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 giá
SYNC

biểu đồ SYNC Network sang VND

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Tin tức về SYNC Network%

Thông tin về SYNC Network

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)?

Các token phổ biến trên Chuỗi Ethereum

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SYNC Network Dữ liệu về giá theo thời gian thực

SYNC Network giá SYNC

biểu đồ SYNC Network sang VND

Thống kê về SYNC Network

Xếp hạng · Dựa trên 2 xếp hạng tổ chức

SYNC Network community

SYNC Network markets

Đang tải dữ liệu...

Tin tức về SYNC Network%

Thông tin về SYNC Network

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)?

Các token phổ biến trên Chuỗi Ethereum

Tiền điện tử được truy cập nhiều nhất

Mọi người cũng xem

Xu hướng

SYNC Network Dữ liệu về giá theo thời gian thực

SYNC Network giá
SYNC