Binance will close SYS withdrawals on July 27th. Syscoin advised users to move their tokens to a self-custody wallet before the deadline.
Refer to the official tweet by SYS:
? PSA Reminder: @binance withdrawals for $SYS close on July 27.
Move your $SYS to a wallet you control before the deadline. Pali Wallet is a browser extension wallet built for secure self-custody.https://t.co/bP4YwrrriO pic.twitter.com/5tDal7RlY6
— Syscoin (@syscoin) July 23, 2026
SYS Info
Syscoin is a dual-layer blockchain that integrates Bitcoin’s Proof of Work (PoW) consensus mechanism for security and a modified Ethereum Virtual Machine (EVM) for high scalability and smart contract capabilities. It allows the creation of highly scalable Web 3 decentralized applications (DApps) with nearly zero fees.
Syscoin was created through a Bitcoin hard fork and utilizes merged mining with Bitcoin, enabling miners to mine both BTC and Syscoin simultaneously without extra cost. This setup enhances Syscoin’s security by leveraging Bitcoin’s hash power, which mitigates the risk of 51% attacks and prevents double-spending. Syscoin’s UTXO Token Platform, powered by the Z-DAG Protocol, facilitates instant low-fee token transactions with high throughput (30,000 to 145,000 TPS) validated by Bitcoin’s PoW miners.
SYS is the native token of the Syscoin platform, existing in both UTXO and account-based forms. It can be converted into Syscoin Platform Tokens (SPTs) for high throughput transactions via Z-DAG or into ERC-20 tokens via the SYSX Bridge for utilizing NEVM functionalities. SYS is used for paying transaction fees, minting, and transferring SPTs. SYS holders with 100,000 SYS can host masternodes, participating in network governance and earning additional rewards.
