💲Tokenomics
Last updated
Last updated
SyncHub operates on a core token, $SYNH, which serves as a fundamental component of the platform's ecosystem. Understanding the tokenomics of $SYNH is essential for comprehending its role within SyncHub and its broader implications for users and stakeholders.
Overview of $SYNH Token: The $SYNH token is designed to facilitate transactions, governance, and value exchange within the SyncHub platform. As a utility token, $SYNH plays a pivotal role in accessing platform features, participating in governance decisions, and incentivizing user engagement.
Distribution Structure:
90% DEX: The majority of $SYNH tokens are allocated to decentralized exchanges (DEX), facilitating liquidity and enabling users to acquire tokens for platform usage.
5% Rewards: A portion of $SYNH tokens is reserved for rewarding users who contribute GPU power to the platform, ensuring a fair distribution of incentives.
5% CEX Listing: A percentage of $SYNH tokens is allocated for listing on centralized exchanges (CEX), enhancing accessibility and liquidity for users.
Subscription Model and Token Utility: SyncHub employs a subscription model where users pay for platform access using $SYNH tokens. This model ensures continuous token utilization and stimulates demand, thereby contributing to the token's value appreciation. Additionally, $SYNH serves as a governance token, allowing users to participate in decision-making processes and shape the future direction of the platform.
Token Circulation Strategy: SyncHub implements a sustainable circulation strategy aimed at maintaining platform growth and rewarding participants:
Taxation on DEX Trades: A 5% tax on each decentralized exchange (DEX) trade contributes to the Marketing & Development wallet, supporting platform enhancements and promotional activities.
Staking Rewards: Stakers are rewarded with a competitive Annual Percentage Rate (APR), incentivizing token holding and participation in the platform's ecosystem.
Subscription Revenue Allocation: A portion of subscription revenue is allocated to various stakeholders, including Marketing & Development and GPU Nodes Providers, fostering ecosystem growth and sustainability.
Understanding the tokenomics of $SYNH is crucial for users, as it governs platform access, incentivizes participation, and drives value creation within the SyncHub ecosystem. As SyncHub continues to evolve and expand, the $SYNH token will remain at the forefront of its operations, powering innovation and fostering community collaboration.
