Active Development Continues!

Synergy Fund reconfirms commitment to Blockchain Development

While there will undoubtedly be more forks, included the upcoming announced Blurt chain, there continues to be a need for strong social networks that take advantage of network effects to transact information and value between participants.

Our goals, as visionaries, investors, interested parties and living human beings with creative reason, was to create our own network of best practices, assistance, support and motivation cumulatively called SYNERGY.

We believe strongly that a new period is sweeping the crypto currency markets. With Central Bank Decentralized currencies starting to roll out in China, and talked about openly in US and Europe, with Colombia, where I reside, signing the 'Blockchain Bill of Rights', cryptographic currencies are becoming more normal faster than ever before.

We have been watching as Bitcoin Dominance has surged, as high as 66.7%. As of writing we are off by a full point:

Is the next flippening beginning? A fresh alt-season to take us to new highs? We couldn't say. But we do believe that there is a lot of work to be done, and a lot of implementation of good ideas from the last cycle that is just starting to come to fruition. New acceptance and acceptability of these technologies promotes increase use, and a new wave of development kindles a new market diffusion cycle.

The technology is advancing. Bitcoin is still king, for now. But other than reserve currency, BTC doesn't solve anything. For that, there are the ALTS. And it is clear now, if it wasn't before, that one single blockchain is unlikely to fix all the myriad of things that one might want to fix with blockchain technology. There shall be many chains. We cannot stop that now.

This has interesting consequences for our SYNERGY Fund. For example, both MAP Fintech and Stake Based Income units fork with each new snapshotted contender as well. On each new blockchain it will very nearly be our duty to curate content and produce value.

Or so we suppose. Admitting the conclusion then that this project is beyond any one blockchain, it seems important to think carefully about the token and where it can be purchased, traded and held.

INCOME token is currently held on steem-engine, within the blocks of the steem blockchain. @neoxian himself had earned 3 INCOME tokens, and sold them to me for 1.2 steemp each during the period leading up to his funds being stolen.

This is obviously problematic, as I would like people such as neoxian to feel confident and comfortable holding the INCOME Synergy Fund token, which means we most likely have to move, the next option being HIVE-ENGINE.

HIVE-ENGINE is great, and we will be participating on a new token on the hive-engine, but we think it would be best to think beyond, either to Bitcoin Cash or WAVES sub token. The token, which could later be listed on HIVE-ENGINE, should first transcend the graphene chains of their birth.

At least that is our current thinking.

We are increasingly looking at projects outside of the HIVE/STEEM ecosystem. As we learn about any interesting projects, we will let you know here on our blog. But this does not mean we don't still believe in the potential of graphene or DPoS. We do. But we must enter a new reality where many will compete, and some will win!

We will continue to support the major partners in our Fund including RadaQuest, Stake Based Income, MAP Fintech, and UpFundMe. We will look for new ways to support projects being built on many different blockchains. And we will work with LootKit.Games to build tools useful to such builders and people around the world.

That said, if you have some extra steemp sitting around, INCOME is available on the steem-engine market. We are using the steemp to pile into a few last project on steem-engine, several of which we plan to write about this week (but hate to reveal our secrets too early).

We will be looking into how to incorporate an entertaining dividend with a multi-chain token. As a reminder, INCOME token holders currently participate in daily dividends of 3.5 liquid steem.

Thank you to all holders for your patience. We love you lots, and are looking to expand the value of the portfolio beyond the limits of any single chain.

This is not advice. It is history. Do your own homework.