thenewscrypto.com
Synternet, the blockchain that powers modular data infrastructure across all major chains including Ethereum and Cosmos, has announced the launch of its mainnet on Cosmos. The achievement, which completes the Monaco phase, heralds in a new era for the decentralized data economy and allows $SYNT, the token of Synternet, to reach its full potential.
With Synternet’s mainnet launch, real monetary value for data is activated inside its multi-chain ecosystem, paving the way for the practical use of $SYNT and advancing its growth-oriented Pikes Peak roadmap. Additionally, it enables developers to create cutting-edge applications that harness the strength of trustless, real-time data streams from all of the major chains.
Cosmos offers Synternet a strong foundation for future expansion with its diverse selection of projects, tools, and services, as well as its expanding ecosystem. Benefits like lower gas fees and quicker transaction processing as compared to other networks are also included with the Cosmos launch, highlighting the project’s dedication to democratizing data access.
CEO Daniel Haudenschild stated:
“The mainnet launch is a key event for Synternet, signifying the realization of our vision for a decentralized data economy. With the $SYNT token now powering monetary value for data, we’ve created meaningful opportunities for developers and businesses. As we celebrate this milestone, we also look forward to the future growth and expansion outlined in our Pikes Peak roadmap.”
CEO Daniel Haudenschild added:
“The mainnet launch is a key event for Synternet, signifying the realization of our vision for a decentralized data economy. With the $SYNT token now powering monetary value for data, we’ve created meaningful opportunities for developers and businesses. As we celebrate this milestone, we also look forward to the future growth and expansion outlined in our Pikes Peak roadmap.”
The $SYNT token, which is the primary method of payment for data services, lies at the center of the Synternet ecosystem. Users may access and pay for real-time data streams from numerous publishers across several chains using $SYNT as soon as it launches. Token holders may also benefit from an alluring staking mechanism on Synternet, where they can vote on proposals and influence protocol upgrades, feature priority, and resource allocation.
The migration site at staking.synternet.com, which offers an easy-to-use interface for staking $SYNT and managing tokens, is recommended for users who want to engage with the Synternet ecosystem and take an active role in the decentralized data economy.