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BancorBancorby0xA15959aAAa96C0b17D06FfBb2dc10aE249E37BF60xA159…7BF6

Proposal to Whitelist NOIA (Syntropy) With 150K BNT co-investment

Voting ended almost 5 years agoSucceeded

Read the original proposal on Discourse

TL;DR

  • Proposal to whitelist NOIA.
  • Proposed co-investment is 150,000 BNT
  • We are focused on long term fundamentals and business development so there is no reason to doubt the legitimacy of the Syntropy project.
  • The benefit to the BNT ecosystem is clear as Syntropy will bring significant trading volume.

NOIA token address: 0xa8c8CfB141A3bB59FEA1E2ea6B79b5ECBCD7b6ca

Project Website: https://www.syntropynet.com/ 3

Programmable Networking: https://www.syntropystack.com/

Project

Syntropy transforms the public internet into a secure and user-centric internet through a unifying layer where encryption and optimized performance are built-in and automatically enabled for anything and everything connected to it. Our technology unlocks greater scalability potential for future technologies and applications. By providing a unifying layer of security and performance across the public internet, a diverse ecosystem of applications can be established on top. Any developer can build on this unifying layer, with compatibility across millions of devices and services, including cloud, on-premise, and edge infrastructure. Syntropy was started and supported by a large, mission-driven community seeking to secure and optimize the Internet for everyone. The core technology is developed and managed by world-class network architects and software engineers, guided by a professional executive team, and supported by more than a dozen close partners, advisors, and activist investors. Syntropy blog features several case studies: Gaming (How Syntropy can make gaming faster, safer, and more competitive | by Augustas Radziukas | Syntropy | Medium), Blockchain (Why the Blockchain Industry Needs Solutions Like Syntropy | by Jonas Simanavicius | Syntropy | Medium), IoT (Syntropy and the Internet of Things: Developers Are Building Now | by Jonas Simanavicius | Syntropy | Medium), and Devops (Syntropy: Secure Network Connectivity Made Simple | by Augustas Radziukas | Syntropy | Medium), among various real life examples such as Ethereum (Noia Updates -- Syntropy -- Medium), Elrond (Noiaannouncements -- Syntropy -- Medium 1), Polkadot (Syntropy Launches Polkadot Integration | by Jonas Simanavicius | Syntropy | Medium 1), Minecraft (Syntropy Stack Launches Integration For Minecraft | by Jonas Simanavicius | Syntropy | Medium), and others.

Syntropy Onepager: Syntropy Net

Tokenomics

Syntropy is powered by open-source software that enables a decentralized bandwidth sharing economy. The native token represents a standard unit of utility in this economy. The value of a token depends on the network's bandwidth capacity and its utilization. Routers earn tokens by sharing their bandwidth with customers (i.e. users of the network). The token will be used to create connections between devices or servers, those endpoints will also need tokens to interact with the blockchain. So the more connections and endpoints will be created, more transactions will be on our blockchain and tokens used. Secondly, tokens will be used in staking to provide security for our validators Third, tokens will be used as exchange of value to pay relay nodes for the optimised traffic they provide. Finally we have a long vision to connect different decentralised infrastructure services together through our decentralised web services platform and the token will be the engine running all blockchain related activities.

Syntropy Tokenomics: Syntropy Net 1

Syntropy Staking: Syntropy Net

Market and Trading Data

  • NOIA's price at the time of writing is $0.665
  • All-time high: $0.8858 (21th April 2021)
  • All-time low: $0.002947 (16th March, 2020)
  • 368,119,987 NOIA tokens in circulation
  • 1,000,000,000 maximum supply.
  • The current market capitalization is $228,057,450.
  • The NOIA token is available on Kucoin, Uniswap, and Nash exchanges.
  • The 24-hour volumes among those exchanges range from $1,192,273 to $10,770,532.

How White Listing Helps The Bancor Protocol

Syntropy is currently running a Liquidity Program on UNI (Introducing the NOIA Liquidity Program on Uniswap | by Domantas Jaskunas | Syntropy | Medium 5) which would be terminated and switched (or run in parallel) to support the Bancor pool thereby attracting existing LPs and increasing their potential APY.

Acquiring users and building a community also relies on some more traditional means and methods. At this point, we are confident about the target user we need to reach, which helps us narrow down on our marketing efforts and makes us more efficient in promoting Bancor pool. Some of our marketing activities include:

  1. PR. We've partnered with some leading PR agencies that have experience working with developer and crypto audiences who can definitely help us with promoting Bancor pool as well.
  2. Pay-per-click campaigns. Our research has shown that developer and crypto audiences congregate on Twitter and Reddit, and we will be focusing on these networks for our initial PPC campaigns to promote Bancor listing as well. This will provide us with a constant drip of new users and increase brand awareness.
  3. Content marketing. It is central to our marketing and community building efforts. We will share news about Bancor pool on every social media platform (for example Twitter has 30k members). We are sure that our content will resonate with our audiences.

Community and Communication

Read the original proposal on Discourse

Off-Chain Vote

FOR
3.09M 99.9%
AGAINST
2.04K 0.1%
Download mobile app to vote

Timeline

May 17, 2021Proposal created
May 17, 2021Proposal vote started
May 20, 2021Proposal vote ended
Oct 26, 2023Proposal updated