Syncus (SYNC): Challenging Conventional Financial Structures
What Is Syncus (SYNC)?
Syncus (SYNC) stands as a transformative project within the cryptocurrency realm, emphasising DeFi's potential to reshape financial interactions. This innovative venture is built around a treasury-backed ecosystem and designed to encourage sustainable growth and active user engagement through the Syncus (SYNC) token.
How Does Syncus (SYNC) Work?
Syncus leverages a novel financial model inspired by OlympusDAO focusing on growing its treasury without traditional bonding, which they identify as dilutive. Instead, Syncus introduces protocol taxes on transactions like buying and selling, channeling these funds to bolster the treasury and sustain high APY for stakers. This model aims to create an unending cycle of increasing demand and treasury growth, ensuring each SYNC token retains intrinsic value. The project redefines success by prioritizing stakeholder benefits and aims to develop a self-sustaining, treasury-backed ecosystem on the zkSync platform.
Syncus intends to innovate within zkSync's nascent ecosystem, focusing on simplicity and accessibility for all users, including those unfamiliar with crypto. Their goal is to harness first-mover advantage and develop interconnected products as quality offerings that will help boost zkSync's TVL.
Syncus' products are categorized into three segments: products for the Masses, which aim to replace those by traditional banking; offerings for SYNC Holders, including lending, borrowing, and staking to enhance liquidity; and products for the "Degenerate Gambling Youth", targeting young, risk-seeking demographic to capitalize on SYNC's market activity. This diversified approach aims to establish a product monopoly, driving sustainable profitability and growth while supporting long-term holders through reinvestment in the ecosystem.
SYNC Goes Live on Bitget
SYNC is listed on Bitget in the Innovation Zone and the DeFi Zone.
How to Trade SYNC on Bitget
Step 1: Go to SYNC spot trading page
Step 2: Enter the amount and the type of order, then click Buy/Sell.
Trade SYNC on Bitget now!
How to Join SYNC Promotion on Bitget
SYNC has two promotional events that allow participants to get FREE SYNC TOKENS! Details are provided below:
Event 1: Deposit SYNC to share 280,000 SYNC!
From March 21, 2024 at 11:00 AM to March 28, 2024 at 11:00 AM (UTC), you'll be automatically qualified for a 10% rebate from a prize pool worth 280,000 SYNC if you deposit at least $50 in SYNC on Bitget! Rewards are capped at 2,000 SYNC per participant and will be distributed on a first come, first serve basis.
Event 2: Earn SYNC on Bitget Earn for up to 60% APR!
For any users who want hold SYNC for long-term returns, check out Bitget Earn and subscribe to the new SYNC vault to enjoy up to 60% APR on your SYNC holdings!
Take part in the SYNC promotion today!
Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
