The SYSL token
About the SYSL token
Deployed on the Syscoin Blockchain, the $SYSL token has been a part and parcel of the SYSLink_DAO project. This is one of its many features which will serve as a mechanism for completing payments, earning staking rewards and engaging in governance.
Purpose: Serves as the native token for staking and platform governance.
Use Cases: Vendors pay listing fees in $SYSL for discounts; staking $SYSL will unlock staking reward tiers.
Mechanics: Users lock up $SYSL in a staking contract; rewards are distributed periodically based on staked size/duration.
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