There’s a new wave of users coming to Defi, attracted to stable Defi returns because traditional banking is failing them. Helping a new user into Defi and showing them “how to” leverage the technology is labor-intensive and undervalued at large. SyncDAO bridges this gap with audited smart contracts that trustlessly reward Defi Affiliates to turn new users into Defi advocates.

Concept project – What is SyncDAO?

SyncDAO is a DAO established to bring user adoption to Defi products by aligning incentives between users, affiliates, and governors of the SyncDAO protocols and ecosystem. This token (SDG) doesn’t have any inherent value but gives the utility to vote on proposals put forward.

SyncDAO is a form that uses an affiliate model, which rewards those who help others use the Defi platform. Each user that helps someone else make a deposit into SyncDAO’s Perpetual Vaults would be rewarded as an affiliate and receive PVT as payment. This means a user could pay a bill, send money to someone else, and still be earning some of that money back as an affiliate.

Outstanding features

What is the project trying to achieve?

SyncDAO’s mission is to help people think about how they experience money — from isolated transactions to flows of money, innovative funding, never-ending legacies, products, and incomes. 

What is unique selling point?

Perpetual vault

The first version of SyncDAO includes:

• Deposit stable coins, receive PVT as receipt
• Receive a cash flow of stable coins
• The interest generated will be allocated: 80% flowing to the nominated address as cash flow; 20% reinvested and compounding so that the capital and cash flow are ever growing.

Affiliate layer

The launch product includes an affiliate layer, meaning users can invite friends to get the benefits of creating cash flows from Perpetual Vaults, and then also be rewarded for that for a lifetime.

For example, when a user deposits $100, the affiliate will be rewarded a small % of the interest on that $100 for life. This is a tool for users to create lifelong streams of income as an affiliate when they share and support others to use the product.

Imagine depositing dollars into a machine that perpetually makes money. When the first step up to the perpetual money machine, drop in dollars, and in return, the machine gives tokens, like a receipt. Call them Perpetual Vault Tokens or PVTs. Pop tokens into the staking zone (basically a magical place of interest-earning accounts in the crypto world) based on what types of returns want the machine to make for.

The machine then goes and finds all the best Defi returns available. It generates those returns for and produces a conveyor belt of income, which can claim a share of based on the tokens the machine gave initially. If no longer want to benefit from the returns that the machine is generating, can collect tokens from the staking zone and sell them to someone else who wants them.

Perpetual Vaults are a simple way for users to get exposure to automated Defi strategies. The complexity and high gas cost involved in structuring strategies in a perpetual way (strike selection, expiry selection, rolling over positions) make it difficult for the average retail investor to participate. 

In perpetual vaults, when a user deposits their chosen currency they can never withdraw it, meaning that the deposit will perpetually work in the SyncDAO vault to provide users with ongoing returns. Users will receive a Perpetual Vault (PVT) Token(s) as the receipt of their deposit and this can be transferred or sold to other parties. Creating a secondary demand for the perpetual vault tokens and away for a user to effectively cash out their principle.

SyncDAO Simplified: 3 ways to play with Perpetual Vaults

• Deposit: As a User, can just use the vaults to generate powerful returns in a safe and secure way, all from inside crypto wallet (eg. Metamask).
• Share: As an Affiliate, can show networks how the Perpetual Vaults work and if they deposit using link, will earn a commission for as long as they are staked.
• Vote: Perpetual Vaults are optimized by SyncDAO Governance (SDG) token holders through voting on proposals.

Users cannot withdraw funds once deposited into a Perpetual Vault, however, they will receive the returns generated by the vault in perpetuity. (Perpetual Vaults put a user’s capital to work perpetually).

If a user did want to liquidate their original deposit they cannot withdraw it, however, they can sell or transfer their Perpetual Vault Token (PVT) that was minted and sent to their wallet at the time of their initial deposit.

Perpetual Vaults ensure that users receive the best ongoing returns, as the strategists overseeing the Perpetual Vault are focused on the best returns. Strategists for the vaults are SyncDAO Governance token holders, meaning that DAO can vote in new strategies for generating returns. A proposal for a new strategy is put forward and users vote for or against it.

RoadMap

Technical data

Key metrics 

• Token Name: SyncDAO
• Ticker: $SDG
• Blockchain: BSC
• Token Standard: ERC-20
• Contract: Updating…
• Token type: Updating…
• Total Supply: 2,000,000,000
• Circulating Supply: Updating…

Token allocation

Token release Schedule

Token use case

• Proposal: Proposals are put forward to update vault strategies, decide roadmap items, and future incentives, plus many more innovative proposals.
• Voting: Vote for or against the Proposals. One token equals one vote. Accumulate more tokens by participating in Affiliate and Developer building challenges.
• Enacted: Proposal enacted! The future of SyncDAO innovation is secured by vote. Can proudly tell friends about the role played.

Token sale

SyncDAO IDO Whitelist on DAOStarter

IDO DetailsThe key SyncDAO IDO details are as follows:

• Whitelist date: 8:00 am 20th of November 2021 UTC
• Whitelist closed: 6:00 am 24th of November 2021 UTC
• IDO date: 10:00 am 24th of November 2021 UTC
• IDO closed: 4:00 pm 24th of November 2021 UTC
• USD$150,000 of $SDG will be available through the IDO, totalling 7,253,384 tokens
• Min investment: $300
• Max investment: $1000
• IDO Price: $0.02068
• Currencies: USDT
• IDO Type: FCFS
• Network: BSC
• Selected addresses for whitelist: 500
• Vesting Period: 20%TGE after with the remainder split equally over 2 more months. (20%/40%40%)
• Token Claim: SyncDAO will start airdroping the 20% SDG tokens to all addresses. Users need to switch to the ETH chain using Metamask to see their SDG tokens.

SyncDAO IDO Whitelist on Zendit

Round Tier and Terms

• Public Round Tokens
• Raise conducted on BSC
• 20% at IDO, 40% at end of month 1, 40% at end of month 2

SyncDAO Zendit Pool Details

• Token Ticker: $SDG
• Token Type: ERC-20
• Total Raise Amount: $150,000
• Total Available Tokens: 7,253,384.91 $SDG
• 2 Pools: Tier 0 Pool, Private Sherpa Pool
• Asset Pool Pair: BUSD/SDG
• USD Token exchange offering Price: $0.02068

How to own the token?

Buy SDG Token at IDO on DAOStarter and Zendit on November 24

Markets and Community

Community

SyncDAO has crossed the mark of 30,000 Followers on Twitter.

Backers

Team/ Founders

This team is a fork of Mosendo – while building Mosendo, it became apparent that there was a need to acquire and educate more users in a cost-effective way. 

Besides their experience with building Mosendo, the founding team has an in-depth understanding of user adoption challenges and incentive-based business models uniquely positioning them to bring Affiliates and Perpetual Vaults to Defi.

Partners

Advisors

Conclusion and analysis

The SyncDAO will focus on setting the nature of the wealth creation game by launching Perpetual Vaults with the goal of large-scale, impactful social change through Defi edges closer every day.

Find more information about SyncDAO:

Website: https://syncdao.com/

Twitter: https://twitter.com/syncdao

Telegram: https://t.me/syncdao

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.

Elise

Coincu Ventures