Synternet Mainnet Launch on Cosmos Unlocks the Full Potential of $SYNT Token in the Decentralized Data Economy

Synternet, the blockchain powering modular data infrastructure across all major chains such as Ethereum and Cosmos, has announced the launch of its mainnet on Cosmos.

Web3 data infrastructure company Synternet announced Monday the launch of its mainnet on Cosmos, completing its Monaco phase and activating real monetary value for data within its multi-chain ecosystem.

The mainnet launch will enable the practical utilization of $SYNT and further propel its growth-focused Pikes Peak roadmap. It will also empower developers to build innovative applications that can leverage the power of real-time, trustless data streams from all major chains.

Highlighting the project’s commitment to democratizing data access, the launch on Cosmos will provide benefits such as reduced gas fees and faster transaction processing compared to other networks.

“The launch of Synternet’s mainnet on Cosmos is not just a technical milestone – it's the beginning of a new era for the decentralized data economy,” stated Synternet CTO Jonas Simanavicius. “With $SYNT, we're providing real utility, enabling users to pay for data services at reduced fees and ultimately fostering a more inclusive and efficient ecosystem.”

“The mainnet launch is a key event for Synternet, where we realize our vision for a decentralized data economy,” added CEO Daniel Haudenschild. “With the $SYNT token now powering monetary value for data, we've created meaningful opportunities for developers and businesses. As we celebrate this milestone, we also look forward to the future growth and expansion outlined in our Pikes Peak roadmap.”

At the heart of Synternet’s ecosystem is the $SYNT token, which serves as the primary means of payment for data services. From launch, users will be able to utilize $SYNT to access and pay for real-time data streams from various publishers across multiple chains.

Synternet also offers an attractive staking mechanism for token-holders, who will be able to participate in protocol upgrades, feature prioritization, resource allocation, and vote on proposals.

To participate in the Synternet ecosystem and become active participants in the decentralized data economy, users can visit the migration site at staking.synternet.com, which provides a user-friendly interface for staking $SYNT and managing tokens.

About Synternet

Synternet is a blockchain that powers modular, interoperable data infrastructure across all major chains. At its core lies the Data Layer, a protocol serving as the customizable execution layer between blockchains. Synternet’s AEAs (Autonomous Economic Agents) empower developers to build composable, use-case-specific applications that can execute on any data from any chain.

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