Usage of SYP
SYP will be used mainly in 6 ways: voting, farming, subscription, minting SAP, trading, and salaries for the board and community representatives.
▪ Voting: It has 1:1 voting rights in governance, and one can vote by oneself or by others.
▪ Farming: Only SYP is accepted in the early stage, then LP tokens of the exchange will be accepted. The output will be unlocked every week.
▪ Subscription: Staking to subscribe AI indicators in the early stage and burn mechanism will be introduced in the future.
▪ Minting SAP: Accept SYP to mint SAP.
▪ Trading: Take the fee and management fee as the valued endorsement, acting as the value medium in the market circulation.
▪ Salaries and rewards: Salaries of the board and community representatives will be paid by SYP. Also, SYP will be given as a reward for constructive proposals from the community.
Last updated