[Chainb News Update] 19 Oct 2018 — B
Dear users,
This is the Chainb team.
The second subject for the second issue is the reasons why you should have SYNCO tokens.
On Chainb, there are markets traded based on BTC, ETH and SYNCO.
Then, what advantages can users enjoy if they own SYNCO tokens?
1. What is a SYNCO token?
- It is one of the key currencies of the Chainb exchange and SYNCO is a token symbol of SyncoChain.
- SYNCO, the token of SyncoChain, was sold out earlier than expected in Aug. 2018.
2. Referral system
- If you refer someone to the exchange, you can get some percentage of transaction fees generated from the trade he/she generated as a reward.
- The profits will be shared on a daily basis based on the transaction fees collected the day before.
- The rewards designated for the referrers will be in the same currency as the one used in the transaction.
For example, transaction fees and rewards on the SYNCO market will be collected and rewarded in SYNCO.
3. Discounted fees
- 0.1% of the traded amount will be charged as a transaction fee. However, if you pay the fee in SYNCO, you can get a discount up to 50% (details not decided yet).
- Until further changes are made, 50% of the transaction fees will be paid back to the users.
For example, when you trade 10,000 SYNCO tokens, 10 SYNCO tokens will be charged as a transaction fee and 5 SYNCO tokens will be paid back.
4. SYNCO token incentive system
- If you own a certain amount of SYNCO tokens, you can apply for a founder or a supporter.
- It’s a first come first served process with pending registration approval. 20% will be kept on the waiting list.
- Failure to keep up with requirements, one’s status will be lost. -> Next person on the waiting list will be awarded the relevant status.
5. Merits for holding SYNCO tokens
- You can use SYNCO tokens, one of the key currencies on the Chainb exchange, to access various services within the SyncoChain ecosystem.
- You can use SYNCO tokens just like cash when paying for services provided by SyncoPay, SyncoEvents or SyncoAcademy.
I hope this issue was helpful in guiding you through the merits of holding SYNCO tokens.
Chainb News Update is coming!
Chainb Team
Chainb News Update
volume1 issue 2 2018.10.19
