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SynCoin

Stake, play, trade and have fun

SynCoin (SYN) is the cryptocurrency that, staked on T.R.I.N.C.I.® blockchain, allows to participate in the distribution of the fees generated by the interaction between the on-chain Orderbook and Synkrony® Exchange.

SynCoin and proof of play

Every interaction between the On-chain Orderbook and Synkrony® Exchange generates a fee, which is redistributed to the Stakers of SynCoin according to the rules of Proof of Play (POP).

POP is the consensus algorithm that validates the trades within the On-chain Orderbook used by Synkrony® Exchange. It is set up as a game exclusively for the Stakers (players) of SynCoin.

This process uses a smart contract called D-Rand, designed to randomly select a player among all the Stakers involved in the game at that precise moment.

The greater the number of SynCoin staked by the player, the higher the probability of being selected by D-Rand 

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How it works

There are 1,000,000,000 SynCoin (SYN) available for purchase and staking through the features offered by Synkrony® Exchange.

Every trade recorded on the On-chain Orderbook via Synkrony® Exchange is validated through the POP, which generates a draw that assigns to the selected player 100% of the transaction fees in the currency involved in the exchange

E.g., if a user is selected to receive the commission from a BTC/SYN trade, they will receive the amount in Bitcoin. If a user is selected to receive the fees from a SYN/Euro trade, they will receive the amount in SYN.

Start to play now!

Buy SynCoin on Synkrony® Exchange

Stake your SYN

Participate in the Proof Of Play

Get 100% of a transaction's fees directly in your wallet

Flusso POP

Real-time stake explorer

The verification of stake positions can be done by viewing the pie chart on the dedicated page within Synkrony® Exchange.

Affidaty S.p.A. makes available 49% of the total SynCoin, committing never to stake more than 30% of the amount of SynCoin held.

User Account ID
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The data presented in the chart and the account IDs of the staking participants do not correspond to the actual Stake data, and are to be understood as an example of distribution and presentation mode on the page for the user.

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Advantages of SynCoin

SynCoin represents the will of Synkrony® Exchange to share with its users the results derived from trading activities.

Every holder of SynCoin can:

Become a player, participate in POP, and obtain new assets

Trade SynCoin in the market

Use SynCoin as a payment method within an expanding community of merchants

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General information

  • Neither Affidaty S.p.A. as the developer of Synkrony® nor third parties will ever have access to the SynCoin staked by other Stakers.
  • There is no time or quantity constraint in staking SynCoin; they can be staked and removed at any time and in any amount.
  • Staking SynCoin incurs no fees and no deductions during all phases of the game.
  • The game does not accrue any type of interest, neither passive nor active.
  • Each draw is managed by the D-Rand smart contract in a completely disintermediated and automated.
  • Affidaty S.p.A. makes available 49% of the total SynCoin, committing never to stake more than 30% of the amount of SynCoin held.

FAQ

  • You can keep it and earn on transaction fees depending on the assets owned;
  • Exchange or trade it on Synkrony;
  • Buy products and services online or in-store at affiliated merchants.

SynCoins are listed and quoted on Synkrony® Exchange and can be purchased by credit card, debit card or bank transfer or can be exchanged for other digital assets within the platform.

The SynCoin is the native crypto of the Synkrony® circuit, launched in early 2022 to tokenize industrial property rights in the ecosystem. Issued in 1 billion units, representing in stake 100 percent of the royalties triggered by fees charged on all Synkrony® Exchange transactions.

Synkrony is a defi infrastructure designed for crypto and blockchain businesses.

Synkrony means:

  • Trading relevant crypto available on the market, as well as tokens and coins created with T.R.I.N.C.I.®;
  • Pay components for online and offline businesses interested in selling their products for crypto while still accepting credit cards;
  • High value-added services for crypto and token listing projects developed with T.R.I.N.C.I.® or with other blockchain technologies;
  • NFT marketplace for trading and sharing digital art created with T.R.I.N.C.I.®.
  • Yes, to buy SynCoin you must first complete level 1 of our KYC verification procedure. You can do so by filling in the form with the necessary information and by attaching relevant documents on your Synkrony profile section.

    By purchasing SynCoin and voluntarily opening a staking position you are entitled to participate in Synkrony® Exchange's Proof Of Play, or the innovative system of distributing the platform's royelties to all stakers. These royalties represent the commissions applied to transactions and for each transaction processed Proof Of Play randomly elects a staker to whom 100% of the management fees are allocated.

    The allocated fees are in the currency of the transaction processed, so if a staker is elected to process a BTC transaction, the fees are allocated in BTC and so for every other currency. This makes it so that a SynCoin staker can get several coins if he is elected by Proof Of Play.

    After buying SynCoin, you can open a stake position by following the platform’s guided procedure. You can easily and quickly modify stake positions at any time through the management panel. If you decide to un-stake your assets, the POP algorithm will automatically rule you out.

    SynCoin, as well as other staked assets, follow the rules of the POP algorithm. By opening a stake position, your assets get locked up in special wallet called #SYNKRONY. This wallet handles all of the smart contracts, all of the stakers and any transaction fee on Synkrony Exchange.

    Stakers are drawn by the Synkroulette smart contract according to Synkrony’s native function DRAND.

    SynCoin and the smart contracts regulating its operation have been developed following a hyper secure cryptographic protocol provided by T.R.I.N.C.I.®. Through this decentralized protocol, each SynCoin can be staked by the user in order to take part in the POP mechanism. Any operation involving SynCoin should be carried out under SynCoin terms and conditions.

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