$SYNC — Utility Token for Velia
$SYNC powers Velia’s P2P rails on Base: fees, staking tiers (reduced/zero fees), rewards, and escrow bonds.
Base-native
Low fees & fast finality. $SYNC aligns value with network usage.
Utility-first
Fee routing, staking tiers, rewards, and escrow bonds enforce real demand.
User-owned
Future governance to steer parameters and upgrades.
$SYNC Utility
- Fees: Send & Escrow fees are computed via FeeManager using $SYNC.
- Staking tiers: Hold/stake to reduce fees to 0% (see tiers below).
- Rewards: Cashback/referral rewards paid in $SYNC (programs TBD).
- Escrow bonds: Small $SYNC collateral to reduce spam & anchor reputation.
- Governance (later): Tokenholders can vote on key parameters.
Tokenomics (draft)
Supply
- Total supply: TBD
- Chain: Base (ERC-20, EIP-2612 permit)
- Ticker: $SYNC
Intended Distribution
- Community & Liquidity: TBD%
- Partners & Growth: TBD%
- Treasury & Grants: TBD%
- Core Contributors: TBD% (with vesting)
Vesting
- Cliff + linear vesting for contributor/partner allocations (e.g., 12–36 months).
- Onchain timelocks and multisig oversight.
Initial Liquidity
- Liquidity to be seeded on Base DEX/AMMs; contracts & addresses published at launch.
- Staking contract & fee tier eligibility to go live with token.
Fee Tiers
Standard
0.30%
No $SYNC required
Tier 1
0.10%
Hold 10,000 $SYNC
Tier 2
0%
Hold/Stake 25,000 $SYNC
Tiers are enforced by SyncFeeManager and SyncStaking; parameters may evolve via governance.
Roadmap highlights
- v0: Send & Escrow on Base with $SYNC fee routing and basic tiers.
- v1: Staking contract + referral/cashback rewards, developer SDK.
- v2: Governance, richer intents, and cross-app integrations.
Legal & Risk Disclaimer
$SYNC is intended as a **utility token** for the Velia protocol. Nothing here is financial, legal, or tax advice. Token parameters are subject to change and may be governed by community processes. Always do your own research and comply with applicable laws in your jurisdiction.