📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
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.