Buy Sylo
What is Sylo?
Sylo is a decentralised communication and data exchange network that powers interoperability for assets and users. It enables end-to-end encrypted communication without reliance on centralised parties. The network allows for private communication, storage, and micro-payments, supported by layer 2 micropayments and the SYLO token.
How does Sylo work?
Sylo operates as a decentralised communication and data exchange network, utilising a layer 2 micropayments infrastructure along with the SYLO token. It is built on the Ethereum blockchain and employs a staking architecture for minimal transaction fees and scalability. Users can take advantage of user-run Service Peers that provide network infrastructure, allowing developers and businesses to run privacy-first applications without their own infrastructure. Sylo integrates smart contracts to facilitate decentralised communication and data exchange.
What are the potential use cases for Sylo?
The potential use cases for Sylo include:
- Decentralised communication for NFT communities and DAOs.
- Private messaging and file sharing.
- Audio and video calls.
- Payment and transaction capabilities.
- Connecting digital worlds and enabling seamless interaction across the Metaverse.
- Integrating chat, call, and payment features in Web3 wallets.
- Providing decentralised, secure communication tools for various protocols.
What is the history of Sylo?
Sylo was founded in 2010 by an international software development house with a focus on decentralisation. Key team members include Dorian Johannink and Ben Jordan. Significant milestones in its history include:
- 2017: Sylo launched on the Ethereum platform.
- 2018: Conducted an ICO to raise funds for the project.
- 2020: Released the Sylo Smart Wallet and launched Oya, a new architecture for decentralisation.
- 2021: Partnered with Tezos Baking and achieved listing on Bittrex exchange.
- 2022: Listed on Coinbase.
Sylo has developed from a communication platform to a comprehensive ecosystem, gaining market presence with listings on major exchanges and partnerships with notable projects.
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Frequently Asked Questions (FAQs)
What is the current price of Sylo (SYLO)?
The Sylo price is $0.00124221 AUD, representing a -7.24% from the day prior.
Where is the best place to buy Sylo (SYLO) in Australia?
The best place to buy Sylo (SYLO) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Sylo (SYLO) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Sylo (SYLO)?
The trading volume of Sylo (SYLO) is $1.2M AUD in the last 24hrs, representing a -7.24% from the day prior.
How can I buy Sylo (SYLO)?
Sylo (SYLO) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Sylo (SYLO)?
The current market cap of Sylo (SYLO) is $7.2M AUD.
Can I convert Sylo (SYLO) to cash?
Yes - With Coinstash you can convert your Sylo (SYLO) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Sylo (SYLO) are there?
The current circulating supply of Sylo (SYLO) is 5.8B.
Is Coinstash a safe place to buy Sylo (SYLO) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Sylo (SYLO) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.