Initial tokenomics and launch

The IDO

For Syncus to start it's flywheel there needed to be an event to gather initial liquidity and supply. This was done through a fair launch held on November 25th at 2PM EST. The actual amount raised did not matter, as such the IDO was held as fairly as possible being open to all users and only lasting 5 minutes. In the 5 minutes 188 ETH was committed by 276 participants at an average of 0.7 per participant.

Launch

The protocol’s launch date was set on December 5th at 2PM EST, with a backed price of $0.0001 per token, 50%, 2,000,000,000 tokens were to be distributed to IDO participants, and the other 50% to the liquidity pool.