box6an.eth

The upcoming borrowing/lending platform - a key to the value appreciation of $SYNC Currently, selling Syncus tokens attracts a 15% sell tax. This is a deterrent for users to sell as it incentivises holding and staking instead; preserving the token's value. But you might wonder: How can you benefit from the token's value appreciation if selling incurs such a huge tax? Here is where our borrowing/lending platform comes into play. Instead of selling Syncus tokens and facing the 15% immediate loss, you have an alternative. You can deposit your Syncus tokens as collateral on the platform. In return, you can borrow USDC or ETH at an 85% loan-to-value (LTV) ratio. This means that you will have access to liquid capital like USDC or ETH immediately, without having to sell. In the worst-case scenario where the price of your collateral becomes worth less than the amount you borrowed, you will get liquidated. But here is the catch: this liquidation is no different than what would have happened if you sold Syncus tokens initially. The most likely scenario (given the design of Syncus) is that the price will remain stable or appreciates. As the price grows, the value of your collateral increases. You can end up borrowing more against the same amount of Syncus tokens over time. This system creates an even stronger disincentive to sell Syncus tokens than what we have currently. The Syncus community will keep growing as well as we are marketing aggressively towards mass retail to get more token holders buying in. We are still in Phase 1 of the plan.