Cryptocurrency Q&A
What is SYN coin?
What is SYN coin?
Davide
Thu Nov 07 2024
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7 answers
1055
SYN coin is the native token of the Synapse network, a decentralized cross-chain infrastructure. It is used for paying transaction fees, participating in liquidity mining, and governance within the Synapse ecosystem. With a max supply of 250 million coins, SYN aims to facilitate secure and interoperable transactions across multiple blockchain networks.
7 answers
Riccardo
Sat Nov 09 2024
This protocol not only facilitates asset swaps but also earns yield for its users.
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Alessandra
Sat Nov 09 2024
Additionally, SYN tokens serve as a reward mechanism for network liquidity providers.
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Margherita
Sat Nov 09 2024
The functionalities of Synapse extend beyond basic bridging and swapping.
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CryptoDynasty
Sat Nov 09 2024
Holders of SYN tokens can actively participate in the governance of the protocol.
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Chiara
Sat Nov 09 2024
SYN represents an Ethereum token that fuels Synapse.
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