Recently Syndicate discovered a 3rd party exploiting the rewards for masternodes and Proof-of-Stake. The project decided to stop its activity on all the exchanges and upgrade the operating blockchain. The transition is to happen on May 8.
The upgrade will concern the Proof-of-Stake - v3.0 is going to be launched. The rate of the swap is set at 1:1. Users may keep their masternode or wallets open to receive rewards. The startup will release the updated guides to set up trustless Proof-of-Stake transactions and masternodes.
Regarding the exchanges, Cryptopia will not support the swap, but will provide the chance to list anew for a reduced fee. SYNX funds should be withdrawn from Cryptopia until the swap date. On the other hand, Bittrex will support the swap with only one limitation: wallets might not be open for transfers until May 8.
More on the announcement can be found here. And as for the market parameters for Syndicate at the moment of publication, they are as follows:
- Average price: $0.579007
- Market cap: $11,308,962
- Volume (24H): $186,192