September was a pivotal month for Synternet, heavily focused on business development, community growth, and optimizing our Discord environment. Building on the success of previous months, we made significant strides in expanding our reach and strengthening our community. Let’s recap the key highlights of the past month.
Major topics include:
- Superteam Radar Hackathon
- Business development team at Token 2049 in Singapore
- Product & Platform AMA with Jonas and Daniel
- Real Infinite Crypto interview with Daniel
- Galxe Discord campaign
Superteam Radar Hackathon
We’ve joined the Superteam Radar Hackathon with $10,000 USDC in prizes for top submissions. Offering low-latency access to block, swap, transfer, and transaction data from Solana, along with a live Ethereum chain data stream, developers can compose and customize this data directly on our platform.
Learn more about the hackathonWe invite developers to create tools and solutions that enhance these data streams, such as identifying arbitrage opportunities or optimizing liquidity on Solana or cross-chain between Ethereum and Solana. Potential projects include arbitrage/trading bots utilizing cross-chain and cross-DEX market inefficiencies, trade routing analytics and algorithms, real-time cross-chain wallet monitoring and profiling tools, cross-chain applications leveraging Solana and Ethereum, and pump.fun analytics, bots, tracking engines, and event trigger mechanisms.
Key takeaways from Singapore’s Token 2049
While Q2 and Q3 of 2024 were all about laying the foundation - focusing on token migration, our mainnet launch, and product development - Q4 is set to be all about business development and growth.
Our team just landed from Singapore’s Token 2049. Here’s what our Head of Business Development Philippe Engels has to say about the week he spent in Asia.
“The week in Singapore was exhilarating. The number of high-quality events, side events, participants, and thought-provoking discussions exceeded our expectations. Our team validated our value proposition with potential partners, explored various synergies with stakeholders across our ecosystem, and laid the foundation for the next few months of work for the entire team. Optimism and passion were evident throughout the week. Our key takeaways include the clear resurgence of GameFi, with gaming emerging as one of the most prominent themes, as well as growing interest in DePIN and AI. Traditional DeFi is here to stay, and BTCFi will play a pivotal role in the coming months by boosting all protocols with the much-sought-after liquidity. However, the fragmentation of liquidity and users in the industry, along with the complexity of navigating across bridges, chains, and various layers, remains a significant obstacle to mass adoption. Chain abstraction appears to be the natural solution to bring the next billion users to Web3. Synternet is ideally positioned to serve as the cross-chain data layer that will enable this evolution. In summary, Synternet is excited about the months ahead, not only for the growth of our ecosystem but also for the industry-wide advancements towards a brighter future.”
The coming weeks are set to be incredibly busy as our team dives into following up with the many promising leads we secured during our time in Asia. Token 2049 opened up countless opportunities for partnerships, collaborations, and business growth, and we’re eager to turn those conversations into concrete results.
But the momentum doesn’t stop there - next up, you’ll find us at Cosmoverse and Barcelona Blockchain Week, where we’ll continue expanding our network and the potential of Synternet. These events will be crucial for connecting with even more builders, investors, and thought leaders in the blockchain space. Keep an eye out for us, because exciting things are on the horizon!
Product and Platform AMA with Jonas & Daniel
The September 6, 2024 AMA session from Synternet delivered key insights across several important areas, including project updates, adoption strategies, technical progress, tokenomics, and community engagement. Led by Jonas Simanavicius and Daniel Haudenschild, Synternet’s CEO, the session highlighted the platform’s growth and future direction.
Listen to the full recording of AMAHere are the key topics covered during the AMA. A big thank you to our community members for helping with the transcription.
Project Updates:
- Transition from pre-product to post-product phase.
- Mainnet launched on July 31, 2024, focusing on security and improving onboarding.
Chain Operations:
- 20+ validators ensuring network security.
- Ongoing migration to mainnet, working to reduce user friction.
Leadership and Team Changes:
- Paulius was promoted to CTO, marking a new phase of engineering excellence.
- Streamlined engineering teams to focus on customer satisfaction, product delivery, and operational efficiency.
- Promotions in business development and product teams, aligning with long-term goals for platform growth until 2028.
Product and Adoption:
- Institutional and individual adoption focus.
- Validator referral program with 50% rewards for bringing in new customers.
- Self-Service Portal (SSP) for individual developers.
Key Use Cases:
- DEX trading and arbitrage opportunities via real-time data streams.
- Wallet profiling for DeFi applications and event tracking.
Dashboard and Metrics:
- Upcoming mainnet dashboard to provide real-time data on usage and adoption.
- Testnet metrics should not be used for token valuation or adoption speculation.
Community and Referral Programs:
- Discord revamp for technical discussions and engagement, focusing on developers.
- New referral program for validators and community members to introduce new users, with rewards distributed over 12-36 months.
Real Infinite Crypto interview with Daniel
Don’t miss the latest interview from Real Infinite Crypto featuring our CEO, Daniel Haudenschild. In this conversation, Daniel dives into Synternet’s vision, the future of decentralized data, and the exciting developments happening within the platform.
Galxe Discord Campaign
We’ve just launched the Superteam Radar Hackathon campaign on Galxe. Join our exclusive Discord raffle for a chance to compete for $250 by completing just a few easy steps!
Learn how to participate in the raffleSynternet’s Ecosystem Continues to Grow
As Synternet grows, we’re thrilled by the momentum around hackathon submissions and business development. Our team is turning leads from Token 2049 into exciting collaborations, and with upcoming events like Cosmoverse and Barcelona Blockchain Week, we’re ready to expand partnerships and drive growth. Stay tuned for more updates.
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