Price (USD)$ 0.1162
Circulating SupplySYS 671.45365M
Volume (24h)$ 2.51558M
Market Cap$ 78.20026M
Low/High 24h$ 0.1146 - $ 0.1176
Change (24h)-$ 0.000228
Syscoin (SYS) is a universal project because it is simultaneously a blockchain-platform, a reversible token, a cryptocurrency, an altcoin, a global network, and a database.
Syscoin supports a wide variety of markets, from commercial markets to completely decentralized ones. A user can sell anything directly on the Syscoin blockchain, or create a website for his business, using Syscoin's infrastructure.
It is also possible via blockchain cryptography to issue any form of digital documents on Syscoin platform. This allows the creation and free exchange of any type of digital assets, such as software licenses, diplomas, tickets, ownership certificates, guarantees, etc.
The project's conception was proposed in April 2014 by Dan Wasyluk a.k.a. danosphere, a user of the Bitcointalk forum. Syscoin was co-founded in Toronto, Ontario, Canada by Sebastian Schepis and his colleagues in July, 2014. Later the team released updated versions of Syscoin: 2.0, 2.1, etc. Syscoin 4.1 is the current iteration of the Syscoin Protocol.
Syscoin announced its ICO on April 16, 2014. The presale started on July 19, 2014. The ICO was greatly successful bringing in 1,500 BTC, of which 250 were used to promote the platform. A broker Ryan Kennedy (known under the pseudonym Alex Green) stole the remaining 750 Bitcoins. As a result, the development of the project was practically frozen until 2016.
In August 2016, the Syscoin team registered Blockchain Foundry Inc headquartered in Burnaby, British Columbia, Canada. The Blockchain Foundry develops commercial blockchain-based solutions for private individuals and companies.
In December 2017, the company received $3.3 million from private investors for the development of the project.
Syscoin has built a unique Syscoin Bridge to Ethereum. It permits Ethereum developers to maintain a presence on both the Syscoin network and the Ethereum network, moving ERC-20 tokens between two platforms; in the process, they can use the scalability and high transaction throughput that Syscoin offers. Conversely, Syscoin developers can transfer a Syscoin Platform Token (SPT) into an equivalent ERC-20 token, using Ethereum features.
Running on the Dash code, Syscoin Masternodes offer high transactional throughput (about 300 thousand per second, which is 5 times more than that of Visa), easy access to governance, and bonus rewards based on node seniority.
With Syscoin Platform Tokens (SPT) anyone can create their own cryptocurrency tokens on the Syscoin Platform.
Due to Z-DAG (Zero Confirmation Directed Acyclic Graph) and the masternodes, the current TPS (transaction rates per second) rate gives the Syscoin platform a considerable advantage over other blockchain-platforms.
The fees for trading Syscoin platform tokens or assets are very low, making it suitable for various use cases such as point-of-sale transactions.
SYS tokens have the following usage scenarios:
New Syscoin 4.2 version will include the following features:
Today Syscoin price is 0.1162 USD. The best way to exchange your coins to SYS is StealthEX. It’s a super-friendly, non-custodial and limitless cryptocurrency exchange platform. So if you already have savings in crypto and wish to invest in SYS coin, just go to StealthEX and follow these easy steps:
Take a look at the StealthEX AMA recap with Syscoin crypto: is Syscoin a good investment and how to buy SYS coin crypto?
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