Gibraltar, Gibraltar, June 27th, 2024,
Chainwire
Synternet, the blockchain powering modular data infrastructure
across all major chains such as Ethereum and Cosmos, has announced
the launch of its mainnet on Cosmos. The milestone, which marks the
completion of its Monaco phase, ushers in a new era for the
decentralized data economy and unlocks the full potential of
Synternet’s token, $SYNT.
Activating real monetary value for data within its multi-chain
ecosystem, Synternet’s mainnet launch enables the practical
utilization of $SYNT and progresses its growth-focused Pikes Peak roadmap. It also
allows developers to build innovative apps that use the power of
real-time, trustless data streams from all major chains.
With its thriving ecosystem and wide range of projects, tools,
and services, Cosmos provides Synternet with a solid foundation for
further growth. The launch on Cosmos also entails benefits such as
reduced gas fees and faster transaction processing compared to
other networks, underlining the project’s commitment to
democratizing data access.
“The launch of Synternet’s mainnet on Cosmos is not just a
technical milestone – it’s the beginning of a new era for the
decentralized data economy,” stated Synternet CTO Jonas
Simanavicius. “With $SYNT, we’re providing real utility, enabling
users to pay for data services at reduced fees and fostering a more
inclusive and efficient ecosystem.”
“The mainnet launch is a key event for Synternet, signifying the
realization of our vision for a decentralized data economy,” added
CEO Daniel Haudenschild. “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.”
At the heart of Synternet’s ecosystem is the $SYNT token, which
serves as the primary means of payment for data services. From
launch, users can utilize $SYNT to access and pay for real-time
data streams from various publishers across multiple chains.
Synternet also offers an attractive staking mechanism for
token-holders, who can additionally vote on proposals and have a
say in protocol upgrades, feature prioritization, and resource
allocation.
To participate in the Synternet ecosystem and become active
participants in the decentralized data economy, users are
encouraged to visit the migration site at staking.synternet.com which provides a user-friendly
interface for staking $SYNT and managing tokens.
About Synternet
Synternet is a blockchain that powers modular, interoperable
data infrastructure across all major chains. At its core lies the
Data Layer, a protocol serving as the customizable execution layer
between blockchains. Synternet’s AEAs (Autonomous Economic Agents)
empower developers to build composable, use-case-specific
applications that can execute on any data from any chain.
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Contact
Emilis
Klybas
emilis@synternet.com