Synchrony Tokenomics Published
The Synchrony token shall have the name $SCY and the total initial supply is 1,000,000,000.00 SCY and no more shall ever be minted. Synchrony believe DeFi is the future for finance, and more importantly, Synchrony will be one of the cornerstones of DeFi.
Building Synchrony has been a labor of love for the team. Although they have learnt a tremendous amount and applied that to developing the protocol and designing the overarching strategy necessary to execute the project, it would not have been possible without the help of its advisors, all of whom have guided the project from inception to delivery and will continue to do so into the future. To ensure that advisors maintain an interest that is aligned with the long-term goals of the project, advisory tokens will be vested on the same schedule as team tokens. 5% of the total supply of $SCY is allocated for advisors.
The most important part of any project is the community backing it. Investors come and go and often assist many projects thus limiting the attention they can give any one project; however, the community is what supports the project in the long term — helping to grow the community and driving the project forward. Synchrony want its community to feel just as special as its investors. As such, they endeavored to ensure that the ratio of public sale tokens was as close to 2:1 in their favor as possible. They also made sure that the token price didn’t outright favor private round investors — following a logical increase keeping in mind that there is no vesting period for public sale tokens. Thus, public sale tokens will have no vesting period — 100% of public tokens are unlocked upon TGE. 2.5% of the total supply is allocated for public sale tokens which will have an initial token price of USD 0.04.
Ecosystem
Ecosystem token allocation is to ensure and encourage a vibrant community. Ecosystem token allocation is specifically used to support partnerships, grants, and development programs. A longer time horizon was chosen to ensure that growth remains constant allowing Synchrony and its community to mature and foster innovative and meaningful partnerships. 12% of the total token supply is allocated for ecosystem growth vested over a twelve (12) month period with linear vesting.
Liquidity
Liquidity token allocation primarily serves the function of maintaining liquidity on centralized and decentralized exchanges — Synchrony plans to list on at least three (3) centralized exchanges as well as Raydium, Orca and Serum within two (2) months of TGE. 10% of the total token supply is allocated for liquidity vesting linearly over one (1) month.
Staking
Synchrony’s protocol accounts for staking with an initially inflationary model with a decreasing rate until a terminal floor is reached. This is necessary for rapid initial growth of the protocol and to bootstrap liquidity. 29.5% of the total token supply is allocated for staking vested linearly over a twelve (12) month period.
ABOUT Synchrony
Synchrony is a state of the art decentralized asset management platform utilizing a sophisticated suite of analytics and machine learning algorithms to evaluate and optimize sets of on-chain instruments producing single-click solutions for diversified exposure to an ecosystem’s primitives. The core features powered by the platform are copy-trading and composable indices, both facilitated by a friendly Defi Farmer’s market – a place to interact with the whole Solana blockchain from one location. It sounds complicated but Synchrony Simplifies Defi with A.I.
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