Synternet, the blockchain powering modular data infrastructure across major chains like Ethereum and Cosmos, has announced the launch of its mainnet on the Cosmos network. This milestone, marking the completion of the Monaco phase, ushers in a new era for the decentralized data economy and unlocks the full potential of $SYNT, Synternet’s native token.
With the mainnet launch, Synternet activates real monetary value within its multi-chain ecosystem, facilitating practical use of $SYNT and advancing its growth-oriented Pikes Peak roadmap. This development also empowers developers to build innovative applications leveraging trustless, real-time data streams from major chains.
Cosmos provides Synternet a robust foundation for future expansion, offering a diverse range of projects, tools, and services within its expanding ecosystem. Benefits such as lower gas fees and faster transaction processing compared to other networks underscore Cosmos’ role in democratizing data access.
CEO Daniel Haudenschild emphasized that the $SYNT token, serving as the primary method of payment for data services, lies at the core of the Synternet ecosystem. Upon launch, users can access and pay for real-time data streams from various publishers across multiple chains using $SYNT. Token holders can also participate in a compelling staking mechanism on Synternet, enabling them to vote on proposals and influence protocol upgrades, feature priorities, and resource allocations.
For users looking to engage with the Synternet ecosystem and actively participate in the decentralized data economy, the staking site at staking.synternet.com provides a user-friendly interface for staking $SYNT and managing tokens.
