Dear Users,
 
Due to popular demand. BingX Spot will add 1 trading pair on 2023-11-02, 14:00:00 (UTC+0).
• Asset: SYS
• Trading Pair: SYS/USDT
As the cryptocurrency involved is native token of public chains whose mainnet integrations are underway, the deposit and withdrawal services will be opened as soon as it's tested. The actual opening time shall prevail.

 

About SYS

Syscoin, represented by its native cryptocurrency $SYS, stands as a dual-layer blockchain platform that strategically amalgamates the security foundations of Bitcoin with the scalability and smart contract capabilities inherent in Ethereum. This integration creates a unique ecosystem for decentralized applications (DApps), token creation, and secure transactions. Operating on a Proof of Work (PoW) consensus mechanism with merged mining capabilities, Syscoin leverages Bitcoin's substantial hash power to fortify network security, ensuring resilience against potential 51% attacks. The inclusion of ChainLocks from the Dash blockchain enhances PoW security, adding an extra layer of reliability to the system.

The platform's commitment to scalability is evident through innovative features like Zero-Confirmation Directed Acyclic Graph (Z-DAG) technology, enabling rapid and secure transactions with throughput ranging from 30,000 to 145,000 transactions per second. Syscoin's Network-Enhanced Virtual Machine (NEVM) further extends scalability by supporting Ethereum-compatible smart contracts at a low cost. Notably, the introduction of the UTXO Token Platform, powered by Z-DAG, amplifies Syscoin's capabilities, facilitating the creation of Syscoin Platform Tokens (SPTs), including NFTs and fractionalized NFTs. This not only aligns with Bitcoin's technologies but also underscores Syscoin's pursuit of versatile and scalable payment channels.

Syscoin's value lies in its adept combination of Bitcoin and Ethereum strengths, offering a secure, scalable, and cost-effective blockchain solution. The platform addresses the need for nearly zero-fee transactions through its architecture, presenting an attractive option for users and businesses seeking economical blockchain interactions. Interoperability is a key facet of Syscoin's USP, as it ensures compatibility with Ethereum-based smart contracts, enabling the seamless migration of projects from Ethereum while capitalizing on Syscoin's scalability. In essence, Syscoin emerges as a distinctive player in the blockchain space, positioned to cater to the evolving demands of decentralized applications and transactions through its confluence of security, scalability, and cost-efficiency.


Note:
1. Please make sure that the selected chain or network on BingX is consistent with the platform you're performing the withdrawal or deposit to avoid unnecessary losses.
2. The platform will automatically adjust the relevant parameter limits for spot trading based on market liquidity. If you have any questions, please contact our 24/7 online support.
3. The listing time specified in the announcement is for reference only. We will open the trading service once the deposit requirement for the above asset is met. The actual opening time shall prevail.
 
 
BingX Operation Team
2023-11-02
 
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