SYS, or Syscoin, is a decentralized, open-source cryptocurrency that's been around since 2014. It's focused on providing a scalable and secure platform for various use cases.$SYS
Key Features:
1. Scalability: Syscoin uses a unique merge-mining approach with Bitcoin.
2. Security: It employs a Proof-of-Work (PoW) consensus algorithm.
3. Decentralized Marketplace: Integrated marketplace for buying and selling goods.
4. Decentralized Storage: Secure storage solution.
Token Details:
- Token Name: Syscoin
- Token Symbol: SYS
- Blockchain: Syscoin Blockchain
- Token Standard: Native
- Total Supply: 888 million SYS
- Circulating Supply: 531 million SYS
Current Stats:
- Market Cap: $43 million
- Price: $0.081
- 24-hour Trading Volume: $200,000
- All-time High: $0.98 (January 2018)
- All-time Low: $0.01 (March 2020)
Use Cases:
1. Decentralized marketplace
2. Decentralized storage
3. Gaming
4. Non-fungible tokens (NFTs)
5. Decentralized finance (DeFi)
Partnerships:
- Microsoft
- Blockchain Foundry
- SingularDTV
Advantages:
- Scalable and secure
- Decentralized marketplace and storage
- Strong partnerships
- Long-standing project
