Sylo
SYLO
Trade Sylo on DEX
Sylo can be traded on a decentralized exchange (DEX) using your Coinbase web3 wallet.
Sylo is only supported on a DEX. Additional fees will apply. Coinbase is not responsible for activity or assets traded on a DEX. Learn more.
About Sylo
SYLO is an Ethereum token for the Sylo Network, a decentralized communication infrastructure created by many independent users running Sylo Node software on their own computers and servers. By running a Sylo Node and activating their Seeker, users earn SYLO in exchange for their device providing communication services to the network.
Resources
Sylo is a decentralized communication and data exchange network that operates on a layer 2 micropayments infrastructure and is powered by the $SYLO token. It is a user-run service that provides infrastructure to the network, enabling developers and businesses to run privacy-first, unstoppable apps without deploying any infrastructure of their own. Sylo aims to ensure minimal transaction fees and enhanced scalability through a unique staking architecture and probabilistic ticketing solution. The network's scalability is demonstrated in its flagship app, the Sylo Smart Wallet, which serves as a decentralized, private messenger and crypto wallet.
Sylo operates through a node network where any wallet address can communicate with any other wallet address, NFT owner, or Smart Contract participant without any reliance on a centralized party. The Sylo Network is decentralized and end-to-end encrypted, ensuring secure and private communication. The network also supports multi-chain, non-custodial, NFT integrated, communications empowered web3 wallet. This allows users to send/receive messages and notifications, make audio and video calls, send/receive funds, buy and store NFTs, BTC, ETH, XTZ, CENNZ, and all ERC-20 digital assets in a non-custodial blockchain wallet.
Sylo has a range of potential use cases. It can be used to connect digital worlds and allow people to communicate across the Metaverse. It can also be used for Web3 wallets to chat, call, pay, and broadcast to other NFTs and projects. Sylo can also be utilized by communities, providing decentralized, trustless, private communication tools that live as long as your NFT Community, your DAO, or your Protocol. Furthermore, Sylo can enable creators and fans to interact with privilege-granting NFTs and unlock messaging, voice, and video - wallet address to wallet address.
Sylo was established in 2010 as a software development entity. The company is committed to decentralization and is the core developer of the Sylo Network, Sylo Protocol, and Sylo Smart Wallet. The Sylo core team has a background in computer science, development, and user experience, along with business experience. Over the years, Sylo has expanded to include a team of advisors with knowledge in various fields.
The Sylo Smart Wallet is a digital application designed to facilitate the use of cryptocurrencies. It supports multiple blockchains including Bitcoin, Tezos, Ethereum, and CENNZnet, with the intention of enabling users to manage multiple digital wallets from one place. The wallet has a feature that enables users to send and receive cryptocurrencies directly in chat, which is intended to reduce the need to remember long wallet addresses. In addition to its cryptocurrency features, the Sylo Smart Wallet has features for decentralized private messaging and audio/video calling, powered by the Sylo Network. The wallet is designed with a focus on user privacy and security, with features such as no requirement for user accounts, email addresses, or phone numbers, and a unique secret phrase login. The wallet has a feature that enables users to purchase cryptocurrencies directly within the app using their Visa, Mastercard, or instant bank transfer. The Sylo Smart Wallet is designed with the intention of facilitating access to crypto technologies for a wide range of users, from beginners to experts.
The Sylo Protocol is a decentralized toolkit designed for building messaging applications on the Sylo Network. It aims to provide a high level of security and confidentiality by operating in a peer-to-peer setting, eliminating the need for any centralized architecture. The protocol is designed to provide a comparable experience to traditional communication platforms. It strives to incorporate a variety of features, aiming to meet user expectations for a centralized group secure messaging protocol, while providing a decentralized, peer-to-peer experience. The Sylo Protocol is designed with fault management considerations, with fault management mechanisms built into its core. It is designed to operate under various network conditions, scheduling state-changing operations for eventual delivery if network conditions are poor.
The Sylo Decentralized Autonomous Organization (DAO) is a component of the Sylo network, functioning as a self-governing entity with no central authority. It operates based on a set of predefined rules enforced on a blockchain. The Sylo DAO is managed collectively by its members, who make decisions through a voting process. This democratic approach allows for a bottom-up management style, where power is distributed across token holders. The Sylo DAO's primary role is to facilitate fully decentralized, encrypted messaging, calling, and data storage. It seeks to facilitate oversight and management of the network, similar to a corporation, but without a central authority. The collective group of leaders and participants act as the governing body. The Sylo DAO has a role in the network's security, as it aims to ensure that actions and decisions within the network are intended to be transparent and publicly viewable on the blockchain.
The Sylo Identity system is a decentralized communication and storage network that is designed to support secure and private interactions for users. It uses end-to-end encryption for all messages, voice calls, video calls, and file transfers, with the intention that only the intended recipients can access the content. The Sylo Identity system employs the Signal Protocol for chat messages, which is an open-source cryptographic protocol that provides confidentiality, integrity, authentication, and other security features. File transfers also use the Signal Protocol, while real-time voice and video communication is facilitated through the WebRTC open-source library. The system also uses the Ed25519 public-key pair scheme for general messaging signing. Sylo's approach to privacy is based on the principle that only the user owns their keys, chats, contacts, cloud files, and dApps. The Sylo Network is designed to enable users' devices to connect directly (peer-to-peer) whenever possible, reducing the dependency on a 'middle man'. This system is designed with the intention of providing privacy and security for users.
Sylo addresses scalability and transaction speed within its network through a decentralized communication infrastructure powered by a multitude of Seeker Nodes run by independent users. These nodes facilitate private, fully decentralized communication services, independent of centralized control. Users are incentivized through the Sylo token, which is allocated to their devices for providing communication services to the network. Sylo introduces probabilistic micropayments, staking mechanisms, and incentivizes "Event Relay" to create an uninterrupted and privacy-focused communication layer for users and applications. The decentralized nature of Sylo ensures that communication remains private, transparent, and independent of a centralized server architecture. This approach allows the Sylo network to expand its capacity and allows non-monetary exchanges to be made for extremely granular levels of service.
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Market
Market stats
$4.9M
$1.8M
2.4B SYLO
Not enough data
#1327
$0.0149
Market performance
-0.37%
+9.01%
+4.71%
-7.4%
-25.95%
+25.46%
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Social
Some highlights about Sylo on social media
61 unique individuals are talking about Sylo and it is ranked #1,420 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Sylo has an average sentiment score of 3 out of 5. Finally, Sylo is becoming more newsworthy, with 0 news articles published about Sylo. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly bullish about Sylo. There were 66.67% of tweets with bullish sentiment compared to 33.33% of tweets with a bearish sentiment about Sylo. 0% of tweets were neutral about Sylo. These sentiments are based on 6 tweets.
On Reddit, Sylo was mentioned in 0 Reddit posts and there were 0 comments about Sylo. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Overview
61 people
4 posts
0%
#1,420
3 out of 5
6 people
66.67%
Bullish
0%
Neutral
33.33%
Bearish
Sylo Calculator
How much is 1 SYLO?
SYLO/CAD (Canadian Dollar)
CA$0.0028
SYLO/GBP (British Pound)
£0.0016
SYLO/BRL (Real)
R$0.0104
SYLO/EUR (Euro)
€0.0019
SYLO/NGN (Nigerian Naira)
NGN 2.89
SYLO/SGD (Singapore Dollar)
S$0.0027
Coinbase Bytes
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Sylo is on the rise this week.
The price of Sylo has decreased by 0.37% in the last hour and increased by 9.01% in the past 24 hours. Sylo’s price has also risen by 4.71% in the past week. The current price is $0.0020 per SYLO with a 24-hour trading volume of $1.76M. Currently, Sylo is valued at 86.40% below its all time high of $0.0149. This all-time high was the highest price paid for Sylo since its launch.
The current circulating supply of Sylo is 2,431,617,492 SYLO which means that Sylo has as total market cap of 2,431,617,492.
FAQ
What is the current price of Sylo?
We update our Sylo to USD currency in real-time. Get the live price of Sylo on Coinbase.
What is the market cap of Sylo?
The current market cap of Sylo is $4.93M. A high market cap implies that the asset is highly valued by the market.
What is the all time high of Sylo?
The all-time high of Sylo is $0.0149. This all-time high is highest price paid for Sylo since it was launched.
What is the 24 hour trading volume of Sylo?
Over the last 24 hours, the trading volume of Sylo is $1.76M.
What other assets are similar to Sylo?
Assets that have a similar market cap to Sylo include HAVAH, Baby Bonk, Penpie, and many others. To see a full list, see our comparable market cap assets.
How many Sylo are there?
The current circulating supply of Sylo is 2.4 billion.
What is the relative popularity of Sylo?
Sylo ranks 204 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
What is the current trading activity of Sylo?
Currently, 82% of Coinbase users are buying Sylo. In other words, 82% of Coinbase customers have increased their net position in Sylo over the past 24 hours through trading.
Can I buy Sylo on Coinbase?
Yes, Sylo is currently available on Coinbase web3 wallet. For more detailed instructions, check out our helpful how to buy Sylo guide.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.