The Sylo Token

The Sylo token ($SYLO) is an ERC20-compatible utility token used as fuel across the Sylo Network and within the Sylo Smart Wallet.
By staking $SYLO, anyone can create a Service Peer and offer micro-services to applications running on the network.

Users of applications stake $SYLO so that they can pay Service Peers. The more users utilising the Sylo Network, the greater the volume of Sylos staked and spent across the network.

The Sylo token is also the native token within the Sylo Smart Wallet, and will be used in future for value added services and functionality.

Token Allocation

The Sylo Token has a total supply of 10,000,000,000 tokens.


25% Sylo Protocol

STATUS - PLATFORM TOKENS

This allocation is set aside for further development of the Sylo Network, the Sylo Smart Wallet, DApps and other platform initiatives.

12.5% Token Generating Event

STATUS - LOCKED

These tokens were allocated to token buyers during the Sylo Project’s 2018 TGE. These tokens are currently locked, becoming available to buyers in January 2021.

22.5% DN 3010

STATUS - LOCKED

These tokens were allocated to DN 3010 Ltd, the original creator of the Sylo Protocol and the Sylo Applications. These tokens are locked until October 2020.

10% Team/Dev Allocation

STATUS - LOCKED

Allocation to ensure core Sylo contributors are incentivised to further the project for years to come. 50% will be allocated in October 2020 then 25% in each of October 2021, and 2022.

20% Token Generating Event

STATUS - UNLOCKED

These tokens were allocated to token buyers during the Sylo Project’s 2018 TGE. These tokens are unlocked and make up the Sylo tokens total circulating supply.

10% Platform Incentivisation

STATUS - PHASED RELEASE

Tokens allocated to incentivising adoption of the network. These tokens are to be released over time for platform growth initiatives to benefit the network and community.

$SYLO is now available on


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Sylo Smart Wallet

Sylo Whitepapers

The Sylo Protocol

This paper presents a decentralised, peer-to-peer communication protocol upon which powerful decentralised applications are built.

Read The Sylo Protocol

Network Incentivisation

This paper presents a secure, scalable, incentivised peer-to-peer network which fairly rewards producers for the services they offer.

Read Network Incentivisation

Disclaimer

These documents contain general publicity and reference materials in respect of the Sylo Network, Sylo Protocol, Sylo Platforms, and SYLO Token, and is not intended to, and does not constitute any representation or warranty. Statements in this document (including but not limited to any product claim in respect of any product whether provided by a third party or otherwise) may not necessarily have been adequately or independently verified or supported by research, and you are required to exercise your own due diligence and judgment in relation to such statements, none of which should be construed or deemed to create any right, expectation, entitlement or be construed as imposing any duty, liability or obligation of any kind.

In some jurisdictions, the availability to users of any applications or functionalities in the Sylo products, if developed as described in this document (or with variations as may be), may be regulated by applicable law and regulation, and hence not all such services, features or products, if developed as described in this document (or with variations as may be), may be made available to users in a particular jurisdiction, or, if made available, may be subject to additional modifications, requirements, limitations, restrictions, terms or other conditions.

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