Sylo

SYLO is an ERC-20 token on Ethereum for Sylo, a project building decentralised communication infrastructure, including a wallet and messaging components. The project publishes a whitepaper and maintains public repositories. The token settles on Ethereum, while the communication services it relates to run as separate network software.

Rather than routing calls and messages through servers owned by one provider, a decentralised communication network relies on independently operated nodes to relay traffic, with participants compensated in the network's token. The intended benefits are censorship resistance and no single operator holding all metadata; the trade-off is more complex routing and reliability engineering.

In networks of this design the token is used to pay for relay and infrastructure services and to compensate the operators providing them. SYLO's specific mechanics are set out in the project's whitepaper. Because it is an ERC-20 token, holding and transferring it requires ETH for fees regardless of how the network itself operates.

Sylo is currently priced at $0.000004617, up 0.00% in the last 24 hours. It is ranked #3252 by market capitalization. Over the past 7 days, SYLO is down 8.51%.

Sylo has a market capitalization of $46,167.58.

There are currently 10.00B SYLO in circulation. Sylo has a maximum supply of 10.00B SYLO, meaning no more than this amount will ever exist.