More interesting news is coming from the SYNC developers. Or to be more precise, this interesting news is in regards to SYNC Fund, which is the SYNC Stability Fund. Most interesting indeed, so you might want to keep reading!
The idea behind the SYNC Fund is to have people send their coins to the SYNC Fund wallet. These funds will be used for staking purposes , as 5-12% of the inventory will be staking. In turn, this process ensures both transaction and network speed.
Even though all of the above are well-known facts, what is the interesting bit then? Well, the SYNC Fund now also possesses alternative holdings. If you have no idea what this means : the SYNC Fund also stakes coins which are not SYNC.
The digital currencies in questions are interesting picks : VeriCoin, ZetaCoin, Minerals and VootCoin. Three of those four are covered here on CryptoArticles on a regular basis. ZetaCoin is something we are planning to do an article on somewhere this week.
These alternative Cryptos will be bought, held for staking and then sold on a high. The profits generated from these digital currencies will be used to purchase more SYNC from exchanges. I told you it would be interesting!
We will keep an eye out for any further updates and/or announcements in regards to more alternative Cryptos becoming part of the SYNC Fund.