What Is Save Your Assets ($SYA)?
Save Your Assets, or SYA, is the decentralized cryptocurrency of the Flooz ecosystem. The Flooz network consists of Flooz.Trade, a decentralized exchange (DEX) that enables users to trade the token of their choice, and Flooz.Link, a creator app that allows creators to make their variants of social tokens and NFTs (non-fungible tokens). Through social tokens, creators can monetize their content without relying on traditional means of payment.
As stated in Flooz's founder's blog, most 9-to-5 jobs kill the individuality of a human and will eventually become automated in the future. Flooz seeks to change the future of work and make it more human-driven while celebrating the uniqueness, individuality, and authenticity of humans. The platform provides professional tools to empower storytellers to connect with their fanbase. These tools are designed to ensure everyone's occupational, physical, and financial freedom. Besides this, the currency provides its users with insight and analytics tools for subscribers and payment.
In addition, Flooz.Trade focuses on humanizing crypto by providing a simple way to trade tokens. Thousands of people have traded tokens using Flooz.Trade because of its easy and practical interface. Flooz.Trade gives users complete insight into trending cryptocurrencies.
$SYA is the native token of the Save Your Assets platform. Creators can connect their $SYA wallet to Flooz and accept payments for their services. People can also support their favorite creators by sending them $SYA tokens. The currency aims to provide holders with 2% SYA tokens for each trade, and 2% will be burnt instantly to increase the value of the coin. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burnt to reduce availability and increase market value. Besides this, with each exchange, 2% of the share is reserved for community boost, 1% is sent to a charity, 1% is distributed to the market wallet, and 2% is sent to the liquidity pool.
Who Founded Save Your Assets (SYA)?
Lamine Abdallah Cheloufi is the founder of $SYA and Flooz. Cheloufi has worked with WebLab Bank and cofounded Cookies, a payment app. The currency was released in 2021.