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- #Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
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$SYN price pump8.73%, Synapse plans to buy back 5 million $SYN, reducing 70% of the circulation
Gate.io News: Cross-Chain Interaction protocol Synapse announced that its full-chain abstract solution Synapse Intents Network (SIN) has officially launched on Mainnet. In terms of Token economy, Synapse plans to repurchase 5 million SYN Tokens, with a budget of approximately 3.5 million USD, and reduce the Token issuance by 70%, reducing the Circulating Supply by approximately 2.5 million SYN tokens per year. At the same time, it will transition to Proof of Stake (POS) and fee-based network model.
Gate data shows that the $SYN price 24-hour pump is 8.73%, the current price is $0.8485, the market cap is $183.68M, and the 24-hour trading is $449.49K.