Syntrum token is the native token of the Syntrum blockchain and ecosystem. It has the following information:
Total Supply: 500,000,000
Syntrum (SYT) has the following main use cases:
SYT tokens serve as a means of payment for transactions within the Syntrum network, they are used to incentivize network nodes to validate blocks on the Syntrum blockchain network, thereby preserving network decentralization.
Holders and stakers of SYT unlock more features on the Syntrum ecosystem. Also, users can access our permissionless protocol by either subscribing or locking a specified amount of SYT.
SYT provides access to various services, products, and features within the Syntrum ecosystem, enabling users to utilize the platform's technology and advanced features.
SYT can be used to participate in decentralized governance and decision-making processes within the Syntrum ecosystem, giving token holders a say in the direction and development of the network.
Other use cases for the Syntrum token include:
SYT serves as a medium of exchange on the Syntrum ecosystem's peer-to-peer NFT marketplace and game hub.
SYT serves as a reward for users who participate in the network's staking consensus mechanism, contributing to network security. It is also used to reward users of Syntrum's dApps, including play-to-earn and staking dApps.
The token sale allocation is further allocated as follows:
- IDO Allocation: 20% released at TGE, and the remaining tokens are released over a 5-month period, with 16% released each month.
- Seed/strategic Investors Allocation: 10% released at TGE, and the remaining tokens are locked up for 3 months, then released over an 18-month period, with 5% released each month.
- Team Allocation: No tokens are released at TGE. There is an initial lockup period of 5 months, after which the tokens are released gradually over a 50-month period, with 2% being released each month.
Disclaimer: The use cases of the Syntrum token listed above do not indicate investment value as a whole, in part, or individually.