AUS
NZ
UK
CA
USA
IND
Highlights
- The Save Your Assets (SYA) crypto is a decentralised finance (DeFi) experiment and is a new type of deflationary currency, which is used for autonomous yield and liquidity generation.
- SYA is the underlying currency of the Flooz ecosystem and works on Binance Smart Chain protocol.
The Save Your Assets (SYA) crypto is a decentralised finance (DeFi) experiment and is a new type of deflationary currency, which is used for autonomous yield and liquidity generation. SYA is the underlying currency of the Flooz ecosystem and works on Binance Smart Chain protocol. It uses Tax, Reflection (Instant & Rewarded), LP Acquisition and Burn to ensure liquidity and saves lot of transaction cost for the investors.
Founded by Lamine Cheloufi, Daniel van Dalen, Sya’s volume is directly correlated to the SYA’s pumping ability. With its adaptive ecosystem, the Flooz.Trade is a humanizing crypto and is one of the easiest ways wherein, even a new investor can trade in cryptocurrencies at the cheapest rates and fastest routes.
Why is SYA crypto unique?
SYA comes across as a protocol that offers good returns for the investors and with the humanising feature, it gives the investors a feel of trading in an easy manner. For every transaction, the protocol automatically applies a 10% tax to each transaction, which is distributed amongst in various capacities. Of the 10% tax, approximately 2% is automatically made available to the token holders in the form of instant boost. Token holders receive another 2% following the community boost.
Also read: Will Britcoin become a reality soon?
The holders can also burn the cryptocurrency and receive 2% as a part of the burning fee. Another 2% is contributed to the liquidity pools to ensure the liquidity is maintained in the token.
Is it a good investment?
SYA is ranked 4265 on CoinMarketCap. According to CoinMarketCap, the SYA is trading at US $1.43e-8 with a 24-hour trading volume of US $1,50,73,891. At the time of writing (BST 12:00 pm), SYA was up by 3.62% in the last 24 hours. LTO currently has a live market cap of US $22,145.15 with a maximum supply of 1,000,000,000,000,000 SYA coins.
Also read: Which cryptocurrency exchanges are FCA approved in UK?
Following its launch in May, SYA’s fortunes have fluctuated. It has seen a good momentum in the earlier days of the launch but following the market crash in June and August it wasn’t doing that well. But again, in late September, it saw an upward trend with the volume soaring by 11.60% on Friday.
Conclusion
Many experts believe that being a new on the platform, SYA needs a bit more time to stabilise in the market to have the complete confidence of the people. Early investors have benefitted by selling it when the market was doing well, but there are a few sections who believe that it would do well if one were to hold it for the long run.
