Syndicate (SYNX) is a currency that offers rewards to users, in return for collecting and holding the coin. Users can also mine coins. One of the unique aspects of the currency is that users are not allowed to sell the coins. Even if some users do sell the coins they find their way back to the community pool. The goal is to ride on the demand-supply economics, and to inflate the value of the coin by making it difficult for the coins to be easily accessed. Coins can be sold after due consideration, subject to limitations.
The first goal is to use the power of the community to boost the value of the coin. It is common knowledge that the scarcer the product, the more it gains in value. Therefore, the Syndicate offers encouragement to the community of users to not sell the coins. Instead, users can earn rewards on holding the coins. There are other ways also that users can earn on the currency. If the coin value goes up, some of the coins may be released for sale.
There are two ways for users to get the currency. The first would be to purchase coins through ICO. The second would be to mine coins, once the user has a sufficient number of coins. Users get to run a master node, once they have a set number of coins and thus mine more coins. Users who hold the coins are known as HODLERs and they are able to earn commissions on the coins they hold. Syndicate is linked with product management using bar coding. This is therefore, useful for businesses and customers. The wallet can be downloaded to Windows and Linux systems.
Among the more distinctive features of the currency is Masternodes. This allows users to mine the coins, provided they hold a set number of coins already. This offers even more incentives for the user to not sell the coins. Also, the user can earn more coins, over the bonus offered on holding the coins.
The value of the coin depends on the efforts made by the community to hold on to the coins. As such, for users who want to be part of the community effort, Syndicate offers a good choice. The goal is to ensure that the coin moves up in value, by not letting it circulate freely outside the community. Once the coin gains value, coins may be sold in correct amounts. In the meantime, users get to earn commissions on the coins they hold.
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