Separation of inter-connected products

Products in SyncusDAO can be separated into three different categories.

Products Offered to the Masses: These are generalized financial products aimed at replacing traditional banks. They're designed for widespread public use.

Products Offered to SYNC Holders: This category includes the lending/borrowing platform, tailored for long-term $SYNC holders to become liquid. It also encompasses $SYNC bills and staking options.

Products for the Degenerate Gambling Youth: $SYNC: The third and most crucial, especially in the early stages, are the products targeting the gambling-inclined youth. $SYNC serves as a stake in the vision of the $SYNC ecosystem. However, many will seek to exploit its volatility for short-term gains. These users are vital to the SYNC ecosystem, forming a significant demographic targeted by our marketing strategies. Short-term $SYNC holders are one of the largest revenue sources for SYNC. This aspect might be a 'known secret' among those who understand SYNC's mechanisms. The trading of SYNC incurs taxes so substantial that, despite our small size, we have become one of the highest earning products on the Ethereum blockchain. This revenue stream enables the DAO to provide sustainable yields and, more importantly, to develop superior products, giving us a competitive edge.

The Need for a Product Monopoly: In an efficient market, competing entities typically end up with zero profit. To achieve unparalleled success, one must establish a form of monopoly, being the sole provider of a unique product. This approach allows for price control and sustained profitability. Competing on price is a battle one should avoid. Lesser financial resources impede bold moves and conquests. This scenario mirrors the VC-funded projects of the dot-com bubble – profitable on paper, yet unsustainable in practice. Venture capitals, often perceived as greedier than traditional banks, follow a similar model. By capitalizing on short-term speculation on SYNC, the DAO can remain highly profitable. This profit is then reinvested to subsidize our other products, enhancing user experience and focusing on growth until these products become self-sustaining.

The Crypto Product Landscape: Most products in the crypto space operate in a Ponzi-like manner, with their sole utility being token speculation. Most protocols do not generate revenue; those that do often exaggerate their profits, which are mostly confined to the crypto ecosystem, leading to player-vs-player behavior rather than genuine growth. In a unique shift, this speculative environment benefits long-term holders in our model.

Understanding the Benefit Mechanism: To comprehend how this mechanism favors long-term holders, further information is available here:

Syncus: Mastering Game Theory in DeFi – Beyond the Prisoner's Dilemma