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SYNC NetworkSYNC Networkby0xF72CD97a579fB4B06588812ad3bF3F9C739F02A30xF72C…02A3

Develop SYNC Network on Binance Smart Chain

Voting ended almost 5 years agoSucceeded

Currently there are undeniable frictions to the Ethereum ecosystem in that gas fees are far far too high for the average user. We already recognize this in the gas station product where we subsidize the cost of the Ethereum network.

This is however unsustainable and presents some challenges:

  1. the unnecessary drain of treasury funds
  2. time consumption from one of the devs/volunteers to vet valid refunds
  3. confusion from the end user and a leap faith required (i.e. will I actually get this refund???)

To solve this we must move to where this is no longer a problem. As many other Ethereum projects have done we must move to a side chain. At least for the mean time whilst the gas issues are solved.

I propose that we begin at the earliest opportunity either:

  1. Development of a fork of the Sync Network and token for the Binance Smart Chain with airdrops of the new token to all current Sync and Sync Bond holders

or

  1. Development of functionality on BSC with the SYNC token migrated over.

Off-Chain Vote

Develop BSC fork of Sync
13 76.5%
Development of BSC functionality
4 23.5%
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Timeline

Apr 07, 2021Proposal created
Apr 07, 2021Proposal vote started
Apr 14, 2021Proposal vote ended
Oct 26, 2023Proposal updated