What is Syn City crypto? Is it a metaverse token?

If 2021 is all about non-fungible tokens (NFTs) and memetic cryptocurrencies, then 2022 could be the year of the Metaverse.

Tech giants are rushing into the world of virtual reality. Blockchain-based projects provide power distribution among users. This may not be allowed in the tech giant Metaverse. After gathering in Decentraland and Metaverse Tokens in the Sandbox, SynCity tokens are gaining momentum.

What is the cipher of Sen City?

SynCity is a metaverse game platform. It presents itself as a “Mafia” poem that allows players to build guilds and take part in battles.

Syn City claims to take advantage of the decentralized capabilities of the blockchain to pass the management of the network to its users. Moreover, it advertises itself as a game that earns from playing it without hindrances to entering new users.

Unlike many other blockchain games like Axie Infinity where new users have to buy some tokens first, SynCity claims that there are no such restrictions.

Read again: Quadriga Cryptographic Scam Story, and Lessons for Crypto Investors

SynCity icon

SYNR or $SYNR serves as the governance token for the SynCity Metaverse project.

This allows you to bet and participate in voting to determine the governance of the platform. Staking SynCity tokens to elect guild leaders are also an advantage.

IDO City Sync

IDO or Dex Initial Offer is when a blockchain project releases an initial number of tokens via a liquidity exchange. Syn City Metaverse aims to raise $500,000 through IDO on January 20, 2022.

The maximum token allocation per applicant is set at $400 USD. The price of the SYNR token is set at $0.02.

Sin City NFT

Syn City, like other metaverse ciphers such as Axie Infinity and Decentraland, is powered by NFTs. The project’s official website claims to have sold over $3 million USD in NFTs in just 18 minutes.

Syn City also claims to have the highest trading volume on the Binance NFT platform.

Popular Metaverse Icon

In the last few months of 2021, Metaverse tokens outperformed most other cryptocurrencies.

Data provided by CoinMarketCap.com

The interest was primarily sparked by Facebook’s MetaMove. Some Metaverse coins like AXS were in the trend crypto category even before Facebook was renamed. AXS was one of the best performing ciphers in 2021. Others like SAND and MANA have also increased in value.

Read again: What is Walmart Crypto? Did Walmart Start NFT?

Blockchain-based games are likened to the Metaverse. However, in the fictional world of Facebook and Microsoft, the underlying technologies may differ. The tech giant may not have the basis of the Decentralized Autonomous Organization (DAO), which all blockchain games assert as the largest USP.

conclusion

Syn City claims to be the first blockchain game in history with a “Mafia” feature. Users can build guilds and do ‘predatory goods’ in a fantasy world. This can attract players. SYNR tokens are not yet listed on crypto exchanges like Coinbase. It is currently released at a flat rate through IDO.

Leave a Comment