SysCoin is a decentralized Marketplace.
- What is SysCoin (SYS)?
Syscoin is a global network, a distributed ledger, a decentralized database and a blockchain. It is also a cryptocurrency, an altcoin, a digital currency and a tradable token.
- How was SysCoin launched?
Development work on Syscoin 1.0 started in March 2014, but it was only publicly announced on 16 April 2014 on Bitcointalk. Presale began on 19 July 19, 2014 at 0.00000465 BTC/SYS, with Moolah.io as escrow agent. ICO price was .00000518 BTC/SYS. Full launch was announced on 16 August 2014. The ICO raised 1500 BTC of which 250 BTC was used for “buy support.” Moolah (Ryan Kennedy aka Alex Green) stole the remaining 750 BTC. Syscoin has been in litigation against Moolah since October 2014 to recover the stolen BTC.
- Who is the team behind SysCoin?
The Syscoin development team persisted with the project despite set-backs associated with the loss of initial funds, working the project in conjunction with their day-jobs during this early period. Development Team consists of Sebastian Schepis, Dan Wasyluk, Michael Wheeler, Jonathan Heald, Soeren Pederson, Sebastien DiMichele.