What is the SYNC Network?

What is SYNC Network

A Liquidity Supporting Platform.

SYNC Network brings Cryptobonds to the market place. Cryptobonds are a new type of Financial NFT’s (non-fungible tokens). This marks the beginning of a brand new asset class. Built as a platform to strengthen crypto as a whole. A wide variety of tokens are available to create Cryptobonds with. Earn SYNC on your long-term crypto holdings while strengthening the liquidity of that asset.
Cryptobonds can be TRADED.  Don’t want to wait for your bond to mature? sell them!  Or speculate and buy others’ CryptoBonds.

A New Synthetic Asset

CryptoBonds

Fully tradable Financial NFTs. CryptoBonds create incentive for existing and new users to strengthen decentralised liquidity pools. Liquidity pairs that are approved for CryptoBond creation have individualised liquidity mining reward rates that readjust daily based on that pools market supply and demand.

power of Crypto Bonds

Platform Benefits

Cryptobonds employ a unique crypto risk management strategy. By requiring Cryptobonds to be a minimum of 50% SYNC tokens. This increases the stability of the SYNC token and the liquidity pools associated with it.

ensure a Trustless Defi Future

Adaptive Smart Contracts

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.

Trustless Transfer The ability to transfer your Cryptobonds to another wallet address at only the expense of a GAS fee.

Trustless Trading. Decentralized trading of your Cryptobonds at market value.

Trustless Proof of Long Term Position. Cryptobonds provide an absolute baseline for a liquidity pool. Liquidity cannot be removed before the Cryptobonds maturation.

HOW IT WORKS

Best Features

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.

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CryptoBonds reward in SYNC

Supply and demand based mining reward rates. Rates readjust daily to meet supply and demand rates of the SYNC token total available supply.

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LONG TERM SUSTAINABILITY

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.

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CryptoBonds are TRADEABLE

Trading CryptoBonds brings a new speculative aspect to the crypto market place. A new way to trade while supporting the base market DEXs with liquidity.

WHAT YOU GET ?

Benefits

SYNC Network incentives strengthening of liquidity pools. The idea behind this is the more liquidity that is locked via Crypto Bonds directly correlates to more market certainty for users.

New dynamic way to trade while protecting liquidity

Traditional risk mitigation meets High Yield

Customise your Crypto Bond to your liking

Cross chain assets through the use of the REN protocol

Token Release

FAIR RELEASE SCHEDULE

Tokens are available to be minted daily for one year.

LAUNCH PHASE
Nov 2020-NOV 2021

360 Days

§300 Million tokens available for minting
  • Token Symbol SYNC
  • FRS LAUNCH NOV 30 2020
  • FRS ENDS NOV 2021
  • Specifications ERC-20 and ERC-721 tokens
  • CURRENT TOTAL SUPPLY See Here
  • FRS DURATION 360 days
  • Security CoinFabrik Audit
Read our whitepaper

Documents

For more information see the whitepaper linked below, or check out the one pager if you want the more infographic style explanation.

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Whitepaper (Release: Oct 26th)
TIMELINE

Road Map

2020 Q3
Concept
  • Concept Generation
  • Team Assemble
2020 Q3
Research
  • Proving the concept can work
  • Strategic Plan
  • White paper completion
2020 Q3
Design
  • Platform design and technical demonstration
  • Building the two contracts
SECURITY AUDIT
  • A secure contract is of the upmost importance
2020 Q4
Fair Release Schedule Starts
  • Crypto Bond Contract goes live
  • NFT Marketplace Opens