Second Sync domain sale pending. Small, quick deal but still, more revenue for rentals, more Proof of Concept.

On top of that, we've been giving away one BTC per week to a lucky Sync Renter. Three winners so far. The more Sync in your Rental acct, the better your odds of winning.

Hard to find the time to update here so make sure you follow our official Twitter acct:

https://twitter.com/syncfund

Say what you will but the market is hugely undervaluing the only profitable coin in existence.

How long will that last?

Not THAT is a steal!

Email us at sync at syncfund.com and we'll confirm it for you.

Enrollment for the current Rental period is now closed!

Response was huge, ALOT of Sync in the program. Thanks to everyone who enrolled.

This is gonna be fun 

Did you enroll and get a success message? If so, then an email confirmation was sent, check Spam.

Sync Rental Update

A few notes/changes to note before the Rental program officially opens at midnight tonight:

1. ALL current Whales and Profits/Renters must submit an application to the new program. Do so now if you haven't already, time is running out.

http://syncfund.com/stake/stake.html

2. Lease Period has been changed from 45 to 90 days to ONE to 90 days. That's right, it could close at any minute. More fun that way. Also keeps the markets guessing.

3. You'll be paid for all the coins staking on the Closing Date. You can increase or decrease the number of coins as long as you don't fall below three.

4. Win a Bitcoin! We'll be running our new algo that randomly picks winners from the Renter list. It's a weighted system so the more Sync you have, the better your odds of winning. Our first giveaway is a full Bitcoin.

We're very excited about the program moving forward, very excited about your participation. Cheers

You spoke, we listened. Lease period changed to ONE to 90 days - so it could happen at any minute. You are correct it is better to keep the market guessing.

http://syncfund.com/rental.html

Enrollment closes tonight at midnight CDT, get registered, it will be profitable AND fun!

http://syncfund.com/stake/stake.html

Updated: http://syncfund.com/rental.html

Money Quote: "Renters can increase or decrease the number of coins in the wallet during the Lease Period, noting that the Closing Date will come without notice. That is the risk, you don't know when it will 'close'."

So the trick is to get IN to the Rental program while enrollment is still open and then keep at least three coins to remain active.

Enrollment will close tomorrow night at 1159pm CDT.

http://syncfund.com/stake/stake.html

Sync is a grand experiment and thus we rely on feedback, remain flexible to the needs of holders.

In that regard, we listened and have made a change.

Previous guide called for Renters to be paid for the number of coins in the wallet IF they did not fall below their "locked" number.

That is changing, we will now lock in MEMBERS on the Closing Date - and pay for the coins in your wallet at the END of the period, the next Closing Date, which is kept secret.

So it doesn't matter if you have more or less coins, you'll get paid for them - all long as you don't fall below 3 Sync and are enrolled in the program before tomorrow night.

As I said, this is based on YOUR feedback, which we are more than willing to listen to.

Make sure you get yourself enrolled before midnight tomorrow night:

http://syncfund.com/stake/stake.html

Thanks again for being a holder, cheers, Mike

Get to 3 b/f the next period starts at midnight on Thursday.

Full details on the program beginning the 21st at Midnight. Note that ALL current program members need to apply to the new program.

Sync Rental Program

The Sync Foundation/Facefire, Inc. is proud to announce that the Sync Rental program is expanding to include all coins in circulation.
Translation is that anyone with at least three coins is eligible to enroll and rent their wallet at any time.

Further, the Foundation has removed the cap or maximum on the number of coins owners can rent – only a minimum requirement of three. 

So, for example, if you are staking nineteen coins, you can rent all nineteen to the Foundation.

How it Works
Owners enrolled in the program are paid every 45-90 days for coins staking on the network.

Closing Date
Payment for each period is determined by the number of coins in each wallet on the “Closing Date” – chosen at random every 45 to 90 days (helps insure there is no market manipulation).

First “Closing Date” is scheduled for November 20, 2014 at 11:59pm CDT - at which time these new changes will take effect.
“Closing Date” also signals the beginning of the new “Lease Period” as well as the moment when the number of coins in each registered wallet is “locked” into the system.

Lease Period
During the “Lease Period”, all renters must stake the number of “locked” coins established on the Closing Date for the duration to be eligible for payment.

“Lease Period” officially ends at the next “Closing Date” (45 – 90 days).

All payments for the ended period are then sent to you, the vendor, at that time.

Moving or selling those coins during the Lease Period nullifies the lease agreement and you forfeit rental payment.

Payment
Renters are paid in Bitcoin around the Closing Date – every 45 to 90 days.

Program Summary
The Sync Rental program is laid out as follows:

I. Open Enrollment
1. Three Sync coins staking is the minimum to qualify/remain active
2. No maximum
3. Signed, submitted application

II. Closing Date (Every 45 to 90 Days)
1. Number of coins in each registered address is “locked” for the period
2. Payment for previous period sent
3. New Lease Period begins

III. Lease Period (Duration 45 to 90 Days)
1. Renters must stake the number of coins “locked” on the Closing Date for the full period to be credited.

Note that coins are not actually “locked” – it is the number you agree to stake for the Lease Period (and which we record). Falling below that number disqualifies owner from payment.

Adding to the number of coins in your wallet during the Lease Period will not increase rental payment – the new total will be valid and locked in on the next Closing Date.

Regular Giveaways
The Foundation will also hold regular giveaways of coins, products, miles, event tickets and more for Renters with the winner chosen randomly by a system algorithm. The more Sync you have locked in, the higher your odds of winning.

First giveaway is 10,000 Sync Miles – a $500 value!

Program FAQs

How is ‘Rental Rate’ determined?
Various factors play into the “Rental Rate” including the price of Sync and Bitcoin, asset sales, profits, budget, development and more.
For the same reasons, renters should expect varying rental amounts over the course of a year.  Rates are subject to change, subject to the health of the Foundation, the coin, inflation, number of coins in the Program, etc.
Individual payments are not indicators of future performance.

Is there a cap on spaces?
There is no cap on the number of spaces in the program beyond the overall supply of the coin itself. As long as you are staking at least three coins, you can enroll at any time. If you have the coins, there is room, it is open enrollment.

Do I have to stake 24/7?
No, you can turn off your “miner”, give your PC a rest. Remember though, staking is profit so if the PC is on, you might as well stake.

Do I get to keep staked coins?
Yes, we are renting your wallet to bring stability, security and decentralization to the network. You keep your minted coins.
 
How do I enroll?
ALL current Whale and Rental members plus anyone new must submit the application located at http://syncfund.com/stake/stake.html
You are required to enter your Sync and BTC addresses plus confirm your email. We also ask you ‘sign’ your application with your wallet, confirming ownership.

I am an existing Whale/Renter, do I need to reapply?
Yes, any and all program members must submit a new application. Apologies but this due, in part, to program management and the new system integrated. We also now require members confirm wallet ownership via signature.

As a current Whale/Renter, how will I be paid on November 20th?
These new rules will take effect on the 20th which means the previously established guidelines will be used for the first payment.
Former ‘Profits’ members still staking will be compensated for three coins while Whales will be given credit for up to 15 Sync.
New members registered within the last 60 days will not receive payment for this first payment round.

My coins are spread over multiple addresses, what do I do?
Simply submit an application for each address in your wallet to cover all your coins.

What if I leave the Program, can I re-enter?
Yes, Renters can leave at any time by moving/selling their Sync. If in the future they want to re-enter, they can apply as before for inclusion.

Proof of Concept

+2

 

Dont need those anymore, download and install newest wallet...

http://syncfund.com/wallets.html

If you sold at 1.2btc, what are you sooooo upset about? Would have never gotten that high without the Foundation. Sounds like you did well, so be happy and move along pls.

I've said it before, Sync is an experiment, something new and evolving - we swim in muddy water.

That being said, we have had to make changes along the way, adjust and adapt as we progress.

Still, the Foundation has held to many promises:

- Staking for miles
- VIP Club
- Sync Chips
- Stability Fund (not only the Sync still held but check the price. It is 0.4)

Next up are colored coins and the Rental Program plus something else.

Truth is we know that at least 30 Sync were stolen by Moolah and dumped over the course of a week, affecting price greatly.

Accusations of PnD or scam are wholly false and unsubstantiated - it cost over $10,000 to develop the VIP Club alone. Plus we still are holding our Sync. Fact is, a smart Whale who staked and got miles plus all the discounts could easily cover their Sync cost.

Ultimately much of it is the nature of the industry and it's utter lack of patience, something domaining relies upon.

Still, I apologize to anyone who has suffered from the dip - no real reason for it except anxiety and need as the value of domains does not ebb and flow like your average shitcoin, or even Bitcoin.

There are more changes coming next week, more clarity and advancement -all your concerns have been noted and if possible addressed.

Stay tuned, exercise patience if life allows.

Its a very good question and I will say that little we do is set in stone. Why? Because all this is a grand experiment. We're swimming in muddy water.

One of the reasons for limited program membership is so that rental fees are less diluted, providing higher rewards for all. Another is that we are in the early "beta" stages of this and would prefer a smaller, more controlled test group.

Also a consideration is that we can add spots this way, whereby opening the flood gates is a point of no return.

Yet like I said, we are fluid and adaptable - witness the Rental program - and will let you know that all options are on the table going forward. Assume nothing.

My apologies, in part this an effort to keep it decentralized.

Conversely, if those coins weren't in the wallet at the time of 'sale', they would not be credited anyway.

Apologies for all the changes, they are meant to benefit everyone though we understand they won't please everyone.

Correct

Read on....there are 25 spots open now for the Rental program