SYNC Network Profile (SYNC)
Project Safety Score
Fri, Nov 26, 2021 10:29 AM
Projects in the decentralized finance space started utilizing stake and proof-of-liquidity mechanics to develop a trustless economy but fundamental flaws have held these projects behind. The SYNC Network addresses these problems and offers a workable solution through tradeable stakes bonding Uniswap liquidity pairs with a fully trustless ERC-20 token (SYNC). SYNC enables users to earn interest by staking a cyptographic bond to Uniswap liquidity pair tokens (Crypto Bonds). Crypto Bonds are an NFT (ERC-721) token with collectible attributes, accruing interest rates, and the ability to separately trade and speculate on them within a secondary market. SYNC Network works to bring stability and risk mitigation to decentralized finance by solidifying a guarantee on holding liquidity pairs for an extended period of time. The Sync Network can help build a needed, stable foundation for the DeFi space and a fully functioning, more robust trustless economy. -- The SYNC Network is composed of two main contracts: 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 investors. Despite being a long-term investment, Crypto Bonds do not share anything in common with traditional finance bonds. The name comes from the bonding of liquidity pairs and our own token. Crypto Bonds introduce proof of long-term position in DeFi liquidity pools, and will naturally strengthen the core of DeFi finance as a whole. They are a tradeable, long-term (90 days - 3 years) stake - bonding Uniswap liquidity-pair tokens together with SYNC. Deflation of the currency happens when Crypto Bonds are created, burning SYNC from the total supply. Using a Crypto Bond, an investor is able to lock liquidity-pair tokens with the corresponding dollar-to-dollar value in SYNC at some guaranteed interest rate of SYNC upon maturation. Dividend paying versions are also available. Therefore, this occurs in inflation, minting the principle plus interest. Crypto Bond Interest Rates SYNC balances itself through daily, self-correcting interest rates. Interest rates of bonds depends on three factors. 1. Total supply of sync in the market. 2. Duration of bond 3. Total bonded amount of that liquidity pair token Please see the full whitepaper and website https://www.syncbond.com for more information.
Read more in the whitepaper:
SYNC Network Smart contracts and audits.
Below are the available smart contract addresses and any associated contract audits.
SYNC Network Project Statement
Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.
Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.
SYNC Network Safety Report
SYNC Network has a safety score of 3.02
SYNC Network is a nano cap token.
SYNC Network is suited to a speculative investment style.
SYNC Network Profile
This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.
- bitcointalk thread
- tradingview profile
SYNC Network Red Flags
There are currently no SYNC Network red flags.
SYNC Network Development Score
The SYNC Network project has 4 active source code repositories.
The most recent commit was Tue, Aug 31, 2021 3:34 PM
- 3 Watchers
- 1 Star
- 3 Mentionable Users
- 0 Vulnerabilities
- No commits in the last 28 days
- daily repo updates
- no stars
- no watchers
- no mentionable users
- no repo stars
SYNC Network Sentiment Score
The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!
The more articles that are available to analyse, the more confident we can be about the score. If there is not a lot of data available on the internet to use, this should be a redflag as it can indicate that no one is posting or writing about this project.
- The overall sentiment is very positive
- Low number articles to calculate the sentiment
SYNC Network Community Score
The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on SYNC Network?
The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.
Overall SYNC Network has an poor community rating, small communities can be easily manipulated and bullied (banned from telegram, deleted from discord etc) into towing the project line. If a project is new and doesnt have a big active community then in general as the project grows the community score will increase.
- very high hashtag tweets
- poor reddit articles
- very poor gitHub account watchers
SYNC Network Awareness Score
The awareness score indicates how well SYNC Network is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the SYNC Network is but a good measure of longevity is how well the project is known by the general public.
Overall SYNC Network this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.
- very poor search result total
- very poor number of news articles mentioning SYNC Network
- very poor number of headlines about SYNC Network
- very poor number of SYNC Network YouTube videos
SYNC Network Credibility Score
The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?
- Young project age (released Nov 30, 2020)
SYNC Network Volume Score
The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag
- very poor USD 24hr volume
Red flags come in all shapes and sizes
At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.
You expect a level of transparency and professionalism from a project that is asking for your money.
There are all sorts of red flags which you should be weary of;
- 404 (missing) websites
- Expired SSL certs
- Malware/Hijacked sites
- Suspended Twitter accounts
- Private Subreddits
- SEC investiations
If you spot anything suspicious/resolved then please let us know.
SYNC Network Red flags
No red flags
No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.
How complete is this profile:
Some missing data points
This profile is still waiting for the following data points
- bitcointalk thread
- tradingview profile
Market Cap Rank:
Bulls v Bears:
SYNC Network Reddit
SYNC Network Github
SYNC Network Twitter
SYNC Network News
SYNC Network Launches 777 NFTs Merging a DAO with ...Thu, Nov 11, 2021 12:00 PM
P2P lending models being used for NFT-backed loansMon, Nov 8, 2021 12:00 PM
The First Financial NFTFri, Oct 22, 2021 4:00 PM
DUBAI, UAE / ACCESSWIRE / October 22, 2021 / The DeFi and NFT platform, SYNC Network, recently...read more...
O-RAN ALLIANCE Announces New Specifications, 3rd Global Plugfest and New Demonstrations of O-RAN Technology - Business WireFri, Oct 22, 2021 7:36 AM
Krypto Tydzień: 4 – 10 października 2021Fri, Oct 15, 2021 12:00 PM