Synternet Mainnet is Now Live with Monaco Launch on Cosmos
Gibraltar, Gibraltar, June 27th, 2024, Chainwire
Synternet, the blockchain powering modular data infrastructure across all major chains such as Ethereum and Cosmos, has announced the launch of its mainnet on Cosmos. The milestone, which marks the completion of its Monaco phase, ushers in a new era for the decentralized data economy and unlocks the full potential of Synternet’s token, $SYNT.
Activating real monetary value for data within its multi-chain ecosystem, Synternet’s mainnet launch enables the practical utilization of $SYNT and progresses its growth-focused Pikes Peak roadmap. It also allows developers to build innovative apps that use the power of real-time, trustless data streams from all major chains.
With its thriving ecosystem and wide range of projects, tools, and services, Cosmos provides Synternet with a solid foundation for further growth. The launch on Cosmos also entails benefits such as reduced gas fees and faster transaction processing compared to other networks, underlining the project’s commitment to democratizing data access.
“The launch of Synternet’s mainnet on Cosmos is not just a technical milestone – it’s the beginning of a new era for the decentralized data economy,” stated Synternet CTO Jonas Simanavicius. “With $SYNT, we’re providing real utility, enabling users to pay for data services at reduced fees and fostering a more inclusive and efficient ecosystem.”
“The mainnet launch is a key event for Synternet, signifying the realization of our vision for a decentralized data economy,” added CEO Daniel Haudenschild. “With the $SYNT token now powering monetary value for data, we’ve created meaningful opportunities for developers and businesses. As we celebrate this milestone, we also look forward to the future growth and expansion outlined in our Pikes Peak roadmap.”
At the heart of Synternet’s ecosystem is the $SYNT token, which serves as the primary means of payment for data services. From launch, users can utilize $SYNT to access and pay for real-time data streams from various publishers across multiple chains. Synternet also offers an attractive staking mechanism for token-holders, who can additionally vote on proposals and have a say in protocol upgrades, feature prioritization, and resource allocation.
To participate in the Synternet ecosystem and become active participants in the decentralized data economy, users are encouraged to visit the migration site at staking.synternet.com which provides a user-friendly interface for staking $SYNT and managing tokens.
About Synternet
Synternet is a blockchain that powers modular, interoperable data infrastructure across all major chains. At its core lies the Data Layer, a protocol serving as the customizable execution layer between blockchains. Synternet’s AEAs (Autonomous Economic Agents) empower developers to build composable, use-case-specific applications that can execute on any data from any chain.
