SYLO is a utility token used for accessing and fueling the Sylo Protocol. Thanks to Sylo, it is possible to open access to a common communication layer for all metaverse projects. Besides, note that Sylo nodes work like routers and send packets asynchronously. Everything is done in the form of P2P communication. It replicates data of a given group on devices belonging to that group. Moreover, Sylo decentralizes user data without a need to store it off the device. The work is distributed in proportion to the staked amount of SYLO tokens.Ĭheck out the Sylo price chart above if you care to see the live SYLO price. However, before receiving the work, operators also must stake SYLO tokens. Node operators are financially incentivized and the payouts are made in Sylo Tickets at a set service price. The network provides its services by utilizing Sylo Nodes, which can be run by anyone on their software. Besides, low transaction costs and infinite scalability are guaranteed due to Sylo's staking architecture and distinctive probabilistic ticketing approach. Sylo’s goal is to provide a lasting decentralized end-to-end-encrypted services layer.
The network is run by many independent users, earning Sylo tokens (SYLO) in exchange. Sylo provides its users with a node network, which essentially is a decentralized communication infrastructure and a data exchange platform.
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