Advantages of SynAssets
Below are the advantages of SynAssets;
● Fair Launch
SynAssets is a fair startup project with no VC investment. SAT (SynAssets Token) is issued by IDO (Initial Decentralized offerings).
Anyone can participate in the initial offering. At the same time, it adopts the DeFi method, so that people across all time zones from all over the world can be a part of it (except for countries and regions which prohibit transactions of crypto currencies.)
● (5,5) consensus
(5,5) is the idea that, if everyone cooperated in SynAssets, it would generate the greatest gain for everyone (from a game theory standpoint). Currently, there are five actions a user can take:
If we both Stake & Stake(5, 5), it is the best thing for both of us and the protocol (5+5=10).
If one of us Stake and the other one invite,it is also great because staking takes DAO token off the market and put it into the protocol, while invite more consensus participants to join(5 + 4 = 9.
If one of us Stake and the other one bond,it is also great because staking takes DAO token off the market and put it into the protocol, while bond provides liquidity and Matic or DAI for the treasury(5 + 3 = 8).
If one of us Stake and the other one deflation,it is also great because staking takes DAO token off the market and put it into the protocol, while deflation reduce token circulation(5 + 2 = 7).
When we both sell, it creates the worst outcome for both of us and the protocol (-5 - 5 = -10).
● Synthetic Assets (sAssets)
SynAssets will bring a consensus synthetic asset ptotocol with high liquidity, no liquidation risk, and completely decentralized due to bring consensus into the world of synthetic assets. SynAssets will launch sBTC, sMATIC, sETH, sAAPL, sAMZN according to community opinions.
At that time, we will enter a brand-new word of consensus synthetic assets. And meanwhile, we will integrate the crptocurrency market with the traditional financial market.
● Consensus Aggregation Network
Israeli anthropologist Yuval Noah Harari clearly pointed out in his book of Sapiens: A Brief History of Mankind that Homo sapiens could defeat Neanderthals so as to create a modern civilization through imagination-aggregating consensus.
Based on the Olympus algorithm, we will put the funds drawn from the Treasury into the consensus aggregation pool,so that the inviter can get rewards by inviting others to join.In this way, we will encourage to gather more consensus participants, and continuously launch new consensus-based sAssets according the demand of the market.
In the end, thanks to the jointly efforts of all consensus participants, SynAssets will become the largest consensus network in the world.
● Deflation Mechanism
Meme tokens are popular in the world thanks to the introduction of the mechanisms of deflation and protocol-controlled liquidity.
That is the reason of the Shibi miracle. SynAssets will introduce such a mature mechanism in order to further build the consensus.
Every token issued by sAssets will be governed by the deflation mechanism of Meme coin.
Every transaction will be charged a tax of 8% (specific parameter governance), which will be automatically put into the liquidity pool. And LP will automatically donate to the Treasury.
● High Security
In order to improve SynAssets security, firstly all SynAssets codes will be open on GitHub, so that all users can supervise and verify, and professional auditors will be invited to conduct security audits.
SynAssets will adopt a multi-signature wallet where 1 key will be kept by one elected community administrator, 1 key by either of the member of the market team or financial team that is early consensus participants, and 1 key by the best community contributor.
In the later stage, community members may propose to add more safe keepers for the multi-signature wallet.
In this way, there will never be risks of rug pulls.
You can learn more about SynAssets by clicking below