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Sylo
About Sylo
The Sylo Protocol is a decentralized communication protocol, facilitating secure connectivity between users and Connected Applications on the Sylo network. It aims to become a fully decentralized autonomous communication, storage, and payment network for third-party Connected Applications. SYLO tokens serve as utility tokens, granting access to the Sylo Protocol, enabling real-time communication (video, voice, messaging, data streaming), charged communications, and decentralized storage. They are also used for profile and address book management. Founded in 2014 by Dorian Johannink and Ben Jordan.
SYLO is a digital token conforming to the ERC-20 token standard. As a result, it's compatible with any wallet that recognizes this standard. The Sylo Protocol stands as a decentralized communication protocol. Its purpose is to facilitate secure and standardized connections between users and Connected Applications within the Sylo network. This protocol is crafted to operate as a fully decentralized autonomous platform, combining communication, storage, and payment functionalities. It's designed in a way that third-party Connected Applications can easily utilize its features.
Within the Sylo ecosystem, the SYLO token has manifold applications. Primarily functioning as a utility token, SYLO is pivotal in accessing and energizing the Sylo Protocol in a decentralized blockchain environment. To leverage a range of features and services on the Sylo network, SYLO tokens are necessary. This includes real-time communication capabilities such as video calls, voice calls, messaging, and data streaming. The token is also utilized for charged communications and decentralized storage functions. Moreover, within the platform, SYLO tokens find their use in managing profiles and address books.