Syscoin 

SYS Price

What is the Syscoin (SYS) coin?

Syscoin (SYS) is the native gas coin of a modular blockchain network launched in 2014 that extends Bitcoin's proof-of-work security into a programmable ecosystem. The UTXO base layer is merge-mined with Bitcoin, while the NEVM layer adds an EVM-compatible environment for Solidity smart contracts. Data availability runs through PoDA (Proof of Data Availability), with proofs settled on the UTXO chain. Rollux, an OPStack optimistic rollup, operates as the network's first Layer 2. DropsTab classifies Syscoin under Blockchain, Bitcoin Ecosystem, and Modular Blockchain.

Is Syscoin merge-mined with Bitcoin?

Yes. Syscoin uses merged mining (auxiliary proof-of-work), which lets Bitcoin miners secure the Syscoin chain with the same hardware at no additional energy cost. According to the Syscoin project, the network's hashrate typically reflects 50 to 60% of Bitcoin's total hashrate. A Sentry full-node network adds decentralized finality through multi-quorums and chainlocks.

What is Rollux, the Syscoin Layer 2 rollup?

Rollux is an OPStack optimistic rollup and the first Layer 2 on the Syscoin network. Rollux anchors its data availability to Syscoin's UTXO chain through PoDA, inheriting Bitcoin-derived security while executing EVM-compatible transactions. zkDA is positioned as the future data-availability layer intended to unite rollups with Bitcoin.

How does Syscoin's tokenomics work?

SYS has no fixed maximum supply. The coin has been in continuous distribution through mining since 2014, with no pre-mine and no insider allocation. New SYS is issued as block rewards to miners plus seniority bonuses for Sentry node operators, while an EIP-1559-style mechanism burns transaction fees. The project describes the supply characteristics as similar to Ethereum's — net issuance depends on block rewards minus fee burns rather than a hard cap.

Is Syscoin an L1 or L2?

Syscoin is a Layer 1 blockchain. The UTXO base layer runs on Bitcoin's codebase, and SYS is the native gas coin of that base chain. Rollux, the OPStack rollup built on top, is the Layer 2. The result is a modular stack: settlement and data availability sit on the L1, while execution is split between the NEVM layer and rollups.

What is SYSX and how does it differ from native SYS?

SYSX is an ERC-20 representation of SYS bridged through the NEVM layer. Native SYS is a UTXO coin on the base chain with no token contract; SYSX exists on the EVM-compatible NEVM layer and moves between the two forms through the bridge. Holders should confirm which form a venue supports before depositing, because the two are not interchangeable without bridging.

Who backed Syscoin and how much did its ICO raise?

Syscoin raised $782,205 in an Initial Coin Offering dated August 16, 2014, per DropsTab fundraising data — consistent with the roughly 1,500 BTC presale reported in the project roadmap. No venture capital rounds or named institutional investors are recorded. The presale served as the token distribution event, and no later private rounds followed.

What happened to the funds Syscoin raised in its 2014 presale?

Of the roughly 1,500 BTC raised in the 2014 presale, 750 BTC was held in escrow with the payment service Moolah and stolen by its operator Ryan Kennedy. The case later became the first use of blockchain data as court evidence. Syscoin 1.0 launched on August 16, 2014, closing the sale period.

Does Syscoin have a vesting schedule?

No. Syscoin has no vesting schedule, no unlock calendar, and no TGE allocation — the coin launched fairly through public mining in 2014 with no insider buckets, cliffs, or timed releases. Because supply is uncapped, inflation risk for SYS holders is structural rather than unlock-based: net issuance depends on block rewards minus fee burns, not on scheduled investor unlocks.

Where can you buy SYS?

SYS trades as a spot coin on centralized exchanges including MEXC (SYS/USDT) and Binance (SYS/BTC); Binance.US, HTX, and NonKyc.io also list the coin, while KuCoin does not support it. Liquidity is thin — price dispersion across venues is wide and slippage on the native UTXO coin is material. Verify whether a venue supports native UTXO SYS or the bridged NEVM form (SYSX) before depositing.