Synternet is a blockchain that powers modular, interoperable data infrastructure across all major chains. At its core lies the Data Layer, a protocol serving as the customizable execution layer between all blockchains. Its AEAs (Autonomous Economic Agents) empower developers to build composable, use-case-specific applications that can execute on any data from any chain.
The Synternet ecosystem functions through a dynamic network, anchored by its Data Layer that ensures efficient blockchain data access. This network consists of publishers, subscribers, brokers, and observers, each integral to the system's operation and security.
Publishers, the network's foundation, generate and stream data to brokers. They label each data stream with a specific subject, fostering a system where diverse data is openly contributed and accessible.
Subscribers, forming the demand side, pay for data access. They use on-chain agreements, brokered via the developer portal, to ensure transaction transparency and fairness.
Brokers, crucial for data flow, act as intermediaries between publishers and subscribers. They must register and deposit NOIA tokens, securing their commitment and discouraging freeloaders.
Observers ensure the network's integrity by checking the accuracy of brokers' proofs, adding a layer of trust. Like brokers, observers register and deposit NOIA tokens to affirm their dedication to their roles.
In its early years, Synternet focused on developing a new-technology internet, raising over $10 million in funding to support its vision. The company's approach was not to build a new internet from scratch but to enhance the existing infrastructure winnovativemart, overlay technologies. These innovations aimed to optimize data routing, akin to using real-time traffic updates for more efficient travel, thereby improving speed, security, and reliability for users.
By mid-2023, Synternet shifted its focus towards addressing specific challenges within the blockchain and Web3 ecosystems, particularly the issue of data access. This pivot was influenced by the company's accumulated technological expertise and the growing demand for real-time, on-chain data. Synternet's new direction involves becoming the Data Layer for Web3, leveraging its technology stack to facilitate access to real-time data, which is crucial for the functioning of decentralized applications and services. This transition also marked Synternet's move towards full decentralization and enhancing its NOIA token's role within the ecosystem, signaling a significant evolution in its mission to address the pressing challenges of modern internet and blockchain technology.
The NOIA token is the native currency that powers the Synternet protocol. Iseveralber of key utilities that enable the protocol to function effectively.
1. Payments: You use NOIA tokens to pay for various services within the Synternet ecosystem, such as accessing data or paying for bandwidth usage.
2. Staking NOIA for Network Security: By staking NOIA tokens, you can operate network nodes, helping to secure the network. This staking also aligns your interests with the protocol, ensuring its stability and security.
3. Synternet Protocol Governance: Holding NOIA tokens gives you voting rights in the governance of the Synternet protocol. This allows you to participate in deciding future developments and changes within the network.
7. Trade NOIA on KuCoin: Trade Synternet coin on the KuCoin Spot Market against other cryptocurrencies to make the most of changing market conditions and volatility. Buy or sell NOIA, or HODL if you believe in the long-term potential of the Syntropy project. Remember to do your own research before trading NOIA in the crypto market.
Period | Change | Change (%) |
---|---|---|
Today | $0.0303 | 17.29% |
7 Days | $0.029 | 16.43% |
30 Days | $0.0076 | 3.88% |
3 Months | $0.0075 | 3.82% |
Investing in Synternet (NOIA) token offers several advantages due to its role in the Synternet ecosystem, which is focused on enhancing Web3 data infrastructure. Here are some key benefits:
1. Growth Potential: Synternet is positioning itself as a crucial player in the Web3 landscape by developing a robust infrastructure for real-time, cross-chain data streams. This focus on improving data interoperability across various blockchain networks could drive increased usage and demand for the NOIA token.
2. Innovative Technology: As a Layer-1 blockchain, Synternet is designed to support decentralized applications with a scalable and efficient data layer. This technology is essential for applications requiring real-time data exchange across different blockchains, potentially leading to broader adoption and value appreciation of NOIA token.
3. Strategic Developments: The ongoing developments, including the mainnet launch and the introduction of a token bridge between Ethereum and Cosmos, are aimed at enhancing the platform's capabilities. Such strategic upgrades could improve the utility of the NOIA token, making it more attractive to investors looking for tokens with practical applications and growth prospects.
4. Community and Backing: With a significant community and backing from major blockchain-focused venture capitalists, Synternet demonstrates strong support and confidence in its future direction, which could positively influence its market perception and investment attractiveness.
The volatile nature of the crypto market makes it challenging to provide a reliable NOIA price prediction. However, several factors influence the Synternet crypto price:
1. Crypto Market Sentiment: General market sentiment, including how investors feel about the cryptocurrency market as a whole, can impact NOIA price. For instance, if there's a broader market downturn, the Synternet price might also fall.
2. Technical Analysis: Short-term trading signals, such as those generated by technical analysis tools, can affect buying and selling activities. For example, a "sell" signal might prompt traders to sell off their NOIA tokens, impacting the NOIA to USD price.
3. Developments and News: Any news related to Synternet's technology, partnerships, or significant changes within the network can lead to price fluctuations. Positive news can lead to price increases, while negative news can cause declines in the NOIA crypto price.
4. Market Liquidity and Volume: Trading volume and the liquidity of NOIA on exchanges can influence the NOIA coin price volatility. Higher liquidity usually leads to less price volatility, while lower liquidity can increase volatility due to larger price changes from buy or sell orders.
5. Overall Crypto Market Trends: The performance of major cryptocurrencies like Bitcoin and Ethereum often influences the broader market, including the NOIA token price. If major tokens perform well, smaller altcoins like NOIA might also see price increases and vice versa.
You can delegate your NOIA tokens to validators on the NOIA Network via Syntropy’s Nominator Staking feature and earn staking rewards. Here’s how to stake NOIA on the NOIA Network:
1. Buy Synternet tokens on KuCoin and transfer them to a compatible crypto wallet to fund it.
2. Visit the Synternet staking interface and connect your wallet to it.
3. Click the Stake tab under the NOIA Nominators section.
4. Approve the Nominator Contract using your wallet.
5. Review the available nominators and select one.
6. Stake your NOIA tokens to the selected validator and approve the transaction from your wallet.
7. Sit back, earn rewards, and grow your holdings by staking NOIA tokens.