About SynLev (SYN)
Market Capitalization$72.27 thousand
Coin or TokenCoin
Official Website (Alt)N/A
Message Board (Alt)N/A
Blockchain Explorer (Alt)N/A
SynLev (SYN) Frequently Asked Questions
What is SynLev?
SynLev is a group of synthetic leveraged asset pairs built and tokenized on Ethereum, price fed data from Chainlink oracles. The goal of SynLev is to provide decentralized, trustless, and non-KYC gated leveraged assets that behave similarly to traditional leveraged ETF’s (e.g. 3X BULL ETH/USD token). Traditionally leverage is achieved through debt or fund re-balancing. SynLev assets do not require fund re-balancing or any form of debt. SynLev assets are deployed in pairs and are collateralized by both the ETH required to mint the tokens, the performance of the opposing asset, and liquidity providers. This system enables unique benefits. Foremost there is no need for an individual counterparty, the effective counterparty for a BEAR token is the entire equity of a BULL token and liquidity providers, greatly reducing counterparty risk. Token pairs are isolated, dramatic price movement cannot affect liquidity of the entire system. Assets do not rely on pooled shared collateral, there is no limit to the number of assets that can be minted. Assets always retain 100% liquidity. (Description provided by CryptoCompare)
How do I buy SynLev?
It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including SynLev.
Where can I get SynLev wallet?
SynLev produces its own wallet software that is available for download on its website, which allows you to store SynLev on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.
What is the value of SynLev?
One SynLev (SYN) is currently worth $0.01 on major cryptocurrency exchanges. You can also exchange one SynLev for 0.00000014 bitcoin(s) on major exchanges. The value (or market capitalization) of all available SynLev in U.S. dollars is $72.27 thousand.
What hashing algorithm does SynLev use?
SynLev is a coin that uses the ETH Token algorithm.
What coins are similar to SynLev?
The following coins use SynLev's ETH Token algorithm and proof-type: Polygon, Binance USD, Polygon, Crypto.com Coin, Chainlink, Dai, Fantom, Parkgene, DREP, DREP [old], FTX Token, Decentraland, THETA, Axie Infinity and Theta Network.
SynLev (SYN) Price Chart for Monday, January, 17, 2022
SynLev (SYN) Search Trends
There is a correlation between price appreciation and public interest in cryptocurrencies, such as SynLev. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "SynLev Coin" over the last 90 days.
SynLev (SYN) Website Traffic
SynLev (SYN) Social Media Trends
SynLev (SYN) News HeadlinesNo headlines for this company have been tracked by MarketBeat.com