🪙SIS Token of Symbiosis
Comprehensive Guide to the SIS Token: Dive into the Heart of the Symbiosis Protocol: Discover Listings, Unique Use Cases, Official Contract Address, Detailed Tokenomics, and More!
Discover SIS Token
SIS serves as the governance token for the Symbiosis protocol, boasting key functions such as:
Governance
SIS token holders have the privilege of participating in decision-making processes, especially concerning the Symbiosis DAO.
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Protocol Security
The SIS token is staked to operate relayers, ensuring the seamless functioning of the Symbiosis relayers network.
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Incentivization
Active participation in protocol activities is rewarded with SIS tokens as incentives.
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Moreover, token holders are free to trade, exchange, or stake their SIS tokens.
SIS Supported Blockchains
SIS token was originally deployed on Ethereum (L1) and can be bridged to the following L1 and L2 blockchain networks:
L1: the BNB chain;
L2s: Arbitrum One, zkSync Era, Linea, Scroll.
SIS Token Listings
SIS token listings can be found on CoinMarketCap and CoinGecko:
CoinMarketCap
SIS to USD live, market cap and chart
CoinGecko
SIS price today, chart, market cap and news
SIS Token Contract Addresses (Adding SIS Token to a Wallet's Token List)
Before using SIS tokens, ensure they're added SIS token to your wallet's token list for the specific blockchain networks you'll be working on.
Here's the information you need to add SIS token to your wallet's token list:
$SIS on Ethereum
Contract address: 0xd38BB40815d2B0c2d2c866e0c72c5728ffC76dd9
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More information on Etherscan
$SIS on Arbitrum One
Contract address: 0x9e758b8a98a42d612b3d38b66a22074dc03d7370
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More information on Arbiscan
$SIS on BNB Chain
Contract address: 0xF98b660AdF2ed7d9d9D9dAACC2fb0CAce4F21835
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Mori information on BscScan
$SIS on zkSync Era
Contract address: 0xdd9f72afED3631a6C85b5369D84875e6c42f1827
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More information on zkSync block explorer
$SIS on Linea
Contract address: 0x6EF95B6f3b0F39508e3E04054Be96D5eE39eDE0d
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More information on LineaScan
$SIS on Scroll
Contract address: 0x1467b62A6AE5CdcB10A6a8173cfe187DD2C5a136
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More information on ScrollScan
Bridging, Exchanging and Teleporting (!) SIS Token
Bridging tokens and Exchanging (or Swapping) tokens are terms often misconstrued as interchangeable. However, token bridging and token exchanging between networks stand apart, despite both facilitating asset movement between different networks.
SIS Bridging
In bridging, an asset retains its identity and total supply while moving across different networks (often from an L1 to an L2 network). The original asset is typically locked on the source network and then represented (or minted) on the destination network. Bridging is always a cross-chain operation.
SIS tokens can be bridged form Ethereum to Arbitrum One, zkSync Era, Linea, and Scroll using official bridges of these L2 networks, and SIS tokens can be bridged from Ethereum to the BNB chain using the Symbiosis bridge.
SIS Exchanging
Token exchanging involves trading one token for another, potentially spanning different blockchains. It's not about transporting the same asset, but rather acquiring a distinct one. Token exchanging can be on-chain operation and cross-chain operation.
Comparing token bridging and cross-chain token exchange, the latter usually involves more costs related to cross-chain fees and liquidity provider fees.
SIS tokens can be exchanged for other tokens using Symbiosis WebApp for cross-chain and on chain swaps and AMM DEXes for on-chain swaps on the supported blockchains.
SIS Teleporting
Symbiosis introduces BaaS: Bridging as a Service or Token Teleport. This novel method combines two established strategies for cross-network token movement: token bridging and cross-chain token exchanges.
When a token has been bridged across multiple blockchains, the Symbiosis protocol enables direct transfers between any two of these networks without going to the original blockchain first. The Symbiosis protocol utilizes its infrastructure, including the core smart contracts and the relayers network, to keep the fees associated with this type of cross-chain operation low
Please refer to Symbiosis Token Teleport for comprehensive explanation of the token teleporting concepts.
If you are ready to teleport your SIS tokens between SIS supported blockchains, please utilize Token Teleport to minimize fees and get the best rates.
SIS Tokenomics
Tokenomics refers to the economic model and strategy that a DeFi project applies to its token. Key aspects of tokenomics and supply of SIS token are listed below.
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