Welcome to Sypool
  • Introduction
  • Risks and Disclaimer
  • 🤖AI-TradeGenius
    • 🦾Invite-only Indicators
      • 📈Trend Sentinel Barrier
      • 📊KD Momentum Matrix
      • 🛡️Defensive Nexus Shield
      • 📜Free Trial Application
      • 🔓How to visit the subscribed indicators
    • 📋Public Indicators
      • 💰Mega Buying Force
      • 🐋Whale Trend Analysis
      • ⛰️Momentum Eruption
      • 🧐How to use public indicators
    • ⏰How to set the signal alert
    • ❓FAQ
  • 🕵️Research Lab
    • Research Reports
      • FTT 17/11/2023
      • ARB 21/11/2023
  • Methodology
    • Smart Contract Framework
    • SAP
    • Different types of SAP
    • Risk Control
    • Usage of SAP
  • Governance Token, SYP
    • SYP Token Distribution
    • Usage of SYP
  • Governance Model
    • Governance Model
  • Future Plans
    • Roadmap
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  1. Governance Token, SYP

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.

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Last updated 1 year ago