The first thing I wanna say about Syscoin is their website is a bit slow. Maybe it’s just me, slow network, but I thought it was worth mentioning.

The goal, according to their whitepaper, is to combine the best of both worlds (Ethereum and Bitcoin) to build a network on which you can buil Web 3.0 applications.

In plain English, from what I gather, they want to use the security of Bitcoin with the addition of scalable Smart Contracts. They aim to provide a trifecta of options: a token platform, a blockchain and a development platform.

To me, it kinda sounds like they’re trying to build a jack-of-all-trades platform that users can use for anything and everything but I’ll be honest, I’m still not sure I understand its potential to its full extent so any help in the comments would be greatly appreciated.

At the time of writing, Syscoin has a circulating supply of 734+ mln SYS, apparently that's 100% of the max supply, with a $535 mln market cap. The price is $0.1776 and it is available on a few minor exchanges as well as a few major exchanges such as Binance.

The reason I became interested in Syscoin is I’ve begun using one of those faucets/platforms – one of the few that vaguely make sense – and Syscoin is one of the available payout options.

The price fell significantly from its ATH of $1.18 and quite frankly I'm not sure how it can get anywhere near that in the future. Time will tell.