Sync (SYNC)

Basics

• Started in / Announced on: 2020 Q3
• Based in:
• Mainnet release: 2021 Q1
• From their website (18-2-2021):

"SYNC Network incentivizes liquidity providers with tradable yield generating NFTs called CryptoBonds for locking up their liquidity pool tokens."

Token

Token Allocation

• From their website (18-2-2021):

"When a Crypto Bond is created the SYNC tokens contained within are removed from total supply. Upon maturation of the Crypto Bond the SYNC tokens are re-minted, along with the earned SYNC reward."

Technology

• Whitepaper can be found here (30-11-2020).
• Code can be viewed here.
• Built on: Ethereum, ERC-20 and ERC-721 tokens.

How it works

• From their website (18-2-2021):

"The SYNC Network is a two-contract project, composed of the SYNC (ERC-20) contract and the Crypto Bond ERC-721 contract. SYNC tokens have an undefined total supply with inflationary and deflationary attributes through the interactions with Crypto Bond creators.

At time of creation, a Crypto Bond takes equal dollar amounts of liquidity provider tokens from Uniswap and SYNC tokens and locks them into an ERC-721 Non-Fungible Token (NFT).  Periodic Crypto Bonds can be created to produce periodic rewards for bonds 1 year or longer, Simple Crypto Bonds only produce the SYNC rewards upon maturation although may have higher reward rates. Term Crypto Bonds are available in 90 day, 180 day, 1, 2, & 3 year time durations. If a Periodic CryptoBond is chosen, it allows the withdrawal of a quarterly payment of SYNC any time after each 90-day time period is up. When a CryptoBond matures, liquidity tokens are returned and all Uniswap fees are still the holder’s to keep."

Roadmap

• Can be found here (18-2-2021). There is no roadmap beyond the launch of their core product, which has is live now.

Audits

• Bug bounty program can be found [insert here].
• Has an audit done by CoinFabrik (13-11-2020);

"Overall the project does not seem to present security issues, however some small mistakes were found that could have been avoided by paying more attention to the code, writing more tests and using static analysis tools. The team was helpful with the documentation provided and they were quick to provide the fixes to the items presented in this document."

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].

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