Synthswap Presale

Token presale for a concentrated liquidity DEX ecosystem (Uniswap v3 fork) on zkSync Era.

DETAILS

• Presale Details
  • Presale will be held on Synthswap and Zyberswap (on Arbitrum)
  • Duration: 6 day(s)
  • Purchase token: ETH
  • Sale type: Fair launch auction – price starts at 0.015 ETH per $SYNTH, and enters price discovery once the soft cap is met; everyone receives the same price
  • Floor price: 1 SYNTH = 0.015 ETH
  • Listing price: to be determined at end of presale
  • Soft cap: 150 ETH
  • No minimum or maximum contribution
  • Presale vesting: 20% TGE, 2 weeks cliff, then 50% unlocked as $SYNTH over 6 weeks and 30% as $xSYNTH
  • Initial circulating market cap: $232,500
  • Taxes: 0%
  • DEX listing: TBA

• Mechanics & Features
  • Syncswap utilizes concentrated liquidity and active liquidity management system, similar to Uniswap v3
  • Ecosystem includes; swap, yield farms, staking pools
    • Users can earn single $SYNTH rewards or triple $SYNTH, USDC, ETH rewards from LP staking in yield farms
  • Dual token system;
    • $SYNTH is the utility token
    • $xSYNTH is the governance escrowed token
  • $SYNTH can be staked to receive $xSYNTH
  • $SYNTH holders/stakers receive a share of protocol revenue, governance power, and IDO allocations for planned launchpad
  • $xSYNTH can be converted to $SYNTH over a vesting period (unspecified)

• Tokenomics
  • Token symbol: SYNTH
  • Total supply: 50,000
    • 20% — Public sale (20% TGE, 2 weeks cliff, then 50% unlocked as $SYNTH over 6 weeks and 30% as $xSYNTH)
    • 10% — Liquidity
    • 35% — Liquidity Incentives (3 years linear vesting)
    • 15% — Core Contributors (3 years linear vesting)
    • 10% — Marketing (15% TGE, then 2 years linear vesting)
    • 8% — Ecosystem & Partners (3 months cliff, then 2 years linear vesting)
    • 2% — Airdrops (1 month cliff, 100% unlock as xSYNTH)