August was a hot month for Synternet as we continued to build on the momentum of our mainnet launch and SYNT token migration. With staking rewards going live and significant progress in token migration, we're seeing strong adoption and engagement from our community. Let's recap the highlights from this past month.
Major topics include:
- SYNT Staking Rewards Go Live
- Milestone Achieved in SYNT Token Migration
- Synternet Becomes Key Hub for Mantis Solvers
- SYNT Now Listed on Bitpanda
SYNT Staking Rewards Go Live
Learn about SYNT staking rewardsOn August 6th, we officially launched staking rewards for SYNT token holders. The current Annual Percentage Rate (APR) stands at close to 21%, reflecting the strong potential and utility of SYNT within our ecosystem.
We're thrilled to see that close to 400 million SYNT tokens have been staked already, demonstrating the community's confidence in Synternet's vision for a decentralized data economy.
Milestone Achieved in SYNT Token Migration
We've reached a significant milestone in our token migration process. Over 68% of tokens have been successfully migrated to SYNT, with more than 50% now on the Cosmos chain. This rapid adoption highlights the growing recognition of SYNT's utility and the broader Synternet ecosystem.
Synternet Becomes Key Hub for Mantis Solvers
Read about our Mantis collaborationLast month, we announced an exciting collaboration with Mantis, an SVM rollup powering optimal execution across chains. Synternet's Data Layer will provide critical real-time data streams from Ethereum, Solana, and Osmosis blockchains to Mantis solvers.
This integration aims to reduce latency in the solver process and enable more efficient solutions for Mantis users, setting a new standard for data accessibility in the intent solving space.
Trade SYNT on Bitpanda
See our Bitpanda listing announcementIn a significant development for our European community, SYNT was officially listed on Bitpanda last month. As Europe's leading retail broker for crypto, Bitpanda's inclusion of SYNT makes the token especially attractive for institutional investors in Central Europe.
This listing expands SYNT's accessibility and liquidity, further solidifying its position in the European crypto market. Bitpanda's reputation for security and compliance adds another layer of trust for SYNT holders and potential investors.
Synternet’s Ecosystem Continues to Grow
As we continue to expand our offerings and partnerships, Synternet is cementing its position as a leader in decentralized data infrastructure. We're excited to see how developers and projects will leverage our growing ecosystem to create innovative Web3 applications.
Stay tuned for more updates as we continue to build the future of decentralized data infrastructure.
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