SYS, Syscoin is exploding against a red market today.
Reason being the start ob SYS/CNY trading that began today at chinese exchange BTC38.com.
You can see the start marked with red circle.
What is SYScoin? Bussiness on Blockchain.
Syscoin is a revolutionary cryptocurrency that not only allows low-cost financial transactions like Bitcoin, but provides businesses the infrastructure to trade goods, assets, digital certificates and data securely.
Syscoin isnt just about money and trading, it has the ability to attract all business types thanks to its native set of features geared towards the financial sector. Syscoin offers benefits to everyone from eBay traders, to High Street shops and many more.
Unlike other cryptocurrencies, Syscoin’s intrinsic value is derived from the decentralized services it provides directly on the blockchain. The blockchain powers all Syscoin services. It is a decentralized system of record hosted by a series of “nodes” on the Syscoin network. Syscoin trades under the symbol SYS in virtual currency exchanges.
PS: By the time I am finishing this article the price of SYS is already at 9163 satoshis (Bittrex).
Please let me know what you think about Syscoin. Do you have any personal experience? Where do you see it in the future?
Thank you.
Really nice article, I haven't heart of syscoin until now, it seems similar to Ripple, and I know that they have already partnered with JP Morgan and other financial industries mostly banks, I don't see how it could compete against Ripple since its basically the banks crypto currency of choice (excluding Bank of America and a few others that endorse Ethereum).
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Good article. Thanks for bringing this to my attention. The price of a coin should depend on the quality of the product, the team behind it, if proffesional investors believe in it, and a lot more facets. I found this amazing platform: https://www.coincheckup.com I'm using this site that gives in depth reports on every tradable cryto in the market. Go to: https://www.coincheckup.com/coins/SysCoin#analysis To see the: SysCoin Investment research.