Synternet Announces the Accomplishment of Monaco Phase with Mainnet Release on Cosmos

Synternet, a well-known blockchain that powers integrated data infrastructure on prominent chains, has announced a new move.

Prominent blockchain Synternet, which fuels integrated data infrastructure across leading chains, has unveiled a new development. The platform is announcing the mainnet launch thereof on the popular blockchain Cosmos, marking the completion of the Monaco phase. This heralds a unique era for the decentralized economy, the company noted in the announcement.

Moreover, the development is said to be unlocking the full capabilities of $SYNT (the native token of Synternet). The initiative activates the real monetary value for data within Synternet’s multi-chain ecosystem, the company added. Other than that, the mainnet launch enables the practical usage of the firm’s token. It also furthers its growth-oriented roadmap “Pikes Peak.”

Furthermore, it allows the developers to build cutting-edge applications. These applications reportedly leverage the trustless and real-time data feeds coming from the main chains. Cosmos boasts a thriving ecosystem and a vast catalog of services, tools, and projects. With all of these, it provides a solid foundation for Synternet in the event of further growth.

The launch on Cosmos also brings benefits such as high-speed transaction processing and low gas fees, which are a key highlight in comparison to other networks. This also showcases the project’s dedication to democratizing data. Jonas Simanavicius, who is the chief technology officer of Synternet, also commented on this endeavor. The company is using $SYNT to provide real utility, the executive remarked.

The Initiative Provides Businesses and Developers with Unique Opportunities

Moreover, it enables users to pay reduced fees for data services. As a result of this, the platform fosters a more efficient and inclusive ecosystem, he added. Daniel Haudenschild, who is the chief executive officer of the platform, asserted that this launch marks the realization of the firm’s vision, which reportedly deals with the data economy through decentralization.

As $SYNT powers the monetary value of data, the company has built unique opportunities that empower businesses and developers, he claimed. The platform is pursuing expansion and growth as the Pikes Peak roadmap outlines, according to him. $SYNT mainly serves as a payment method for data services. Synternet also offers an interesting staking mechanism to support token holders. The company also urges users to visit its migration site to join the platform’s ecosystem.

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