Sylo Price

Sylo (SYLO) is a decentralized cryptocurrency that operates on the Ethereum blockchain. Launched in 2017, it serves as the native token for the Sylo network, a platform focused on secure communication and digital asset management. Sylo is designed to facilitate payments, incentivize network participation, and power various features within the Sylo ecosystem. As of 2025-08-29, Sylo ranks #2172 among all cryptocurrencies with a price of $0.000439. In the past 24 hours, it has experienced a -0.88% change, with a trading volume of $26.68K. The current market capitalization stands at $2.81M, with a circulating supply of 6.4B SYLO out of a total supply of 10B SYLO. Sylo can be used for various purposes within the Sylo network, including secure messaging, decentralized storage, and accessing premium features. The token also plays a crucial role in the network's governance, allowing holders to participate in decision-making processes. Looking ahead, Sylo aims to expand its utility and adoption. By 2026, the project plans to integrate more decentralized finance (DeFi) features, while 2030 could see Sylo becoming a key player in the Web3 communication and payments landscape.

Sylo was created on July 1, 2017. It was launched as a cryptocurrency operating on the Ethereum platform, aiming to provide solutions in the areas of communications, social media, payments, and digital wallets. Since its inception, Sylo has been working towards building a decentralized communication network and offering secure digital asset storage. The project has evolved over the years, expanding its ecosystem and partnerships to enhance its utility and adoption in the Web3 space. As of 2025-08-29, Sylo continues to develop and improve its technology, focusing on privacy, security, and user-friendly experiences in the decentralized world.

The founders of Sylo are Dorian Johannink and Ben Jordan. They co-founded the project in 2017 with the vision of creating a decentralized communication and financial platform. Johannink serves as the Business Director, while Jordan is the Technical Director. Both have extensive backgrounds in technology and entrepreneurship. The SYLO token was launched on 2025-08-29 as part of the Sylo ecosystem, which includes a messaging app and crypto wallet. Since its inception, the founding team has focused on developing privacy-preserving technologies and expanding the utility of the SYLO token within their decentralized network. Their leadership has been instrumental in guiding Sylo's growth and adoption in the Web3 space over the past few years.

Sylo operates on the Ethereum blockchain as an ERC-20 token. It functions as the native cryptocurrency of the Sylo network, a decentralized communication platform. Sylo tokens are used for various purposes within the ecosystem: 1. Incentivizing node operators: Users can stake SYLO to run nodes and earn rewards for supporting the network. 2. Accessing premium features: SYLO is required to unlock advanced functionalities in the Sylo Smart Wallet. 3. Facilitating microtransactions: Users can send and receive SYLO for peer-to-peer payments within the Sylo app. 4. Governance: Token holders can participate in decision-making processes for the network's future development. 5. DeFi integration: SYLO can be used in decentralized finance applications built on the Sylo network. The total supply of Sylo is capped at 10B SYLO, with 6.4B SYLO currently in circulation. The token's value is influenced by network usage, adoption, and overall market conditions. As of 2025-08-29, Sylo is trading at $0.000439 with a market cap of $2.81M. The project aims to enhance privacy and security in digital communications while leveraging blockchain technology for financial transactions.

Sylo is built on the Ethereum blockchain as an ERC-20 token. It utilizes smart contracts for secure and transparent transactions. The SYLO token serves as the native cryptocurrency of the Sylo network, powering its decentralized communication and payment ecosystem. The technical architecture includes: 1. Ethereum-based smart contracts for token functionality 2. Decentralized storage and messaging protocols 3. Peer-to-peer networking for direct user connections 4. End-to-end encryption for secure communications 5. Integration with the Sylo Smart Wallet for easy token management Sylo also supports cross-chain interoperability, with compatibility on the Polygon network to enhance scalability and reduce transaction costs. The token's total supply is capped at 10B SYLO, with 6.4B SYLO currently in circulation. This architecture enables Sylo to facilitate secure, private, and decentralized communications and micropayments within the Sylo ecosystem.

The future of Sylo looks promising. The project aims to expand its decentralized communication network and enhance its crypto wallet functionality. Key roadmap milestones include: 2025: Launching new features for the Sylo wallet, including improved asset management and DeFi integrations. 2026: Expanding the Sylo ecosystem by partnering with more blockchain networks and DApps. 2027: Implementing advanced privacy features and scaling solutions to handle increased network usage. 2030: Developing AI-powered tools for personalized user experiences within the Sylo network. 2035: Establishing Sylo as a leading decentralized communication and financial platform globally. The team is committed to continuous development, focusing on user adoption, technological advancements, and regulatory compliance. With its unique blend of secure messaging and cryptocurrency features, Sylo is well-positioned to capitalize on the growing demand for privacy-focused, decentralized communication and financial solutions in the Web3 era.