Sync (SYNC)

From CryptoCurrency Wiki

Basics

"SYNC Network incentivizes liquidity providers with tradable yield generating NFTs called CryptoBonds for locking up their liquidity pool tokens."

History

Token

Launch

Token Allocation

"When a Crypto Bond is created the SYNC tokens contained within are removed from total supply. Upon maturation of the Crypto Bond the SYNC tokens are re-minted, along with the earned SYNC reward."

Utility

Other Details

Stablecoin

Coin Distribution

Technology

How it works

"The SYNC Network is a two-contract project, composed of the SYNC (ERC-20) contract and the Crypto Bond ERC-721 contract. SYNC tokens have an undefined total supply with inflationary and deflationary attributes through the interactions with Crypto Bond creators.

At time of creation, a Crypto Bond takes equal dollar amounts of liquidity provider tokens from Uniswap and SYNC tokens and locks them into an ERC-721 Non-Fungible Token (NFT).  Periodic Crypto Bonds can be created to produce periodic rewards for bonds 1 year or longer, Simple Crypto Bonds only produce the SYNC rewards upon maturation although may have higher reward rates. Term Crypto Bonds are available in 90 day, 180 day, 1, 2, & 3 year time durations. If a Periodic CryptoBond is chosen, it allows the withdrawal of a quarterly payment of SYNC any time after each 90-day time period is up. When a CryptoBond matures, liquidity tokens are returned and all Uniswap fees are still the holder’s to keep."

Mining

Staking

Liquidity Mining

Scaling

Interoperability

Different Implementations

Other Details

Privacy Method

Compliance

Oracle Method

Their Other Projects

DEX

Governance

DAO

Treasury

Upgrades

Roadmap

  • Can be found here (18-2-2021). There is no roadmap beyond the launch of their core product, which has is live now.

Audits

"Overall the project does not seem to present security issues, however some small mistakes were found that could have been avoided by paying more attention to the code, writing more tests and using static analysis tools. The team was helpful with the documentation provided and they were quick to provide the fixes to the items presented in this document."

Bugs/Hacks

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding, Partnerships, etc.

Team

  • Full team can be found [here].

Funding

Partners