SYNC Network profile
SYNC Network Profile (SYNC)
Score: 3.02 | Poor
Speculative Nano Cap
Project Safety Score

Fri, Nov 26, 2021 10:29 AM

Score 3.02
Rating Poor
Market Cap $3550460.1667195
24hr Volume $69411.11901985
Price $0.029182094170584
Review

SYNC Network

token

Ethereum

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:
https://syncbond.com/sync_whitepaper

SYNC Network Smart contracts and audits.

Below are the available smart contract addresses and any associated contract audits.

ETH: 0xB6ff96B8A8d214544Ca0dBc9B33f7AD6503eFD32

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.

Full Report

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.

Missing Data:
  • bitcointalk thread
  • tradingview profile
  • exchanges

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
Highlights:
  • 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.

Highlights:
  • 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.

Highlights:
  • 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.

Highlights:
  • 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?

Highlights:
  • 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

Highlights:
  • 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.

SYNC Network Exchanges
SYNC Network Explorers
SYNC
Member Ratings (SYNC)

--/5

0 reviews
Ratings and reviews left by our members do not impact the profile score.
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Do you think SYNC Network is a scam project which will disappear in a rug pull in the next few months or do you think SYNC Network is here to stay?

And more importantly let us know your experience and warn others if you have noticed something suspicious.

81.25%

Complete
Profile Status

How complete is this profile:

Some missing data points

This profile is still waiting for the following data points

  • bitcointalk thread
  • tradingview profile
  • exchanges
Member Signals

--/5

(no reviews)
Member Ratings
Market Cap Rank:
1491
Voted:
--
Bulls v Bears:
neutral
Is Trending?
Member signals do not affect the profile score.
SYNC Network Reddit
SYNC Network Github
SYNC Network News
  • SYNC Network Launches 777 NFTs Merging a DAO with ...

    Thu, Nov 11, 2021 12:00 PM

    ...

    read more...
  • P2P lending models being used for NFT-backed loans

    Mon, Nov 8, 2021 12:00 PM

    ...

    read more...
  • The First Financial NFT

    Fri, Oct 22, 2021 4:00 PM

    DUBAI, UAE / ACCESSWIRE / October 22, 2021 / The DeFi and NFT platform, SYNC Network, recently...

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  • O-RAN ALLIANCE Announces New Specifications, 3rd Global Plugfest and New Demonstrations of O-RAN Technology - Business Wire

    Fri, Oct 22, 2021 7:36 AM

    ...

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  • Krypto Tydzień: 4 – 10 października 2021

    Fri, Oct 15, 2021 12:00 PM

    ...

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