s security and resilience against central points of failure. Relayers Network nodes have to stake SIS to participate in consensus and process swaps.
What Is $SIS?
$SIS is a native token in the Symbiosis ecosystem that utilizes several use cases and unlock the full power of Symbiosis protocol. It is deployed on such blockchain networks as Ethereum, Binance Smart Chain, Scroll, ZK Sync Era, Arbitrum One, and Linea. $SIS implements several ecosystem utilities from governance rights in the Symbiosis DAO to enabling special terms for the Symbiosis protocol users.
Additionally, $SIS token makes rewards for staking in Symbiosis protocol possible. By staking SIS tokens on Ethereum, BNB or zkSync chains, users can earn rewards. By locking the $SIS tokens in the pools for staking, users are granted with veSIS tokens.
What Are Main Utilities of $SIS?
Symbiosis native token activates numerous reward programs for the ecosystem members. Besides being listed at exchanges and Dapps for trading and other on-chain activities, $SIS is a gateway to the veSIS program - a series of incentives for the Symbiosis community.
veSIS tokens are the Symbiosis protocol's Vote Escrow tokens that take a special position in the Symbiosis ecosystem. By utilizing veSIS tokens, ecosystem and community members can participate in the Symbiosis DAO and contribute to shaping the future of the ecosystem.
According to the project’s article, possessing veSIS tokens provides users with such use cases as up to 60% discounts on the swaps and bridges in the Symbiosis WebApp, boosted APR for providing liquidity to the selected pools.
Where Can You Buy Symbiosis (SIS) Token?
Symbiosis SIS token is globally available on selected popular exchanges on the crypto market. You can obtain SIS on Symbiosis, Bybit, OKX, Gate.io, Huobi and BingX.
If you have trouble trading SIS pairs with your local currency, check out the guide on how to swap to SIS from over 500+ supported assets.
MAIN
Symbiosis Finance is a multi-chain liquidity protocol. The platform aggregates exchange liquidity across EVM and selected non-EVM networks including TRON, Bitcoin, BNB, etc.
Symbiosis Finance aims to solve a problem of liquidity transfer across multiple chains. With various bridges and swap platforms that currently create liquidity fragmentation, Symbiosis stands out as a unified easy-to-use solution that provides asset swap and liquidity transfer with one click and one transaction.
$SIS is a native token of Symbiosis Finance protocol deployed on Ethereum, BNB, Scroll, ZK Sync Era, Arbitrum One, and Linea. The use cases originally designed for SIS include governance for the Symbiosis Protocol DAO and Treasury, protocol security, veSIS staking and rewarding incentives for Liquidity Provision.
By staking SIS token within the Ethereum, BNB or zkSync networks, users can earn rewards. According to the website of the project, the SIS token additionally utilizes a liquidity rewarding program that includes ve (Vote Escrow) token - veSIS.
The live Symbiosis price today is $0.183812 USD with a 24-hour trading volume of $501,091 USD. We update our SIS to USD price in real-time. Symbiosis is up 5.87% in the last 24 hours. The current CoinMarketCap ranking is #1174, with a live market cap of $11,280,161 USD. It has a circulating supply of 61,367,996 SIS coins and a max. supply of 99,489,760 SIS coins.