Synapse protocol (SYN) has continued to penetrate the cryptocurrency space, making it user-friendly and accessible, with guides available on
buying SYN. The protocol has caught the interest of investors and traders, disrupting traditional financial systems by providing a decentralized derivative platform through its
SynFutures. A foundation and governance token have been put in place, setting the stage for a more decentralized process. This is boosted by an F token airdrop and plans for a full-stack
onchain financial infrastructure.
SynFutures was backed by major players such as Pantera, Susquehanna, and HashKey who invested $22M in funding. With seed financing of $3 million, another blockchain project, Synota, also received support. In a bid to foster transparenct and secure partnerhsips, SYN CITY, a Mafia metaverse, announced collaboration with OKEx Blockdream Ventures. However, there was a backlash from SYN's community when Nima Capital dumped 9M SYN tokens.
Syn's momentum saw its token price surge by 44% as it continues to climb towards achieving its vision of $2 mark for SYN price. However, this journey was not without obstacles as Synapse
Liquidity Provider recently shocked the market by dumping 9 Million SYN Tokens causing a price plunge of 20%. Despite the shock, Synbit is determined to provide synthetic assets to build a more comprehensive income market to
boost DeFi.
SYN Coin News Analytics from Thu, 30 May 2019 05:44:46 GMT to Wed, 12 Feb 2025 18:08:03 GMT -
Rating 7
- Innovation 8
- Information 6
- Rumor -1
