Topic: ⚒ Syscoin -Blockchain Scalability, Trustless Interoperability for ERC20 projects - page 39. (Read 501963 times)

Syscoin (SYS) saw the highest trading volumes in the past three months, as listing on Binance immediately added much-wanted activity. The SYS digital asset is behind the network of decentralized online stores. Syscoin fell by 5.6% on Thursday, down to $0.34, making even sharper regains against BTC. Syscoin has been around since 2015, trading sideways with a sub-penny price, before spiking to current levels in 2017, along with other altcoins. On the positive side, Syscoin has a working marketplace integrated into its wallet. But in 2018, Syscoin is facing some regulatory hurdles, mostly in discussion with the US Securities and Exchange Commission. More and more projects are being investigated and the digital assets tested for being exempt from security status.

As a result of the need to prove that the organization is not spreading unregistered securities, the launch of Syscoin 3.0, a marketplace and ecosystem with additional complexity, has been rescheduled to April 30.

“Given the recent SEC update, this analysis is more important than ever, especially as some trading platforms have been delisting tokens that have not made an effort to take compliance seriously,” wrote the company in a blog.

It is unknown how the news would affect the Binance trading levels and price bidding. Binance is not under the authority of regulators, and because it is a crypto-only exchange, the price of SYS is up to the international community, or Asian traders, to define.

Binance has listed SYS in pairs against BTC, ETH, and Binance Coin (BNB), as it usually lists new pairs. Immediately, trading on the exchange took over more than 36% of SYS daily volumes, displacing Upbit as the top exchange. But within the exchange, the asset is still out of the spotlight, while traders are focusing on other assets, this time TRON (TRX) taking the lead.

With the addition of Binance, SYS is getting a slightly different risk profile. But with markets in correction, the coin is far from the peak near $1, and remains volatile. Because the leading SYS trading is against Bitcoin, and the dollar price is set that way, the fate of SYS is tied up with the position of BTC, which is having another period of weakness around $7,500.

Binance Lists Syscoin (SYS)

SYS/BNB, SYS/BTC and SYS/ETH trading pairs are now available on Binance for trading. You can start depositing and trading SYS now.

Syscoin Prices, Graphs, Calculator and other important info are now available at http://CryptoIndex.co/syscoin

Feel free to send us an e mail if you have any recommendations, suggestions, comments for our portal improvement at [email protected]

Syscoin Community Welcome to http://CryptoIndex.co/  

Finally! Very good news, just thinking about sharing joy

At least the SEC did not come down on crypto with a hammer in the meetings it had recently. They are concerned about ICO's which we all must agree have a gotten a little out of hand. Nobody want to buy the next bitconnect.

Binance Lists Syscoin
https://support.binance.com/hc/en-us/articles/360002185452
SYS/BNB, SYS/BTC and SYS/ETH trading pairs are now available on Binance for trading.
You can start depositing and trading SYS now.

The US is also one of the most hostile to crypto - I also think the rest of the world is far more important than the US, especially as far as SYS is concerned.

The United States is one of the most important parts of the cryptographic world, and the relevant policies inevitably affect it, and SYS can choose to stay away from it.

I think this is good that Syscoin will take more focus on regulators working with the legal team to define and strengthen the view that Syscoin is not a security. This could be a huge problem for many cryptocurrencies in the future if they don't adjust their improvements and development to SEC rules.

My advice on this is "don't kiss their butts too hard". Just keep doing what you do and don't ask for permission. The SEC has no clue how Syscoin works, and even if they did they couldn't tell you if it conforms to their non-existent rules.  I don't see OpenBazaar running over to double check with SEC, and they just got a huge investment.

Thanks for listening

go up and go down. thats normal way in finance. But sys is doing great. im waiting for news from next months

As most people who follow the blockchain space will know, there have been several important regulatory developments over the past few months, some of which are applicable to Blockchain Foundry and Syscoin, and all of which we need to pay close attention to.

On March 7, the SEC released its “Statement on Potentially Unlawful Online Platforms for Trading Digital Assets”. In reference to online cryptocurrency exchanges, part of the statement reads: “A number of these platforms provide a mechanism for trading assets that meet the definition of a ‘security’ under the federal securities laws”. This has important implications for many blockchain companies such as Blockchain Foundry and cryptocurrency projects like Syscoin, who strive to meet rapidly changing compliance standards.

Over the past several months, Blockchain Foundry has been working with our legal team to define and strengthen our view that Syscoin is not a security. Given the recent SEC update, this analysis is more important than ever, especially as some trading platforms have been delisting tokens that have not made an effort to take compliance seriously.

We have been advised that because Syscoin 3.0 introduces a new level of complexity and functionality into our protocol, it is necessary to undertake a similar analysis of the Syscoin 3.0 protocol prior to release. This analysis will ensure that Syscoin remains actively listed and traded at all exchanges who are taking compliance seriously.

These analyses take time and we are therefore rescheduling the release date of Syscoin 3.0 to April 30th, 2018. Our original target of March 31st is no longer valid because it is of paramount importance that we remain compliant and that we do things properly at this juncture if we are going to remain a credible player in the space. We understand that we are making short term sacrifices in order to endure the long haul and compliance is the only way to do that.

The new release date give us more time to perform additional security and performance testing while the analysis is being completed. We thank our amazing community for its support and will continue to provide updates as they are available for the Syscoin 3.0 release.

We never know when the rates of crypto currency will go high. And in case even if doesn't,there is no loss in registering and giving it a chance.

Good job team!

so, fork will be on 31 March. I hope in April we will get more exchanges and more liquidity. Web release in Q2, right?

conducting ICO is now not only a good way to collect a solid amount of money, but also an excellent promotion of the product around the world. After all, every day more and more people are interested in crypto currency.

Is it possible to buy tokens for BTC??

The partnership will go far beyond just building BitCab app on Syscoin blockchain:
- We are very excited to have Jagdeep Sidhu, Syscoin Core Developer, and Brad Hammerströn, Syscoin CMO, joining BitCab as Advisors. They will share their insights and provide support on both development and marketing
- The partnership will enable BitCab to tap into amazing Syscoin community of tens of thousands of crypto enthusiasts. In addition to access to Syscoin social media channels, we plan to give back to the community by airdropping 4.5% of tokens sold in the ICO to existing SYS holders. This will align incentives and bring the early adopters into the ecosystem: any network only becomes valuable once critical mass of early adopters starts using it, such as collectors for EBay, LIONs for Linkedin and Harvard students for Facebook. Our critical mass can come from crypto enthusiasts holding SYS. To incentivize these early adopters to use BitCab app, we will offer to refund initially airdropped tokens to anyone who uses them on BitCab ecosystem (i.e., actually buys ride(s) on the platform - as opposed to just selling or holding the tokens) in the first 60 days after BitCab app is launched.
- With Syscoin reach and Brad’s marketing expertise, we will be able to get the word about BitCab to many more potential users, bringing the decentralized future of mobility to reality faster.

This is an exciting step forward for both projects - giving BitCab unparalleled blockchain functionality and increasing our reach while adding a new high potential ICO and a new use case to Syscoin platform. We look forward to building the decentralized future of mobility and commerce together with Syscoin!

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