FAQ part 1

SYNCO
SYNCO
Published in
4 min readSep 17, 2018

Q. What was the price per SYNCO token during the token sale?

- First pre-sale: 1 SYNCO = 0.0067 USD

- Second pre-sale: 1SYNCO = 0.01 USD

- ICO: 1SYNCO = 0.0125 USD

Q. Where can I find SYNCO’s whitepaper?

Please refer to the following link:

https://syncochain.io/static/common/images/wp/SyncoChainWP_v1.5.pdf

Q. As far as I know, out of the total supply of SYNCO tokens of 13 billion, 6.5 billion was sold during the token sale. What about the rest 6.5 billion tokens? Will they be mined through trading?

Please take a look at the following page which is taken from SYNCO’s white paper.

Q. Has the SYNCO token distribution finished?

Yes, the token distribution has completely finished and all private, pre, and public sale participants have received SYNCO tokens.

Q. How can I add SYNCO token to My Ether Wallet?

1. Token Contract Address

0x2dfd9060bcb9146c2a02e00a776dcaeeae3cff44

2. Token Symbol

SYNCO

3. Decimals

18

You need the aforementioned information to add the SYNCO token to your wallet and please refer to the following link for a more detailed introduction.

https://medium.com/synco/how-to-add-custom-token-syncochain-f3f3cabf91b9

Q. When can I transfer SYNCO tokens to my ChainB wallet?

SYNCO tokens are locked at this point which means they cannot be transferred. There will be an additional announcement letting the token holders know when they are unlocked.

Q. Is off-exchange trading possible?

Tokens cannot be traded at the moment as they are locked. Synco does not take responsibility for over-the-counter trading between individuals. OTC trading is not recommended on any account as it bears a risk of being fraud.

Q. What is the initial circulating supply?

Out of the total supply of 13 billion SYNCO tokens, 8 billion 788 million tokens will be circulated initially. The amount includes 6.5 billion tokens which were sold during the ICO and the amount reserved for marketing and SyncoPool.

Q. I’d like to know Synco’s official social media channels.

Synco Blog: https://medium.com/synco

SyncoChain Blog: https://medium.com/syncochain

SyncoChain Facebook: https://www.facebook.com/SyncoChain/

SyncoChain Twitter: https://twitter.com/SyncoChain

SyncoChain Instagram: https://www.instagram.com/syncochain/

Q. What is Synco’s official online chat room?

Telegram: https://t.me/SyncoChain

Q. Where can I find the terms and agreement and whitepaper for ChainB exchange?

The terms and agreement will be released upon the grand opening of ChainB and the white paper for Synco includes a description of ChainB so please take a look at Synco’s whitepaper for further information of ChainB.

Q. When will ChainB open?

It will open in September after a beta-service offering.

Q. How will ChainB market operate?

ChainB will have BTC, ETH and SYNCO-based markets.

Q. Will SYNCO be listed on ChainB?

Yes, as soon as ChainB opens, SYNCO will be listed.

Q. How can I buy SYNCO tokens?

It was possible to buy SYNCO tokens during the token sale, which ended earlier than expected thanks to the great interest of the public. Now, you have to wait until SYNCO tokens are listed on ChainB to buy them.

Q. How many people can simultaneously use the exchange?

We will apply the auto-scaling technology, so technically there isn’t a limit. At this point, it is fair to say that 100,000 users can simultaneously use the service.

Q. What kind of coins will be listed to ChainB?

The projects that Synco participated in ICOs as a group will get the chance to list their coins on ChainB. Projects that Synco will participate in ICOs going forward can also list their tokens listed.

Q. Can I receive SYNCO tokens directly to my wallet in ChainB when it opens?

No, it is not possible. there are many users waiting in line for token distribution, so at first, you have to receive them with your individual wallet.

Q. What is the profit distribution structure of ChainB?

Profits from the SyncoChain ecosystem will be shared with token holders using various strategies including 3-degree referral system, airdrop, token burning and others. Synco will adopt the best strategy considering market changes to return the maximum benefits to the users. There will be many more profit-sharing strategies added going forward but to enjoy such benefits, one must hold a certain amount of SYNCO tokens.

Q. Are there any other countries having the pre-registration event of ChainB?

Yes, there is one going on in Vietnam, and the English version will be released soon as well.

Q. Is pre-registration the same as signing up?

No, you have to sign up one more time when ChainB officially opens. You have to verify yourself one more time using the cell phone you registered for the pre-registration to set up an account.

Q. Do I have to get mobile authentication to receive SYNCO tokens I earned for referring my friends?

SYNCO tokens that will be given to users as a reward for the pre-registration event will be sent to users’ wallet on ChainB. You need to complete the mobile authentication, which is the second step authentication, to access the wallet. Please complete the mobile authentication process to get the SYNCO tokens you earned.

Q. How many tokens will I get for making referrals?

That depends on how many referrals you make. You can get 700 SYNCO tokens for completing the pre-registration.

Q. Until when will the pre-registration event proceed?

It will continue until the grand opening of ChainB.

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