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Sylo

SYLO

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Market

Market stats

Market cap

$5.4M

Volume (24h)

$1.2M

Circulating supply

2.4B SYLO

Typical hold time

8 days

Popularity

#1011

All time high

$0.0100

Price change (1h)

-1.11%

Price change (24h)

+0.04%

Price change (7d)

+8.83%

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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.

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

Whitepaper
Official website

What Is Sylo (SYLO)?

Sylo (SYLO) is a decentralized platform that allows users to run their computers as servers to maintain communication in the network. Users can send and receive messages and notifications, make audio and video calls, transfer funds, trade non-fungible tokens (NFTs), store cryptocurrencies such as Bitcoin, Ethereum, Tezos, and other ERC-20 assets, etc. According to the whitepaper, the platform aims to solve the problems of centralized alternatives like delays in delivering important messages, failed network connections, etc.

The Sylo network aims to keep communication private and decentralized and to allow users to own their data without creating off-device storage. The platform doesn't keep the data on servers; rather, Sylo replicates group data across devices. Further, users who allow their computers to function as Sylo nodes perform their roles as per the tokens they have staked. If the quality of the network is as per the incentive structure, the nodes receive SYLO tokens, and if the quality gets affected, the nodes get penalized.

SYLO is the native utility token of the Sylo platform that runs on ERC-20 token standards. The token helps to make micro-payments easier on the platform. The number of SYLO owned by a user informs about the level of participation in the network. Users can also utilize SYLO within the ecosystem to make payments, crypto wallet upgrades, decentralized apps (dApps) payments, etc. Also, staking SYLO can help users earn rewards based on the number of tokens staked. Soon, the platform aims to bring governance in the platform for SYLO holders. The platform also wants to introduce many independent services for trading purposes.

History of Sylo (SYLO)

Aaron McDonald, Robin Johannink, Daniel Gillespie, and Brendon Packard are the directors of the Sylo platform. The entire team of Sylo has experience from various fields like computer science, development, in addition to the real-world business experience of entrepreneurs, designers, and leading technologists.

The total supply of the Sylo platform is 1,000,000,000,000,000 SYLO.

News

Decrypt • Nov 30, 23

Esports Giant Team Liquid Reveals Collab With NFT Game Illuvium

Team Liquid will be releasing themed NFTs for Illuvium, advise on game development, and help create the game's esports scene.

Read more

News Article Image

Decrypt • Nov 30, 23

Amazon Amps Up Its AI Arsenal With an Image Generator to Take On Adobe and Stable Diffusion

Coming on the heels of the “Q” large language model, Amazon Titan brings multimodal AI capabilities to the AWS platform.

Read more

News Article Image

CoinDesk • Nov 30, 23

The Algorand Foundation Expands Its Footprint in India

Blockchain protocol Algorand (ALGO) has expanded its footprint in India by securing new partnerships with NASSCOM, India's trade body and chamber of commerce for the tech industry, T-Hub, a prominent innovation hub, and the Mann Deshi Foundation which supports India's first rural bank for women.

Read more

News Article Image

Synthetix Blog • Nov 29, 23

SNXweave Weekly Recap 117

November 29, 2023The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors, as well as the Grants Council and Ambassador Council from last week.👉TLDRSIP-337: Perps V3 presentation recapSIP-348: Enable USDC for Andromeda on Base pre...

Read more

News Article Image

CoinDesk • Nov 29, 23

Grayscale Gears Up for Spot Bitcoin ETF, Updating Trust Agreement for Sake of ‘Operational Efficiencies’

The changes involve the fee structure, and how assets can be custodies for smoother share creation and redemptions

Read more

News Article Image

Decrypt • Nov 29, 23

Bored People on the Internet Are Using AI to Animate Memes

Generative AI is bringing old memes to life, making them as funny (and creepy) as they can be.

Read more

News Article Image

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Advanced trading pairs

Here is a selection of advanced trading pairs that people watch and convert

CBETH-ETH

CBETH-ETH

1 cbETH equals 1.05529 ETH

SOL-ETH

SOL-ETH

1 SOL equals 0.02911 ETH

LSETH-ETH

LSETH-ETH

1 LSETH equals 1.03006 ETH

TRB-BTC

TRB-BTC

1 TRB equals 0.000348 BTC

WBTC-BTC

WBTC-BTC

1 WBTC equals 0.9989 BTC

ETH-BTC

ETH-BTC

1 ETH equals 0.05362 BTC

BTC-USDC

BTC-USDC

1 BTC equals 19,689.00 USDC

ETH-USDC

ETH-USDC

1 ETH equals 1,079.00 USDC

USDT-USDC

USDT-USDC

1 USDT equals 1.0002 USDC

BTC-USDT

BTC-USDT

1 BTC equals 37,735.75 USDT

ASM-USDT

ASM-USDT

1 ASM equals 0.00994 USDT

INDEX-USDT

INDEX-USDT

1 INDEX equals 1.06 USDT

Social

Some highlights about Sylo on social media

12 unique individuals are talking about Sylo and it is ranked #470 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 0.8 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 51.02% of tweets with bullish sentiment compared to 12.24% of tweets with a bearish sentiment about Sylo. 36.73% of tweets were neutral about Sylo. These sentiments are based on 49 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

Contributors

12 people

Posts

45 posts

Dominance

0%

Volume rank

#470

Average Sentiment

0.8 out of 5

Twitter

Coinbase Bytes

Coinbase Bytes

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Sylo is on the rise this week.

The price of Sylo has risen by 8.83% in the past 7 days. The price increased by 0.04% in the last 24 hours. In just the past hour, the price shrunk by 1.11%. The current price is $0.0022 per SYLO. Sylo is 77.76% below the all time high of $0.0100.

The current circulating supply is 2,431,617,492 SYLO.

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 $5.41M. 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 $0.0100. 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 $1.24M.

What other assets are similar to Sylo?

Assets that have a similar market cap to Sylo include Polaris Share, Particl, Mancium, 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 typical holding time of Sylo?

The median time that Coinbase customers hold Sylo before selling it or sending it to another account or address is 8 days.

What is the relative popularity of Sylo?

Sylo ranks 165 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’s centralized exchange. For more detailed instructions, check out our helpful how to buy Sylo guide.

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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.