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Sylo

SYLO

Price
$0.0023
12/5/2022, 2:36:18 AM
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Market

Market stats

Market cap

$5.6M

Volume (24h)

$440,973.13

Circulating supply

2.4B SYLO

Typical hold time

13 days

Trading activity

Not enough data

Popularity

#214

All time high

$0.0100

Price change (1h)

-1.6%

Price change (24h)

-4.51%

Price change (7d)

+5.19%

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Sylo is on the rise this week.

The price of Sylo has risen by 5.19% in the past 7 days. The price declined by 4.51% in the last 24 hours. In just the past hour, the price shrunk by 1.60%. The current price is $0.0023 per SYLO. Sylo is 77.12% below the all time high of $0.0100.

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

About

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.

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.

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FAQ

What is the current price of Sylo?

The price of 1 Sylo currently costs $0.0023.

What is the market cap of Sylo?

The current market cap of Sylo is $5.62M. 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 $440.97K.

What other assets are similar to Sylo?

Assets that have a similar market cap to Sylo include Banano, Shyft Network, Zynecoin, 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 13 days.

What is the relative popularity of Sylo?

Sylo ranks 170 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Sylo?

Currently, 91% of Coinbase users are buying Sylo. In other words, 91% of Coinbase customers have increased their net position in Sylo over the past 24 hours through trading.