Question 1

What is the SYNC Network (SYNC)?

Accepted Answer

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.

Question 2

What are CryptoBonds?

Accepted Answer

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.

Question 3

How many tokens in circulation?

Accepted Answer

While the total supply of SYNC is undefined, total supply can be seen any time by visiting [https://tokenomics.syncbond.com/total_supply](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.

Question 4

Who Are the Founders of SYNC Network?

Accepted Answer

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.

Question 5

Where Can I Buy SYNC Network (SYNC)?

Accepted Answer

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 Network 가격
SYNC

SYNC Network 대 KRW 차트

SYNC Network 통계

등급 · 2건의 기관 평가를 기반으로 이루어 집니다.

SYNC Network community

SYNC Network 시장

데이터 로드 중...

SYNC Network 뉴스

SYNC Network 정보

What is the SYNC Network (SYNC)?

What are CryptoBonds?

How many tokens in circulation?

Who Are the Founders of SYNC Network?

Where Can I Buy SYNC Network (SYNC)?

Ethereum 체인에서의 인기 토큰

가장 많이 방문한 가상자산

다른 사람들이 본 항목

인기 가상자산 Top 3

SYNC Network 라이브 가격 데이터

SYNC Network 가격 SYNC

SYNC Network 대 KRW 차트

SYNC Network 통계

등급 · 2건의 기관 평가를 기반으로 이루어 집니다.

SYNC Network community

SYNC Network 시장

데이터 로드 중...

SYNC Network 뉴스

SYNC Network 정보

What is the SYNC Network (SYNC)?

What are CryptoBonds?

How many tokens in circulation?

Who Are the Founders of SYNC Network?

Where Can I Buy SYNC Network (SYNC)?

Ethereum 체인에서의 인기 토큰

가장 많이 방문한 가상자산

다른 사람들이 본 항목

인기 가상자산 Top 3

SYNC Network 라이브 가격 데이터

SYNC Network 가격
SYNC