Delving into the Tokenomics of SYS

Tokenomics or token economics refers to the study of the economic systems that drive the crypto industry. SYS coin, the native currency of the Syscoin platform, embodies a well-thought and robust tokenonomic model which primarily aims at creating a scalable, business-oriented platform that ensures security, cost-effectiveness, and fast transactions.

Launched in 2014, Syscoin laid the foundation for a hybrid blockchain-combining the best of Bitcoin's infrastructural security and Ethereum’s smart contract functionality. The SYS coin fuels this amalgamation.

One pillar of SYS's tokenomics involves its supply details and distribution strategy. The total supply of Syscoin stands at 888 million and adopts a deflationary distribution mechanism, whereby the block rewards decrease over time; this cultivates a sense of scarcity inspiring a potential increase in token value in the longer run.

In addition, SYS token caters to a plenitude of utilities on the Syscoin platform. SYS is essential for accessing services within the Syscoin ecosystem, namely Syscoin Assets, Syscoin Platform Tokens (SPTs), and Z-DAG protocol.

Syscoin Assets and SPTs, which are built on the Syscoin’s protocol, enable users to create their custom tokens representing real world or digital assets and certificates. SPTs bring forth a compartmental security advantage, where users can have individual tokens without the need to set up a separate network. It is here that the SYS token plays its part, used not just as a currency but as a key to access these digital assets.

A Glimpse into the SYS Coin's Utility

Under the hood, the SYS coin's utility ranges from use in transactions to serving as a fee for Syscoin services, including creating assets, sending transactions, and executing smart contracts. SYS tokens are also used as a means for securing the network through Proof of Stake (PoS), thus enforcing network security and consensus.

The Syscoin’s Z-DAG protocol promotes an appealing use-case for the SYS coin. Traders around the globe need a system where they can conduct transactions in real-time to avoid any price slippage; Z-DAG serves this purpose by allowing real-time transactions with the use of SYS coins.

The tokenomics of SYS coin shape it as a facilitator for seamless business trading, providing the security, speed and cost benefits necessary for businesses to thrive.