New York, United States - May 10, 2022 —
Sintryx is the world’s first Solane based CeDeFi platform. The company aims to decrease the distance between market participants and simultaneously bring liquidity to the secondary trading for traditional cryptocurrencies, STOs and fractionalized shares in the metaverse, NFT assets, venture capital and real estate.
Sintryx enables investors to spread capital across the full spectrum of digital and real-world assets with their native token $TRYX. Holders can use the token and invest in almost all digital assets, such as NFTs offered in the crypto space. By staking a minimum of 5% of the token as collateral, holders can invest in real-world objects.
The Sintryx Platform has a decentralized approach for approving listing applications on the Marketplace. When a listing specific threshold of pre-votes through the allocation of Sintryx tokens has been reached, owners can petition to receive funding for the offered items or tool. In return, investors can invest 98% in the pre-voted listing. The advantage of such a system is that the market and the listing have a direct relationship that dynamically reflects supply and demand.
“Impermanent loss happens when holder provides liquidity to a liquidity pool and the price of the deposited assets decreases compared to when it was being deposited,” said a spokesperson for Sintryx. “The bigger this change is will result in more exposure to impermanent loss. But at Sintryx, an Impermanent Loss Coverage mechanism is implemented to mitigate losses on liquidity providers. This is to help investors minimize their loss in their investment.”
The Metaverse market size is estimated to grow by 13.1% per year towards an 800 billion market size by 2024. The team at Sintryx recognizes the vast possibilities of in-game financial economics and cross-chain exchange of NFTs through Blockchain Solutions like Wormhole. The team structures a footing in providing Investors and Owners to grow with the valuation of Metaverse assets.
Interested investors can head over to the Sintryx website or get more information through their whitepaper.
About Sintryx
Sintryx is a company that aims to bring the power of the market to the smaller investor, while simultaneously maximizing profits for the bigger investor on one platform. Through the usage of the company native token $TRYX, Sintryx enables investors to spread capital across the full spectrum of digital and real-world assets.
Contact Info:
Name: Sintryx
Email: Send Email
Organization: Sintryx
Website: https://www.sintryx.com/home
Release ID: 89074352
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