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README.md

Syndicate Core integration/staging repository

Build Status GitHub release

Syndicate is an open source crypto-currency focused on fast private transactions with low transaction fees & environmental footprint. It utilizes a custom Proof of Stake protocol for securing its network and uses an innovative variable seesaw reward mechanism that dynamically balances 90% of its block reward size between masternodes and staking nodes and 10% dedicated for budget proposals. The goal of Syndicate is to achieve a decentralized sustainable crypto currency with near instant full-time private transactions, fair governance and community intelligence.

  • Anonymized transactions using the Zerocoin Protocol.
  • Fast transactions featuring guaranteed zero confirmation transactions, we call it SwiftX.
  • Decentralized blockchain voting utilizing Masternode technology to form a DAO. The blockchain will distribute monthly treasury funds based on successful proposals submitted by the community and voted on by the DAO.

More information at synx.online Visit our ANN thread at BitcoinTalk

License

Syndicate Core is released under the terms of the MIT license. See COPYING for more information or see https://opensource.org/licenses/MIT.

Coin Specs

AlgoX11
Block Time60 Seconds
Difficulty RetargetingEvery Block
Max Coin Supply (PoS Phase)Infinite

PoW Rewards Breakdown

Block HeightMasternodesMinerBudget
2-51210 SYNX10 SYNXN/A

PoS Rewards Breakdown

PhaseBlock HeightRewardMasternodes & StakersMasternode collateralBudget
Phase 1513-34599910 SYNXSeesaw500010% (1 SYNX)
Phase 2346000-4327999 SYNX70% (6.3 SYNX)500010% (0.9 SYNX)
Phase 3432800-5195998 SYNX70% (5.6 SYNX)1000010% (0.8 SYNX)
Phase 4519600-6063997 SYNX70% (4.9 SYNX)1500010% (0.7 SYNX)
Phase 5606400-6931996 SYNX70% (4.2 SYNX)2000010% (0.6 SYNX)
Phase 6693200-7799995 SYNX70% (3.5 SYNX)2500010% (0.5 SYNX)
Phase X780000-Infinite5 SYNX70% (3.5 SYNX)2500010% (0.5 SYNX)

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