Synternet NOIA Price $ 0.189

Syntropy is a decentralized project that aims to provide next-gen connectivity technology for the Internet. It was created with the goal of solving the issues facing the current Internet framework. Such issues include security, governance, reliability, privacy, and inefficiency. Syntropy leverages blockchain, encryption, and optimized routing to achieve its goals. It also deploys a unique economic model. In this manner, Syntropy functions as a connectivity layer designed for the Internet.

NAOI is the platform’s native cryptocurrency.

What are Syntropy’s key features and how does it work?

The technology used by Syntropy introduces a unifying layer that is compatible with the current internet infrastructure and its array of protocols. It transforms the public internet by prioritizing security and being user-centric, as well as including built-in optimization and encryption for everything connected to it. Syntropy also provides a solution to current scalability issues facing the internet.

Additionally, the platform is entirely governed by its users. To incentive more users, network participants are rewarded for sharing their technology and engaging with Syntropy. Network participants include:

• Validators. Responsible for chain governance and network governance.
• Nominators. Stake tokens and earn interest on tokens staked,
• Relay Nodes. Run DARP to connect with other Relay Nodes and Clients. They also play a crucial role in the network’s Proof-of-Uptime and Proof-of-Bandwidth models.

Another key part of the project is its Global Data Routing Network. This works by gathering intelligence from global Internet networks and routing data via the most optimal path at any time. The Syntropy Network deploys an NPoS consensus model and is developed on Substrate framework. Its consensus mirrors that of Polkadot, which is a hybrid model consisting of GRANDPA and BABE.

What is noteworthy about Syntropy?

The entire Syntropy ecosystem is open-source. This means that a diverse selection of applications can be easily integrated into all aspects of the platform’s technology. 

What can NOIA be used for?

NAIO is a utility token at its core and facilitates transfers across its home network. As such, the NAIO token can be used to interact with all applications and projects within the network’s ecosystem.

In more detail, it is used for:

• Establishing connections that are end-to-end encrypted;
• Storing and changing network configurations;
• Buying and selling bandwidth contracts;
• Data routing through the Syntropy network.

Where can you buy NOIA?

NOIA is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Gate.io, KuCoin, and Uniswap V2. The price of NOIA will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for NOIA market price, please view the price charts on this page.