📣 Creators, Exciting News!
Gate Square Certified Creator Application Is Now Live!
How to apply:
1️⃣ Open App → Tap [Square] at the bottom → Click your avatar in the top right
2️⃣ Tap [Get Certified] under your avatar
3️⃣ Once approved, you’ll get an exclusive verified badge that highlights your credibility and expertise!
Note: You need to update App to version 7.25.0 or above to apply.
The application channel is now open to KOLs, project teams, media, and business partners!
Super low threshold, just 500 followers + active posting to apply!
At Gate Square, everyone can be a community leader! �
Synapse plans to repurchase 5 million SYN Tokens and reduce the token circulation by 70%.
PANews reported on December 5th that the Cross-Chain Interaction protocol Synapse announced that its full-chain abstract solution Synapse Intents Network (SIN) has officially launched on Mainnet. In January of this year, Synapse introduced the Intent Cross-Chain Interaction system RFQ, which has been deployed on multiple networks such as Ethereum, Optimism, Arbitrum, etc., reducing the processing time of Cross-Chain Interaction transactions from 20 minutes to 3 seconds, lowering costs by an average of 81% compared to competitors, and currently accounting for 90% of the Cross-Chain Interaction volume. The newly launched SIN system supports off-chain Bidding to obtain Cross-Chain Interaction quotations, and is the first decentralized intent network with real-time fraud proof, capable of supporting Relay functionality for any asset and operation. In terms of the Token economy, Synapse plans to repurchase 5 million SYN Tokens, with a budget of about $3.5 million, and reduce the Token circulation by 70%, reducing the Circulating Supply by about 2.5 million SYN Tokens annually, while transitioning to Proof of Stake (POS) and fee-based network models.