Synapse Network (SNP) is a platform for a new fund-raising world based on all smart contract blockchains. Synapse Network is a leading cross-chain acquisition ecosystem available for everyone with a standardized protocol. Also, the network is redesigned from scrape to permit financing at any stage of project growth. In addition, Synapse Network aims to convey the idea of a fully controlled financial institution supported by decentralized finance (DeFi) products.
Synapse has divided its product offering into two comprehensive streams—retail and institutional. The retail stream aims to deliver the retail financiers the ability to implant their traditional funds into DeFi products. And the institutional stream enables companies from traditional markets to use cryptocurrency as an exact acquisition vehicle and a transactional asset for their everyday functions.
According to the whitepaper, the Synapse Network seeks to solve the following issues, which affect early adopters of the technology:
SNP is a native token of Synapse Network. The DeFi Synapse platform permits users to stake SNP tokens to participate in Synapse Network events and earn worthy rewards. Users can stake SNP tokens and gain preferred levels, even a few minutes before any deal starts. Within a seven-day time frame, users can unstake tokens by paying a penalty fee. However, after 30 days of undisturbed staking, users can become a premium staker and earn additional SNP tokens.