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SYNC Network Price (SYNC)
0.0000002744 BTC0.34%
0.000003933 ETH0.07%

SYNC Network Links
SYNC Network Contracts

Please change the wallet network
Change the wallet network in the MetaMask Application to add this contract.
SYNC Network Tags
Category
SYNC Network to USD Chart
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SYNC Price Statistics
SYNC Network Price | $0.006458 |
---|---|
Price Change24h | -$0.0001234 1.88% |
24h Low / 24h High | $0.006452 / $0.006721 |
Trading Volume24h | No Data |
Volume / Market Cap | No Data |
Market Dominance | No Data |
Market Rank | #1524 |
Market Cap | $760,381 1.88% |
---|---|
Fully Diluted Market Cap | $1,021,128 1.88% |
SYNC to USD Converter
SYNC Price Live Data
The live SYNC Network price today is $0.006458 USD with a 24-hour trading volume of not available. We update our SYNC to USD price in real-time. SYNC Network is down 1.88% in the last 24 hours. The current CoinMarketCap ranking is #1524, with a live market cap of $760,381 USD. It has a circulating supply of 117,742,237 SYNC coins and the max. supply is not available.
If you would like to know where to buy SYNC Network at the current rate, the top cryptocurrency exchange for trading in SYNC Network stock is currently Uniswap (V2). You can find others listed on our crypto exchanges page.
What is the SYNC Network (SYNC)?
The SYNC Network is a Layer 2 platform that creates cryptocurrency bonds that earn interest via Non-Fungible Tokens (NFTs). The network uses ‘CryptoBonds,’ a new sort of financial primitive, to create digital interest earning assets with a twist — receiving principal amounts plus earned interest in a fully trade-able NFT that can be sold on secondary markets like OpenSea and Rarible any time.
The goal of the SYNC Network is to bring stability and risk mitigation to DeFi by providing long-term staking, or ‘CryptoBonds’, to Automated Market Makers (AMMs) like Uniswap.
What are CryptoBonds?
A CryptoBond is a fully tradeable ERC-721 NFT token that locks in liquidity on Uniswap. The SYNC platform mints two tokens: an ERC-20 awards token for Uniswap Liquidity Providers; and an ERC-721 NFT that bonds Uniswap liquidity pairs to SYNC tokens for a specified amount of time (ranging from 90 days to 3 years) that earns interest. When the CryptoBond matures, the holder receives back the original investment plus interest.
The CryptoBonds are made by bonding liquidity pair tokens with the corresponding dollar value of SYNC tokens at the current mining reward rate. Called ‘bonds’ because they are made by ‘bonding’ tokens representing the creators share of a liquidity pool (e.g., Uniswap ‘liquidity-tokens’) with an equally valued amount of SYNC tokens, until a specific period of time has lapsed (i.e., a CryptoBond reaches maturity).
Some other unique features of CryptoBonds are individualized liquidity mining rewards that are readjusted daily based on liquidity pool supply and demand, and rare one-of-a-kind artwork that is created when the bonds are minted.
How many tokens in circulation?
While the total supply of SYNC is undefined, total supply can be seen any time by visiting https://tokenomics.syncbond.com/total_supply. The total maximum supply of SYNC tokens is theoretically uncapped due to the inflationary and deflationary effects derived from market forces, i.e., when a bond is created, an equal value of tokens are burned from the total supply.
Who Are the Founders of SYNC Network?
The SYNC Network was developed by a core group of agile developers, but the platform is community-governed and a fully decentralized DeFi ecosystem. The SYNC Network is governed by token holders who put forth proposals for a community vote, with CryptoBond holders having the most power (the more CryptoBonds you hold, the more voting power you have). However, any SYNC token holder can create a governance proposal to be voted on by the community.
Where Can I Buy SYNC Network (SYNC)?
The SYNC Network was originally developed to be used on Uniswap, and can be found here. However, the team is exploring other integrations for the future on other AMMs and DEXes.
Here are some other articles that you may be interested in:
SYNC Price Statistics
SYNC Network Price | $0.006458 |
---|---|
Price Change24h | -$0.0001234 1.88% |
24h Low / 24h High | $0.006452 / $0.006721 |
Trading Volume24h | No Data |
Volume / Market Cap | No Data |
Market Dominance | No Data |
Market Rank | #1524 |
Market Cap | $760,381 1.88% |
---|---|
Fully Diluted Market Cap | $1,021,128 1.88% |