Synternet, the blockchain powering modular data infrastructure across major chains such as Ethereum and Cosmos, has unveiled the launch of its mainnet on the Cosmos platform. This milestone marks the culmination of the Monaco phase, ushering in a transformative era for the decentralized data economy and unlocking the full potential of $SYNT, Synternet’s native token.
The mainnet launch of Synternet activates real monetary value within its multi-chain ecosystem, paving the way for practical $SYNT utilization and advancing along its growth-oriented Pikes Peak roadmap. Moreover, it empowers developers to innovate with cutting-edge applications that leverage trustless, real-time data streams from diverse blockchain networks.
Cosmos provides an ideal foundation for Synternet’s future expansion, offering a rich array of projects, tools, and services within its expanding ecosystem. The launch on Cosmos brings additional benefits such as reduced gas fees and accelerated transaction processing compared to other networks, underscoring the project’s commitment to democratizing data access.
CEO Daniel Haudenschild emphasized the pivotal role of the $SYNT token as the primary means of payment for data services within the Synternet ecosystem. Upon launch, users can access and pay for real-time data streams from numerous publishers across multiple chains using $SYNT. Token holders also enjoy an attractive staking mechanism on Synternet, enabling them to vote on proposals and influence protocol upgrades, feature prioritization, and resource allocation.
To engage with the Synternet ecosystem and participate actively in the decentralized data economy, users are encouraged to visit the staking site at staking.synternet.com. This platform offers a user-friendly interface for staking $SYNT and managing tokens effectively.
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