Live SYN price analysis
Synapse’s current real-time price is $0.7045and its trading volume is equal to US$2,861,459 in the last 24 hours. SYN price has grew by
0.93%
on the last day and decreased by
2.41%
in the last 7 days. It is important to note that Synapse’s current market capitalization is US$130,488,725and the maximum offer is 250,000,000 SYN coins. Speaking of working resources, SYN has 185 227 670 coins. Synapse’s current market rating is #303.
Synapse price today
85.95%
below
always on top and that’s it
162.49%
higher
always at a low level.
All data and prices are updated in real time. The most active and popular exchanges for buying or selling SYN are Binance, Kucoin & Kraken. Find more cryptocurrency exchange options on our Cryptocurrency exchange tracker. The most secure hardware wallets to store your cryptocurrency: Ledger And Trezor.
What is a synapse?
The Synapse token, or SYN, is a utility token that supports the Synapse protocol. The latter represents liquidity network which works between chains.
It has three main use cases. First, SYN serves control token. This means that it gives SYN owners voting rights in the Synapse DAO. Holders must have at least 50,000 SYN tokens to submit their own proposal.
Secondly, the Synapse token is paid out liquidity providers How reward. Liquidity providers play a key role in ensuring the long-term growth of a project.
Thirdly, Synapse coin functions as subsidy This is a fee for the security of transactions on the Synapse network.
Additionally, SYN is a native token Synapse circuit, which is currently in development. This means that SYN will also be used for cover the transaction fee.
The total supply of SYN tokens is 250,000,000. This allows the price of SYN to rise as Synapse tokens become increasingly scarce. They were distributed as follows:
- 62% – SYN Genesis giveaway;
- 26.8% – Future distributions;
- 7.9% – Liquidity providers;
- 2.2% – liquidity owned by the Synapse protocol;
- 1.2% — Synapse DAO loan to market makers.
The Synapse token, like many other cryptocurrencies, is volatile. Therefore, it is very important to do your research before making a purchasing decision. You can start by checking the SYN price history and the current Synapse price in the chart above.
What are the main features of a synapse?
As mentioned in What is a synapse section, is an inter-chain liquidity network that enables transactions and exchanges between different blockchains.
AMM synapse is an integral part of the Synapse network. It is responsible for converting the asset’s liquidity into tokens that are exclusive to the chosen blockchain.
Synapse works using multi-party validators with a threshold signature scheme or TSS.
The team is currently working on Synapse Chain, which will be secured using Proof of Stake (PoS) consensus mechanism. One of the main goals of Synapse Chain is to provide infrastructure for creating cross-chain applications.
Who developed the synapse?
The core team of the Synapse crypto project decided to maintain their anonymity.
What is Synapse’s trading volume in the last 24 hours?
SYN has trading volume US$2,861,459 in the last 24 hours.
What is the highest price for Synapse?
SYN has the highest price US$5.01which was achieved at October 23, 2021 (2 years 4 months ago).
What is the lowest price for Synapse?
SYN has the lowest price US$0.2684which was achieved at October 09, 2023 (4 months 2 weeks ago).
Which exchanges are best for buying and selling SYN?
Currently the most active and dominant exchanges for buying and selling Synapse are Binance, Kraken & Kucoin. The most popular Synapse trading pairs SYN/USDT
(on
Gate.io
),
SYN/USDT
(on
DigiFinex
),
SYN/USD
(on
Kinbase
). Go to Catalog of crypto trades to access customized and exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.
Which hardware wallets are the most secure for storing SYN?
According to the process of in-depth analysis and testing, Ledger And Trezor are one of the most secure and popular hardware wallet options for storage Synapse. For exclusive discounts and promotions on the best crypto wallets, visit Catalog of crypto trades.
Synapse related pages
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
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Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
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Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
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