Syscoin (SYS) is a dual-layer blockchain platform that combines the best features of Bitcoin and Ethereum. It offers the reliability and robustness of Bitcoin and the smart contract and decentralized application (DApp) development capabilities of Ethereum in a single platform. Syscoin has a base layer secured by Bitcoin's Proof of Work (PoW) mechanism and a second layer that offers high scalability. With compatibility with Ethereum Virtual Machine (EVM), low transaction fees and fast transaction speeds, Syscoin is considered a strong platform in terms of security and flexibility.
SYS, which has risen 29.59% in the last 24 hours and at the time of writing, is among the day's risers. The world's largest cryptocurrency exchange announced that it will launch 50x leveraged Tether (USDT) margin futures for Syscoin (SYS). The SYSUSDC contract will open for trading on August 19th at 15:30 PT. Initially, funding rates will change every 4 hours in the range of 2%, but these rates and trading limits are expected to change over time depending on market conditions. This development may have had a positive impact on SYS price.
