Synapse Network, one of the largest cross-chain launchpads in the cryptoverse, has announced the launch of a first-of-its-kind gamified staking system designed to offer members of its community more staking options, better yields, and more.
Synapse Redefining DeFi Staking
Synapse Network, a blockchain project that claims to be focused on building a cross-chain investment and crypto start-up acceleration ecosystem that would give the masses an equal chance to contribute to credible upcoming cryptocurrency platforms, has rolled out a brand new staking system.
Dubbed the Flexible Gamified Staking solution, the team says the launch of the new product is in a bid to fulfill the yearnings of community members and the new solution is designed to offer users a vast array of benefits, including long-term multi-level rewards, inflation counteraction, and more.
Synapse Network has made it clear that its new Flexible Gamified Staking solution comes with several staking “paths” each designed to cater to the investment needs of a particular kind of crypto investor.
- The High APR path – is designed to offer investors higher annual percentage ratios (APRs) at the expense of allocation size.
- The High Allocation path – enables investors to maximize allocation at the expense of APR
- The balanced path – increases both APR and allocation size for stakers.
- Only Allocation path – gives investors zero percent APR with high allocations.
“Each path will have multiple levels that can be achieved each staking month. Each level will increase the bonuses the staker gets. In other words, the longer you are with Synapse Network the bigger the bonuses you receive,” explains the team.
You can find a step-by-step guide on the new Flexible Gamified Staking solution here.
The Synapse Network Advantage
Synapse Network is one of the largest cross-chain launchpads in the cryptocurrency industry. In addition to its crypto project launchpad, Synapse Network also has a venture capital arm that invests in promising blockchain startups.
Synapse Network has also created its dedicated Tech Lab, which it claims offers users one of the best anti-bot solutions in the industry, token vesting and staking technology, Web3.0 application development, smart contracts solutions, as well as daily advisory support for new projects and those who want to start their business with blockchain technology.
“In general, Synapse Network is a robust tech hub that is designed to cater to the needs of investors, projects, and enterprises. Synapse Network delivers the vision of totally decentralized finance (DeFi) without third parties. Synapse is built around revolution, as our mantra is ‘Join the financial revolution #BeThe DeFiance,” the team explains.
In accordance with its goal of helping investors beat hyperinflation, Synapse Network recently carried out a token burn exercise, during which it burnt a massive 60 percent of the total Synapse Network (SNP) token supply.
The Synapse Network team claims to have more than 20 years of hands-on experience in the traditional banking, blockchain and businesses sectors, helping more than 80 projects get off the ground (both as a VC firm and a launchpad).
That’s not all, Synapse Network says it has successfully formed a robust community of more than 600,000 like-minded individuals and has integrated a fiat payments gateway dubbed Ramp into its ecosystem, to enable its users to easily invest using their Revolut account or payment card.