SYNC

SYNC NetworkSYNC

Rank #1473
Token
On 4,594 watchlists

SYNC Network Price (SYNC)

$0.02664
2.68%

0.0000005398 BTC2.65%

0.000006363 ETH1.35%

Low:$0.02567
High:$0.02664
24h
SYNC  SYNC Network SYNC
Price:
$0.02664
 2.68%
Market Cap
$3,242,564
2.63%
Fully Diluted Market Cap
$4,114,384
2.68%
Volume
24h
$8,275
79.66%
Volume / Market Cap
0.002552
Circulating Supply
121,715,894.59 SYNC
Max Supply
--
Total Supply
154,441,375
Sponsored

SYNC Network to USD Chart

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SYNC Price Live Data

The live SYNC Network price today is $0.026640 USD with a 24-hour trading volume of $8,275.28 USD. We update our SYNC to USD price in real-time. SYNC Network is up 2.68% in the last 24 hours. The current CoinMarketCap ranking is #1473, with a live market cap of $3,242,564 USD. It has a circulating supply of 121,715,895 SYNC coins and the max. supply is not available.

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.

SYNC to USD Converter

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SYNC Price Statistics

SYNC Network Price Today
SYNC Network Price$0.02664
Price Change24h$0.0006956
2.68%
24h Low / 24h High
$0.02567 /
$0.02661
Trading Volume24h$8,275.28
79.66%
Volume / Market Cap0.002552
Market DominanceNo Data
Market Rank#1473
SYNC Network Market Cap
Market Cap$3,242,563.59
2.63%
Fully Diluted Market Cap$4,114,384.41
2.68%
SYNC Network Price Yesterday
Yesterday's Low / High
$0.02567 /
$0.02663
Yesterday's Open / Close
$0.02586 /
$0.02658
Yesterday's Change

2.81%

Yesterday's Volume$8,257.88
SYNC Network Price History
7d Low / 7d High
$0.02447 /
$0.03074
30d Low / 30d High
$0 /
$0.07523
90d Low / 90d High
$0 /
$0.07523
52 Week Low / 52 Week High
$0 /
$0.2089
All Time High
Mar 08, 2021 (9 months ago)
$0.2089
87.25%
All Time Low
Nov 16, 2021 (20 days ago)
No Data
SYNC Network ROI
No Data
SYNC Network Supply
Circulating Supply121,715,895 SYNC
Total Supply154,441,375 SYNC
Max SupplyNo Data