On Reddit, Sylo was mentioned in 0 Reddit posts and there were 0 comments about Sylo. There were 100% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Sylo. On Twitter, people are mostly bullish about Sylo. This is a 0% increase in news volume compared to yesterday. Finally, Sylo is becoming more newsworthy, with 0 news articles published about Sylo. In the last 24 hours, across all social media platforms, Sylo has an average sentiment score of 3 out of 5. Additionally, 0 unique individuals are talking about Sylo and it is ranked #783 in most mentions and activity from collected posts. This is a 40% increase compared to yesterday's volume. Sylo was mentioned in 112 out of 2,168,323 social media posts on Twitter and Reddit on Mar 08, 2023. The entire team of Sylo has experience from various fields like computer science, development, in addition to the real-world business experience of entrepreneurs, designers, and leading technologists. History of Sylo (SYLO)Īaron McDonald, Robin Johannink, Daniel Gillespie, and Brendon Packard are the directors of the Sylo platform. The platform also wants to introduce many independent services for trading purposes. Soon, the platform aims to bring governance in the platform for SYLO holders. Also, staking SYLO can help users earn rewards based on the number of tokens staked. Users can also utilize SYLO within the ecosystem to make payments, crypto wallet upgrades, decentralized apps (dApps) payments, etc.
The number of SYLO owned by a user informs about the level of participation in the network. The token helps to make micro-payments easier on the platform. SYLO is the native utility token of the Sylo platform that runs on ERC-20 token standards. If the quality of the network is as per the incentive structure, the nodes receive SYLO tokens, and if the quality gets affected, the nodes get penalized. Further, users who allow their computers to function as Sylo nodes perform their roles as per the tokens they have staked. The platform doesn't keep the data on servers rather, Sylo replicates group data across devices. The Sylo network aims to keep communication private and decentralized and to allow users to own their data without creating off-device storage. According to the whitepaper, the platform aims to solve the problems of centralized alternatives like delays in delivering important messages, failed network connections, etc. Users can send and receive messages and notifications, make audio and video calls, transfer funds, trade non-fungible tokens (NFTs), store cryptocurrencies such as Bitcoin, Ethereum, Tezos, and other ERC-20 assets, etc. It, however, shed over 50 of its value by July, falling to 29,000. By April, the price hit a new high of 63,000. Sylo (SYLO) is a decentralized platform that allows users to run their computers as servers to maintain communication in the network. The virtual currency hit a market cap of 1 billion in February.
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