SIS

Symbiosis Finance price

SIS
|
3.6/5
CyberScope
3.6
05/22/2024
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USD
USD
$0.28120
+1.92%
1h
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Symbiosis Finance price live data

The current price of Symbiosis Finance is $0.28120. Since 00:00 UTC, Symbiosis Finance has increased by +1.92%. It currently has a circulating supply of 9,715,000 SIS and a maximum supply of 0 SIS, giving it a fully diluted market cap of $2.74M. At present, Symbiosis Finance holds the 308 position in market cap rankings. The Symbiosis Finance/USD price is updated in real-time.

Symbiosis Finance price performance in USD

Time periodChange amount%Chg
Today$0.0052981 +1.92%
7 days-$0.02720 -8.83%
30 days-$0.07530 -21.13%
3 months-$0.11160 -28.42%

Symbiosis Finance market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.26630
Last price $0.28120
24h high$0.28540
Heat index ranking
199
Market cap ranking
308
Market cap
$2.74M
Favorited rate
Percentage of users who favorited this asset to all users
0.57%
All-time high
$5.6490
-95.03% (-$5.3678)
Jan 17, 2022 (2 years ago)
All-time low
$0.054700
+414.07% ($0.22650)
Jan 25, 2023 (1 year ago)
ICO date
11/18/2021
ICO price
The price at which this crypto was first traded
$0
Circulating supply
The amount of this crypto that is publicly available in the market
9,715,000 SIS

About Symbiosis Finance (SIS)

Symbiosis Finance is a decentralized exchange (DEX) and liquidity protocol that enables users to easily swap crypto tokens across all major blockchains without incurring multiple gas fees. Deployed on Ethereum, SIS is the name and ticker symbol of Symbiosis Finance's native staking and governance token.

With Symbiosis Finance, users do not have to switch between virtual networks to swap crypto tokens. For instance, you can instantly swap an Ethereum-based token for Solana or Polygon without changing networks manually. To achieve this, Symbiosis Finance automatically routes your swaps through stablecoin liquidity pools, which also minimize volatility.

Symbiosis Finance is decentralized and non-custodial. It is audited by Zokyo and Omniscia. The protocol bridges as many token pairs as possible across all major blockchains. To top this off, Symbiosis Finance uses existing automated market maker (AMM) DEXs like Uniswap and PancakeSwap to find the best route for your swap. The Symbiosis Finance mainnet currently supports Ethereum, Polygon, and Avalanche.

App developers can access Symbiosis Finance's mobile SDK (software development kit), which allows users to create their own decentralized crypto exchanges and work with non-custodial wallets. The SDK is not limited to mobile applications; it also supports desktop and server app development.

SIS can be used for transactions within the Symbiosis Finance protocol, protocol governance, and to run a relayer's node. SIS token holders can also stake their tokens on the Symbiosis Finance platform to earn additional SIS tokens.

Symbiosis Finance also has sTokens to facilitate cross-chain swapping. These sTokens, such as sBUSD, follow the price of their underlying asset and are unrelated to SIS' price.

SIS price and tokenomics

SIS tokens have a total supply of 100 million. 22 percent of SIS tokens were distributed to their funding rounds: 10 percent to their seed round, 6 percent to their private round, 4.7 percent to their strategic round, 0.55 percent to their DaoMaker public round, 0.65 percent to public round Y, and 0.10 percent to public round Z.

Of the remaining supply, 10 percent was allocated to liquidity farming, 15 percent for rewarding node runners, 10 percent for protocol liquidity, and 5 percent for relayers auction. In addition, 18 percent were given to the founding team and 5 percent to project advisors. The remaining 15 percent was reserved for the treasury.

All SIS token allocations follow a release schedule of up to 61 months. The exception is the node runner rewards, which will be vested for 121 months. As the unlocked tokens enter circulation, the performance of SIS price charts will be impacted.

About the founders

The core team of Symbiosis Finance includes CEO Will Kamalov, CTO Alex Lushnikov, CMO Nick Avaramov, advisor Ross Jones, and marketing lead Diana Kovaleva.

Symbiosis Finance has raised $2 million. They are backed by prominent names like Polygon, Avalanche, Algorand, Spartan, Blockchain.com and Dragonfly Capital, among others. Symbiosis Finance also has partnerships with iMe, Chainstack, Unique Things and Hyper Pay, to name a few.

Symbiosis Finance highlights

Symbiosis Finance partners with Liquidifty

On June 21, 2022, Symbiosis Finance announced its partnership with Liquidifty, a leading cross-chain NFT launchpad and marketplace, to automate NFT purchases for Liquidifty users. Liquidifty boasts a simple interface that allows users to easily trade NFTs and set up an NFT store with marketing support from the team.

With Symbiosis Finance's solution, Liquidifty users no longer have to worry about different gas tokens or switching between bridges and DEXs. Instead, they will be able to buy NFTs with the cryptocurrencies they already own.

SIS FAQ

What is SIS?

Symbiosis Finance is a multi-chain decentralized exchange and liquidity protocol for one-click crypto swaps between all major blockchain networks. SIS is the name and ticker symbol of Symbiosis Finance's ERC-20 native staking and governance token.

How does SIS work?

Symbiosis Finance's architecture includes a front-end interface, a cross-chain liquidity engine and a relayer's network.

The front-end interface collects asset information, maps optimal swap routes and helps users sign and send transactions on-chain. The cross-chain liquidity engine is a set of smart contracts deployed on every supported blockchain network. It gives access to AMM liquidity across all blockchains. Lastly, relayer nodes are decentralized custodians that listen to swapping events, reach a consensus on that event, and sign and execute transactions to the requested chains.

Symbiosis Finance swaps tokens using a stablecoin liquidity pool. The user's token is first swapped for a stablecoin, which is later exchanged for another stablecoin on the destination chain. The stablecoin on the destination chain is then swapped for the requested token.

What is the difference between SIS tokens and veSIS tokens?

SIS tokens serve as Symbiosis Finance's native and governance tokens. On the other hand, veSIS tokens are awarded to users when they stake their SIS tokens.

Is Symbiosis Finance a custodial or non-custodial protocol?

Symbiosis Finance is a non-custodial service that allows users to control how their money is held and spent. The project's financial team has no knowledge of or access to the funds of its users, making it a truly decentralized protocol.

Where can I buy SIS?

Easily buy SIS tokens on the OKX cryptocurrency platform. OKX’s spot trading terminal includes the SIS/USDT trading pair.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for SIS with zero fees and no price slippage by using OKX Convert.

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