ChainCatcher news, the AppChain infrastructure Syndicate announced the issuance of its Token SYND this month, with a total issuance of 1 billion coins, of which 2% is allocated for community Airdrop, 15.89% is vested to investors, and 24.99% is vested to the team. SYND is the native Gas Token of Syndicate Network, powering the AppChain.
With Syndicate, developers can easily build custom Application-specific blockchains (AppChains) and use programmable, atomically composable on-chain sorters. Using Syndicate, developers can also create custom transaction sorting rules, empowered protocols, and economic systems, allowing value to flow directly back to their tokenized communities on-chain.
Previously, Syndicate had received multiple rounds of funding led by a16z, with other investors including IDEO CoLab Ventures, Coinbase Ventures, Robot Ventures, Variant Fund, Alliance DAO, Electric Capital, Delphi Digital, CoinFund, and Archetype.
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