Syscoin (SYS) is a modular
blockchain combining Bitcoin's security through merged
mining with Ethereum-like
smart contracts via Rollux
EVM Layer-2, enabling scalable
DeFi and
RWAs with low fees. Founded in 2014 by the Syscoin Foundation led by Jagdeep Sidhu, it uses
proof-of-work with Bitcoin hashrate for
Layer-1 security and optimistic
rollups for high TPS. The SYS token powers staking, fees, and governance in a dual-chain architecture for Bitcoin
interoperability.
When Did Syscoin Launch?
Syscoin was founded in 2014 as a Bitcoin fork by the Blockchain Foundry team, launching the
mainnet in August 2014. Key milestones include 2023 Rollux
L2 deployment and 2025 trustless Bitcoin bridge with zkSYS advancements, achieving high TVL by December 2025.
What Are the Key Features of Syscoin?
Syscoin features merged mining with Bitcoin for security, Rollux EVM L2 for thousands TPS, PoDA for data availability, Z-DAG for instant transactions, trustless BTC bridges, staking for rewards, and modular Edgechains for custom scalability in DeFi and RWAs.
What Is SYS Used For?
SYS is used for staking to
validators for rewards, paying L2 fees, voting on governance, providing liquidity for yields, bridging BTC for DeFi, and accessing modular tools for dApps.
What Is the SYS Token Utility?
SYS secures merged mining and staking, powers governance votes, covers fees with EIP-1559 burns, incentivizes providers through rewards, and funds treasury for Rollux and bridge expansions.
What Blockchain Does Syscoin Operate On?
Stratis operates on its own independent, sovereign Layer-1 blockchain called StratisEVM (or Stratis Mainnet), which is fully EVM-compatible and uses a
Proof-of-Stake (PoS) consensus mechanism with masternode staking for network security and rewards. Launched in early 2024 as an upgrade from the legacy STRAX chain, it is built on Ethereum's codebase (Chain ID: 105105) to support Ethereum-style smart contracts,
dApps, and tools like MetaMask, while retaining features like cold-staking and sidechains (e.g., Cirrus for C# contracts) for enterprise blockchain-as-a-service. The platform emphasizes modular design with plans for Layer-2 scaling via
zkSync, bridges for interoperability with Ethereum, BNB Chain, and Polygon, and audited security focused on regulatory compliance and gaming/DeFi applications.
What Are SYS Tokenomics?
SYS has no hard cap with EIP-1559 burns for deflation, ~800M circulating as of December 2025 from rewards. Allocation: mining incentives, ecosystem fund, team vested; balanced inflationary-deflationary model.
How To Securely Store SYS
SYS works with the most popular crypto wallets that support EVM-based assets. The easiest way to engage with SYS is through
BingX Spot Market where users can buy, sell, and hold tokens securely without managing private keys or additional wallet setups. This approach offers exchange-level security, a custodial wallet service, and instant trading access, making it convenient for new and experienced users alike. This token is also compatible with leading self-custody wallets such as
MetaMask and
Trust Wallet along with other major EVM-compatible wallets and hardware options like
Ledger. These wallets give users full control over their private keys and allow direct participation in decentralized applications, platform features, staking, governance, and cross-network transactions within the Syscoin ecosystem. By adding the Syscoin network and importing the SYS token using its contract address, users can enjoy secure and seamless access to all platform utilities and rewards.
Is SYS a Good Investment?
Syscoin merges Bitcoin security with EVM scalability via Rollux L2, uncapped supply with burns for balance. As of December 2025, ~800M circulating supports mid-cap with BTC bridge yields, benefiting from DePIN trends, though merged mining risks exist. Modular design offers edge; mid-cap hybrid play for diversified holdings with independent research recommended.