HOW TO: invest with Synapse Network & Tier System reminder

The upcoming XYRO Private Sale is up to grabs and we are coming to you with a small reminder on how to easily invest with Synapse Network & the new Tier System Reminder

How to invest with Synapse Network step-by-step?

1. Firstly, you have to register yourself at app.synapse.network & pass the KYC verification. It’s quite simple and you can find the comprehensive guide on the KYC process & platform registration directly in our guidebook. Here you can see the details regarding the registration process & and here we’ve prepared a step-by-step guide through the KYC process
2. After that, you should pick the best $zkSNP staking solution that will give you a chance to secure your allocation spot
3. Buy $zkSNP here: Click
4. To stake $zkSNP tokens, go to our platform. Remember to log in if you already have an account. Then make sure your wallet is connected to the zkSync Era network
5. The next step to stake tokens is to go to the “Staking” tab and then select “zkSNP Staking” or LP Staking, depending on the tokens you have.
6. Then we choose our preferred staking path, the conditions it offers and click approve. After confirming the transaction with the wallet, we click stake and confirm our willingness to stake the tokens again. That’s all!
7. The specific description of the $zkSNP staking & Liquidity Providing is available here
8. After all — don’t miss the registration period for the specific sale! Right now the XYRO Private Sale registration is open. To register yourself for this sale, click here

Pssst… Currently, you can secure your guaranteed allocation by staking just $120 in $zkSNP! It will give you the guaranteed allocation for the XYRO Private Sale & upcoming sales!

Tier System reminder

We would also like to remind you that last year we changed our Tier System. Tier System offers 10 levels:

To reach a certain level, you must stake zkSNPs and obtain a certain amount of zkSNP Power. You will also get the required amount thanks to the multipliers offered by our staking.

Thanks to multipliers, even with a small number of zkSNPs you will achieve a higher zkSNP Power total. Reaching the appropriate Tier will allow you to take part in one of our rounds or lotteries. Additionally, each level offers a different pool multiplier that increases your allocation spot amount. You can check how this works in the example.

By achieving 40k zkSNP Power you will receive a guaranteed allocation.

By achieving less than 40k zkSNP Power you will have a chance to win an allocation through the lottery.

The percentage chance of winning an allocation in the lottery differs for the Early Birds, Bargain Hunters and Reaches levels, with 10%, 25% and 50% chances of winning respectively.

How does the allocation multiplier work and how is the allocation distributed?

Let’s assume that, on average, 25% of zkSNP staker users have registered for a round.

The calculation is made after counting the registered people per round.

The amount to be raised in a given round is $50,000 and the base allocation has been calculated at $60.85 (basic allocation, this is the allocation from the Early Birds Tier)

Having a level Night Owls (40,000 zkSNP Power) the allocation multiplier is 2.

Your guaranteed allocation is therefore 2 x $60.85 = $121.70

Having a level Treasure Hunter (100,000 zkSNP Power) the multiplier is 5.

Your guaranteed allocation is therefore 5 x $60.85 = $304.25

We calculate the allocation in the same way for the other levels.

The allocation is scaled linearly

Assuming that 25% of the users will participate in the round, and the pool size of the round is $50,000 — the allocation will be $60.85 as in the example above.

However, when the pool of the round is $100,000 with 25% of users participating in the round, the allocation will be 2x more (because the pool is 2x bigger) than it is already $121.70 etc.

If you have any further questions regarding the upcoming sale, staking, or registration process, check out the guidebook here: https://synapse.network/guidebook or simply reach out to our admins via TG!

About Synapse Network

Synapse Network is developing a cross-chain investment and start-up acceleration ecosystem based on blockchain technology to give everybody an equal chance to contribute to great upcoming projects and to do so early on. We are bridging the gap between the traditional & crypto markets. The idea of the Synapse Network technology goes beyond the standard offer of launchpads available on the market, becoming a true technological brand providing tech solutions.

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