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Author Topic: [ANN][SYNX] SYNDICATE Coin | Masternodes, PoS, Business platform  (Read 34163 times)
SyndicateLTD
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October 04, 2017, 09:38:54 PM
 #1







WALLETS:

https://github.com/SyndicateLtd/SyndicateQT/releases/tag/v1.9.9


BLOCKEXPLORER:

http://explorer.synx.online/ or https://altmix.org/coins/24-Syndicate


GITHUB:

https://github.com/SyndicateLTD


EXCHANGES:

Bittrex: https://bittrex.com/Market/Index?MarketName=BTC-SYNX
Cryptopia: https://www.cryptopia.co.nz/Exchange/?market=SYNX_BTC
Upbit: https://upbit.com/exchange?code=CRIX.UPBIT.BTC-SYNX
CoinExchange: https://www.coinexchange.io/market/SYNX/BTC


WEB / SOCIAL LINKS:

Website: http://synx.online
Telegram: https://t.me/syndicateLTD
Discord: https://discord.gg/hameqVB
Twitter: https://twitter.com/syndicatecoin


As many of you already know, Syndicate is upgrading. Recently we have found that a 3rd party is using an exploit to speed up their MN & POS rewards. We concluded that we need to stop deposits & withdrawals on all exchanges just to prevent the 3rd party to sell their coins & affect the price stability. After many discussions, this was our best option to protect our community and it’s best interest.

On 23th of April you'll be able to withdraw your coins from Cryptopia. They won't support our swap but because SYNX is a “veteran” coin on their exchange, they will give us the oportunity of a new listing for the new chain with a reduced fee. Until 8th of May you should withdraw all your coins from Cryptopia in your wallet.

In other news, Bittrex will support our swap although they might not open the wallet for transfers until the swap day. We are working closely with them to keep the even simple and professional.

You can still keep your MN or wallet open to receive rewards. We are preparing updated guides for users to set up trustless proof of stake transactions and masternodes.

Swap Instructions: https://bit.ly/2weBLra

MN Setup: https://bit.ly/2jtJN6y

Staking Setup: https://bit.ly/2rhUmOq


!!! On the 8th of May 2018 we will perform a blockchain transfer from the old chain to the new one. Syndicate will be upgrading to a new Proof-of-Stake 3.0 with Masternode consensus mechanism and blockchain. Your existing SYNX coins will be mapped 1:1 on the new chain if you will hold your coins in your wallet or on Bittrex exchange, at the swap date.

Note: Bittrex will be closing the SYNX wallet and stop trading the token to take accurate snapshots of balances. If any SYNX you had sent to Bittrex are not settled (e.g. marked as pending) by 6:00 PM PT, on 05/08/2018 (1:00 AM on 05/09/2018 UTC), you may not be credited with SYNX.

Bittrex Announcement: https://support.bittrex.com/hc/en-us/articles/360002686551-Support-for-the-Syndicate-SYNX-blockchain-upgrade


Reasoning for the Swap:

- Current code base is very outdated and crucial updates can not be supported by it
- The network does not behave the way it should due to the fast rewards from MN
- To move forward with our Business Platform we need a fresh code base with no network issues


The new SYNX specification:

Block Time: 60 Seconds (Re-targeting every block)
Block Maturity: 101 blocks
Minimum Stake age: 3 hours
Block reward: 10 SYNX
Masternode collateral: 5000 SYNX

Syndicate has Seesaw Reward Balance System that dynamically adjusts its block reward size between masternodes and staking nodes. The higher the masternode count, the smaller the reward portion of each PoS block that will be paid out to the masternodes and the larger the reward portion for staking nodes. Conversely, when the masternode count falls, the masternode reward portion is increased and the staking node reward portion decreased.
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October 04, 2017, 09:46:27 PM
 #2

Syndicate community manager here. Happy to answer any questions.

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October 04, 2017, 10:37:19 PM
 #3

Hi,

Good :-)

Any upgrade guides of wallet to new version of wallet? dont want to loose coins and masternode during upgrade.

/Securedig

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October 05, 2017, 05:25:18 AM
 #4

sir, why pow already ended ?
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October 05, 2017, 06:05:55 AM
 #5

premine 99% ?
WTF!
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October 05, 2017, 06:09:34 AM
 #6

What is the min. to stake?

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October 05, 2017, 07:17:18 AM
 #7

What is the min. to stake?

Idk but i have 948 and staking 10 synx day

Is this new wallet good? Mine is perfectly synced i am using 1.0.0.7 version.

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October 05, 2017, 07:28:29 AM
 #8

What is the min. to stake?

Idk but i have 948 and staking 10 synx day

Is this new wallet good? Mine is perfectly synced i am using 1.0.0.7 version.


heh i have 5600synx in wallet (2 blocks 2800 each) and staking for ~10 coins /day .. :/ what am i doing wrong?

also my wallet adreses where i stake has dissapear from chain explorer http://explorer.syndicateltd.net/address/ wtf?

EDIT: i can see my address now in block chani but there is not mentioned my initial synx transfer (5600 synx)...strange..anyone know whats going on?
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October 05, 2017, 07:51:45 AM
 #9

S Y N D I C A T E    L T D



First and foremost, we have the pleasure to announce that due to intense work and outstanding support from the community, Syndicate coin has been saved, and from now on, things will only get better.
We would like to officially thank the past developers for their significant work with Syndicate.
They managed to place us in a right strategic direction, leaving a legacy of high paying Masternodes and POS rewards, but now, it is the time for the community to move forward.


As we highly believe in the voice of the community we created the “Governance Platform” the place where people can vote for future projects. The platform will enable us to address the community future projects and simultaneously raise funds.

As we also know that you like good news, we’re pleased to announce that the platform is live and operational and can be found at: www.syndicateltd.net


GOVERNANCE PLATFORM

there are some facts you need to know before voting:

  • The most important thing that you should know is that received SYNX from voters will not be staked to influence the network, in fact staking rewards will significantly increase, by dramatically lowering the network weight
  • Voting ends when the first project receives the minimum amount of votes votes
  • SYNX can be sent from anywhere (wallet or exchange)
  • There is no minimum amount to send
  • Always save a proof of your vote (TX-id) for future benefits & clarifications
  • Project developing will start as soon as it reaches the minimum amount required (see the bluepaper)
  • Deadline countdown begins at the end of the voting period
  • If one of the projects will not raise enough votes to pass the requirement amount, 50% of the coins from the voters will be burned to support SYNX deflation and the other 50% percent will be reserved for community and team (New hires, Marketing, Salaries, Equipment, Graphic Design and Future Community bounties: Twitter, Bitcointalk, Bug Fixes)
  • The winning project will receive a detailed Whitepaper, max 2 weeks after voting ends
  • Detailed aspects about projects + newsletter can be found in the Bluepaper below


Bluepaper: http://www.syndicateltd.net/bluepaper.pdf


In order to keep the momentum with the good news, here’s some of our accomplishments since we started aiding the management of the coin: (09.09.2017)

- Fixed Win/Mac/Linux wallets
- New Look (Website, Logo)
- New Social media accounts (Telegram, Twitter)
- Medium blog for constant updates
- Governance platform – 3 projects pending
- Masternode hosting service
- New ANN
- New Blockexplorer
- New Github


SPECIFICATIONS:

Supply: 15,445,710
Mode - X11 POW (ENDED) / POS
Active Mode - Full POS
Block time   - 60 Seconds
Block Maturity - 100 Blocks
Minimum Stake age - 3 Hours
POS Block Reward - 10 SYNX
Masernode Reward - 50% of POS
Masernode Collateral   - 5000 SYNX
Difficulty Retarget - Every Block
Port - 22348
RPC Port - 9999


ROADMAP:
http://syndicateltd.net/roadmap2.jpg


WALLETS:
Windows: https://github.com/SyndicateLtd/SyndicateQT/files/1357284/Syndicate-Qt-1.9.1-win32.zip
iOS: https://github.com/SyndicateLtd/SyndicateQT/files/1357267/Syndicate-Qt-1.9.1-osx-unsigned.dmg.zip
Linux: Ubuntu 14.04 Trusty Tahr: https://github.com/SyndicateLtd/SyndicateQT/files/1357264/Syndicate-Qt-1.9.1-ubuntu14.04.tar.gz
          Ubuntu 16.04 Xenial Xerus: https://github.com/SyndicateLtd/SyndicateQT/files/1357265/Syndicate-Qt-1.9.1-ubuntu16.04.tar.gz


BLOCKEXPLORER:
http://explorer.syndicateltd.net/


GITHUB:
https://github.com/SyndicateLTD


EXCHANGES:
Bittrex: https://bittrex.com/Market/Index?MarketName=BTC-SYNX
Cryptopia: https://www.cryptopia.co.nz/Exchange/?market=SYNX_BTC


WEB / SOCIAL LINKS:
Website: http://syndicateltd.net/
Telegram: https://t.me/syndicateLTD
Twitter: https://twitter.com/syndicate_ltd


Thank you and best regards, the new Syndicate team:
Christian Grey (developer), Andrew Racott (developer),
Alex Bako (graphic designer),
Randy Jean (advisor), Arley Specter (advisor),
Alex Galaxy (community manager)


S Y N D I C A T E   L T D

Awesome work guys!! looks great, good luck!!!
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October 05, 2017, 07:57:54 AM
 #10

premine 99% ?
WTF!

this is not premine, just current coin supply. read the announcement not just the numbers Smiley its an old coin and a takeover of development by community guys..
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October 05, 2017, 10:12:30 AM
 #11

can someone explain if the coin is still trying to do what the original website said?

i bought in because of the huge potential in this :

SYNDICATE aims to be the Next Generation Product Management Platform that connects businesses with their consumers.
SYNDICATE will feature a fully integrated Management System geared to assist business owners in keeping track of their Inventory, Sales and Expenses.
All the Records & Sales reports you choose to create will be fully exportable in multiple formats to supplement the software you’re currently using for financial management.
The Syndicate wallet aims - by design - at a mulifaceted modular functionality; as such, it's peripheral communications stack will continue to adopt inventory managment hardware (i.e. readers, scanners, RFID, tags etc.) to optimize your current inventory managment business process in a none disruptive manner.
SYNDICATE aims to be the Next Generation Product Management Platform which will connect businesses with their consumers.

now it seems to be nothing more than a coin with PoS and masternodes.

whats the point of syndicate now?
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October 05, 2017, 10:44:40 AM
 #12

can someone explain if the coin is still trying to do what the original website said?

i bought in because of the huge potential in this :

SYNDICATE aims to be the Next Generation Product Management Platform that connects businesses with their consumers.
SYNDICATE will feature a fully integrated Management System geared to assist business owners in keeping track of their Inventory, Sales and Expenses.
All the Records & Sales reports you choose to create will be fully exportable in multiple formats to supplement the software you’re currently using for financial management.
The Syndicate wallet aims - by design - at a mulifaceted modular functionality; as such, it's peripheral communications stack will continue to adopt inventory managment hardware (i.e. readers, scanners, RFID, tags etc.) to optimize your current inventory managment business process in a none disruptive manner.
SYNDICATE aims to be the Next Generation Product Management Platform which will connect businesses with their consumers.

now it seems to be nothing more than a coin with PoS and masternodes.

whats the point of syndicate now?


Over the next couple of months, we'll develop the Syndicate network and software to accommodate future improvements. I can't say more than that, for now.

Meanwhile, through the Governance Platform, the community will choose the first step in making SYNX more than a coin with PoS and masternodes. We already have 3 beautiful projects in there, and we're hoping the community can help us with more ideas.
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October 05, 2017, 11:05:30 AM
 #13

can someone explain if the coin is still trying to do what the original website said?

i bought in because of the huge potential in this :

SYNDICATE aims to be the Next Generation Product Management Platform that connects businesses with their consumers.
SYNDICATE will feature a fully integrated Management System geared to assist business owners in keeping track of their Inventory, Sales and Expenses.
All the Records & Sales reports you choose to create will be fully exportable in multiple formats to supplement the software you’re currently using for financial management.
The Syndicate wallet aims - by design - at a mulifaceted modular functionality; as such, it's peripheral communications stack will continue to adopt inventory managment hardware (i.e. readers, scanners, RFID, tags etc.) to optimize your current inventory managment business process in a none disruptive manner.
SYNDICATE aims to be the Next Generation Product Management Platform which will connect businesses with their consumers.

now it seems to be nothing more than a coin with PoS and masternodes.

whats the point of syndicate now?


Syndicate will only begin now to have a point and purpose. We made a  priority to fix the current wallets and deliver a new, fresh look. Within the next wallet update that it's under current development we will integrate the Product Management Platform and our Governance Platform alongside the new projects. Please read the bluepaper http://syndicateltd.net/bluepaper.pdf



New wallet isnt work on macos. (Sierra, High Sierra)
Hosting for masternode - pre-customized for use masternode or just hosting?
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October 05, 2017, 11:08:12 AM
 #14

Hi,

Good :-)

Any upgrade guides of wallet to new version of wallet? dont want to loose coins and masternode during upgrade.

/Securedig

Just download the new version and run it. If you're having any issues finding connections, just delete your old "peers.dat" file.
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October 05, 2017, 11:18:30 AM
 #15

What is the min. to stake?

Idk but i have 948 and staking 10 synx day

Is this new wallet good? Mine is perfectly synced i am using 1.0.0.7 version.


Give it a try. It has better connectivity and doesn't freeze.
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October 05, 2017, 11:27:17 AM
 #16

So it's the bluepaper now, not the whitepaper.
Is that because of the community take-over?  Grin

(                                   ▄▀▀▀▄
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)     MB8Coin       .                           
     The new fuel for an existing........
     Loyalty Rewards Network...........
(   WEBSITE   ) (   FACEBOOK   ) (   TWITTER   )
.
(       WHITEPAPER      ) (      ANN THREAD       )
────────────────────────────────────────── 
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October 05, 2017, 02:01:58 PM
 #17

Hi All,

I'm trying to run Synx Masternode? I have followed the instructions from : https://github.com/u3mur4/syndicate.....but I'm stuck at 2.3:

wget https://raw.githubusercontent.com/u3mur4/syndicate/master/synx.py && python synx.py
it doesnt work I'm getting the bellow message

 * Documentation:  https://help.ubuntu.com/
New release '16.04.3 LTS' available.
Run 'do-release-upgrade' to upgrade to it.

Last login: Thu Oct  5 10:12:30 2017 from poi78-1-88-179-216-1.fbx.proxad.net
root@vultr:~# wget https://raw.githubusercontent.com/u3mur4/syndicate/master/syn                                                                             x.py && python synx.py
--2017-10-05 10:17:05--  https://raw.githubusercontent.com/u3mur4/syndicate/mast                                                                             er/synx.py
Resolving raw.githubusercontent.com (raw.githubusercontent.com)... 151.101.120.1                                                                             33
Connecting to raw.githubusercontent.com (raw.githubusercontent.com)|151.101.120.                                                                             133|:443... connected.
HTTP request sent, awaiting response... 200 OK
Length: 10708 (10K) [text/plain]
Saving to: 'synx.py.13'

100%[======================================>] 10,708      --.-K/s   in 0s

2017-10-05 10:17:05 (126 MB/s) - 'synx.py.13' saved [10708/10708]

Traceback (most recent call last):
  File "synx.py", line 12, in <module>
    NODE_LIST = urlopen('https://transfer.sh/14vce1/nodelist_09_10.txt').read()
  File "/usr/lib/python2.7/urllib2.py", line 127, in urlopen
    return _opener.open(url, data, timeout)
  File "/usr/lib/python2.7/urllib2.py", line 410, in open
    response = meth(req, response)
  File "/usr/lib/python2.7/urllib2.py", line 523, in http_response
    'http', request, response, code, msg, hdrs)
  File "/usr/lib/python2.7/urllib2.py", line 448, in error
    return self._call_chain(*args)
  File "/usr/lib/python2.7/urllib2.py", line 382, in _call_chain
    result = func(*args)
  File "/usr/lib/python2.7/urllib2.py", line 531, in http_error_default
    raise HTTPError(req.get_full_url(), code, msg, hdrs, fp)
urllib2.HTTPError: HTTP Error 500: Internal Server Error
root@vultr:~#


can you help please
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October 05, 2017, 11:42:21 PM
 #18

Looks nice guys! I like that you can pay for your masternode hosting with SYNX from your staking rewards.
Can't wait for WorkX market and Radix. That's going to be awesome. : D

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October 06, 2017, 01:35:49 AM
 #19

Wow, Interesting . Already listed in Big exchange (Bittrex) with a good price. I Hope i can join for your bounties in here  Cheesy

Goodluck to Syndicate.

finamathmatics
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October 06, 2017, 01:50:49 AM
 #20

very good project! Limited supply and cheap price, the price rise 4x times easy!!!

for stake guys: take a look here: https://masternodes.pro/


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