It has been far too long since we last looked at SYNC. A lot of development has been going on behind the scenes over the past few weeks, so it’s due time we check in and see what they have been up to. Care to join me?
Have you heard about SYNC’s new project yet? It’s called SYNCFund,which will serve as a SYNC Stability Fund. By staking 5-12% of its inventory , transaction and network speed is insured while also providing a base of support for the coin’s price.
As it stands right now, the SYNCFund holds nearly 100 SYNC; Considering there are not many SYNC in circulation (a little over 1,000 coins in total), this is a very nice base to keep the price stable. Very interesting indeed!
To throw some more numbers your way, if you add up the current value of the SYNCFund in Bitcoin value, it translates to 54 Bitcoin. The plan is to raise this to 300 Bitcoin, which would effectively allow for setting the SYNC trading floor at 1 Bitcoin per coin.
You can find out more about SYNCFund here : http://syncfund.com/Stability.pdf
A very nice PDF file talking about what SYNC exactly is, was published as well. SYNC is much more than a digital currency, it’s the most exclusive club in Crypto. There are some big plans in the works , so let’s do a quick recap :
– Travel rewards
– Mobile discounts
– Sponsored events
– Exclusive deals
SYNC is a passport that will open doors , reward again and again with real and tangible value. The principal is simple : save money while making money. Sounds very inspiring to me, but there is even more!
Several names of projects that will launch in the near future have been unveiled :
– Sync Foundation (http://syncfund.com/Foundation.pdf)
– Stability Fund (SYNCFund – http://syncfund.com/)
– Sync Club (let your imagination go wild)
– Sync Miles (travel rewards)
– Sync Tradeparty
– Sync Rewards
– Sync Whales (http://syncfund.com/Whales.pdf)
– Sync Kids (information will follow soon)
Original announcements : https://bitcointalk.org/index.php?topic=607919.8440 (page 423-424)
SYNC donations : SauTmm3eZnWkp3mRL4TxNiQc7zW6XAXzhx