According to the platform’s introduction, SyncDEX is one of the first decentralized exchanges (DEX) with an automated market maker (AMM) on the zkSync Era Network. It offers the lowest crypto asset transaction costs compared to its rivals. In the entire zkSync ecosystem, the rewards from staking and yield farming are among the highest paying.
In addition, the DEX wants to involve consumers as much as possible in the decision-making process. Governance voting is used to make all critical decisions.
With advertising, the automated market-making (AMM) algorithm ensures that token swaps are executed quickly and efficiently without the need for order books or centralized order matching. SyncDEX also attracts users with charges a fee of 0.3% on each trade, which is used to incentivize liquidity providers and maintain the platform’s liquidity.
Prior to the crash, A launchpad took place at 5:00 pm UTC on April 11, 2023 for its SYDX token at 0.00001 ETH per token. It put up for sale 5,500,000 SYDX and raised 33,828 ETH.
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