Transparency - Proof of reserve, Reserve Ratio and Custodian

Synfy acts as a custodian of reserve assets, Synfy does recognise that therefore the solution is not perfectly decentralized.

However, Synfy believe that this provides the mechanism stability and accounting audit mechanism that users do truly need, especially in the crypto industry. The company and its directors can be held to account for reserve management. Ensuring a strict discipline and rigorous management of funds.

· Synfy will publish a proof of reserves, independently audited on Synfy’s website every day.

· Synfy will keep a USD receive equal to or greater than the number of syUSDs in circulation. Each syUSD in circulation represents a US Dollar held on our reserves (a one-to-one ratio).

· Synfy business entity will always pay out $1 USD for every syUSD given to us to burn. Keeping the sell price at a constant $1 USD for every syUSD.

· Synfy will encourage users to perform regular token burns, to demonstrate that syUSD is not susceptible to liquidity crunches or “bank runs”