ERC-404 on Syncus: Tradable Referral Income
We are excited to unveil a groundbreaking development in the Syncus ecosystem that revolutionises how referral income can be generated and traded.
Leveraging the versatility of the ERC-404 standard, Syncus is transforming referral codes into tradable assets, enabling you to buy or sell your passive monthly income.
What Is Changing?
Your referral code will soon be tokenised as an ERC-404 token. Generating a new referral code upon the release of the new referral dashboard will mint a new ERC-404 token.
This means your successful referrals and the passive income they generate can be owned, traded, or sold.
This innovative approach offers flexibility and liquidity in managing your referral benefits, allowing participants to capitalise on their network's growth like never before.
Why ERC-404?
The ERC-404 standard's unique capacity to blend fungible and non-fungible characteristics makes it the perfect foundation for our new referral income model.
It enables each referral token to represent a distinct value, derived from the passive income it generates, while still allowing it to be traded on the Syncus platform and beyond.
Benefits:
- Liquidity. Convert your referral efforts into liquid assets that can be easily traded or sold.
- Flexibility. Choose to hold onto your referral income tokens to enjoy ongoing rewards or sell them to capitalize on your network's growth.
- Innovation. Be part of a pioneering model that redefines passive income in the DeFi space.
Other upgrades:
The development work has been completed for our borrowing/lending platform on
@zkSync and an upgraded referral dashboard.
We are still awaiting the right moment to launch it.
Please be patient, everything is calculated perfectly here. Syncus is destined to continue to keep growing further throughout this bull market.