The last 3 tokens we shared in hot coins have performed well since then: BTC (+214%), YFI (+172%), HNT (+335%); and we are excited to share our next hot coin: SYNC.

SYNC tokens are the glue in the emerging crypto bond market, which behave as a similar instrument as traditional bonds. Using SYNCs ERC-20 tokens, you can lock uniswap liquidity pairs against them to make a trade able ERC-721’s(NFT), aka a CryptoBond. The project has already established a working product, and over 800 CryptoBonds and counting have been issued today.

Benefits of these CryptoBonds are that you get your principal amount returned plus interest, while also having the option to sell this bond on a NFT markeplace like OpenSea.io or Rarible. This long-term staking ability will provide stability for the DeFi ecosystem, while serving as a backbone for liquidity pools like Uniswap in the future.

One of the best parts of this project is the rare and unique artwork that accompanies each bond issued, which changes from generation to generation(pic below). SYNC has partnered with DexTools for the creation and tracking of CryptoBonds, which is already a functional partnership, churning out more bonds everyday.

SYNC is already up 3x in the past week alone, a result of the early strength of the project. Recently the project lead, Scott Bondsman, left their day job to focus 100% on building SYNC, a great sign for the future. SYNC is currently trading at $0.14 and can be acquired using Uniswap and an ETH wallet. It is still outside of the top 500 crypto marketcaps and there is plenty of room for the token to continue running!

Learn more about SYNC and how you can take part in this new crypto market creation at https://app.syncbond.com/

The opinions expressed on Crypto Bull are in no way financial advice and are only opinions. We are not responsible for any losses incurred as a result of reading our blog.