SYNC

SYNC NetworkSYNC

Rank #1112
Token
On 2,370 watchlists

SYNC Network Price (SYNC)

$0.06703
18.96%

0.000001221 BTC9.95%

0.00003196 ETH6.90%

Low:$0.06622
High:$0.08747
24h
SYNC  SYNC Network SYNCPrice: $0.06703 18.96%
Market Cap
$7,459,781
18.91%
Fully Diluted Market Cap
$9,016,944
18.96%
Volume
24h
$119,079
65.88%
Volume / Market Cap
0.01596
Circulating Supply
111,297,390 SYNC
Max Supply
--
Total Supply
134,529,721

SYNC Network Chart

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SYNC Price Live Data

The live SYNC Network price today is $0.067026 USD with a 24-hour trading volume of $119,079 USD. SYNC Network is down 18.96% in the last 24 hours. The current CoinMarketCap ranking is #1112, with a live market cap of $7,459,781 USD. It has a circulating supply of 111,297,390 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.

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SYNC

SYNC Network

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USD

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SYNC Price Statistics

SYNC Network Price Today
SYNC Network Price$0.06703
Price Change24h$-0.01568
18.96%
24h Low / 24h High
$0.06622 /
$0.08747
Trading Volume24h$119,078.74
65.88%
Volume / Market Cap0.01596
Market Dominance0.00%
Market Rank#1112
SYNC Network Market Cap
Market Cap$7,459,781.27
18.91%
Fully Diluted Market Cap$9,016,943.65
18.96%
SYNC Network Price Yesterday
Yesterday's Low / High
$0.07926 /
$0.09
Yesterday's Open / Close
$0.08671 /
$0.08473
Yesterday's Change

2.29%

Yesterday's Volume$76,191.32
SYNC Network Price History
7d Low / 7d High
$0.06622 /
$0.09146
30d Low / 30d High
$0.06528 /
$0.1679
90d Low / 90d High
$0.0159 /
$0.2089
52 Week Low / 52 Week High
$0.002885 /
$0.2089
All Time High
Mar 08, 2021 (a month ago)
$0.2089
67.92%
All Time Low
Dec 12, 2020 (4 months ago)
$0.002885
2223.16%
SYNC Network ROI
No Data
SYNC Network Supply
Circulating Supply111,297,390 SYNC
Total Supply134,529,721 SYNC
Max SupplyNo Data