Thread by @LadyofCrypto1

$SYS did a 150x in 2017 and a 90x in 2021.

Not many cryptos from 2014 deliver those kinds of returns. Most old-school projects are barely even building, but Syscoin is.

Which makes it special and in this thread I breakdown why

🧵👇

First, full disclosure, I'm partnered with $SYS. My rules for partnership are:

1. I disclose.
2. I only partner with projects I'm invested in.
3. I'm free to share my true opinion, even if not always positive.

I shared $SYS before I partnered with them, here is why 😘

2/19

Do They Have Money To Build?

In a bear market, this is always my first question and yes, SYS has money. 100m SYS was allocated to the Syscoin Foundation to help grow its ecosystem.

Money in a bear market is good.

3/19

The Team

The core team is made up of 5 foundation members and 15 other members in various roles like biz dev, marketing, development, devops, etc.

They're also partnered with Pollum and Mimir which bring the power of 60 extra devs to SYS as needed.

4/19

The Team cont

In 2019, $SYS expanded its team and launched the Syscoin Foundation to help guide the project.

You can find out more about the team on the Syscoin website.

5/19

Are They Growing?

Yes, they've more than doubled their team in less than a year.

They are actively looking to expand further as their project develops. A project expanding its team in a bear market is always a great sign.

6/19

Tokenomics

The supply is uncapped and deflationary through the NEVM burning mechanism.

There are 758 million SYS in circulation but 100 mill is in the treasury it's arguable not in circulation.

7/19

Tech

The most exciting thing about $SYS is the tech!

They have a phased roadmap which tackles the main issues blockchain tech is suffering.

Check out their roadmap below.

8/19

Tech (Proof of Work)

Is PoW outdated? Many argue it is, even if they're right, PoW isn't going anywhere.

In order for $BTC to switch to proof of stake (PoS) miners need to vote for it, making it unlikely.

But why does #Bitcoin mining matter when we're talking about SYS?

9/19

Tech (Merge Mining)

Merge mining allows Bitcoin miners to mine both BTC and SYS at the same time with no extra energy cost.

PoW isn't going anywhere so SYS mining likely isn't either.

But why is merge mining good?

10/19

Tech (PoW Security)

It allows SYS to inherit Bitcoins PoW security which is in many people's opinion, more secure than PoS.

Merge mining is a win-win as miners are earning more and they aren't using more power and SYS leverages Bitcoins security.

11/19

Tech (NEVM)

These are scalable, fast and low-cost smart contracts secured by BTCs PoW. SYS is combining the best of BTC (security) and the best of ETH (smart contracts).

With ETH switching to PoS SYS will become unique in what it offers.

12/19

Tech (#Rollux)

#ZKrollups are becoming a buzzword in crypto and for good reason. Syscoins L2 (Rollux) will use ZK to achieve 210k tx/s 👀

You could argue that we don't need that many tx/s but it's bragging rights and shines the spotlight on SYS.

13/19

Tech (Rollux cont)
In order to promote the adoption of Rollux, it's going to be non-profit.

So Rollux is secure, fast, cheap and scalable making it one of the best options for builders, but only if they use it, which I will discuss later.

14/19

Use Cases

Syscoin combines the best of ETH n BTC. But with crypto moving towards PoS there may be no space left for PoW?

Well, I wouldn't count it out. I think a PoW blockchain using the security of BTC along with ETH smart contracts will gain users in a post-merge world

15/19

Ecosystem & TVL

That being said, right now the ecosystem and TVL are small. This is one of Syscoins biggest weaknesses and while it didn't stop them from doing a 90x in 2021 it might stop them from doing the same next bull run.

16/19

Ecosystem & TVL cont

But why is the TVL so low? Syscoin has advised ecosystem partners to focus on deploying to its L2, which isn't released yet.

This is where it's important to understand the relationship between the L1 and L2.

17/19

L1 & L2

The SYS L1 is an intentionally slow yet very secure L1 designed to support L2.

End-users want speed, which is what the L2 is for. Once the L2 is launched ecosystem partners will begin deploying on it and the TVL should rise.

18/19

Blockchain For The Future

SYS isn't focused on building fast, they are focussed on building right.

Syscoin is for people who are bullish on the future of blockchain and are serious about how it can improve the world long term.

19/19