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Syscoin
SYSRank #2442What is Syscoin?
Founded in 2014 as a fork of Bitcoin, Syscoin (SYS) is a trailblazing blockchain network that synergizes the robust security of Bitcoin's Proof of Work (PoW) consensus algorithm with the versatility of Ethereum's smart contract functionality. Syscoin is not just a blockchain; it's a full-stack, modular ecosystem that includes Rollux, the industry's most competitive EVM Layer 2 rollup solution. Due to its modularity, it is worth noting that Syscoin has three chains, its UTXO and [N]EVM chains comprise its Layer 1, and its Layer 2 currently consists of Rollux.
Rollux sets a new standard for Ethereum-compatible dApps by being the only EVM L2 secured by Bitcoin through merged mining. It's grounded in OP Stack and features PoDA (Proof-of-Data Availability), the most advanced data availability solution in the industry. This unique architecture makes Rollux the most secure, performant, affordable, and scalable rollup for Ethereum-compatible dApps.
How to Buy Syscoin in India
The easiest way to buy Syscoin (SYS) in India is through an FIU-registered Indian exchange. Here's how:
- Create an exchange account — pick an exchange that appears on the FIU-IND register and complete KYC verification (Aadhaar + PAN). Takes under 10 minutes.
- Deposit INR — Add funds via UPI, IMPS, or bank transfer. No minimum deposit.
- Search for SYS — Use the search bar to find Syscoin. Tap on it to open the trading pair.
- Place your order — Enter the amount in INR you want to invest. Use a market order for instant purchase, or a limit order to set your price.
- Secure your holdings — Your SYS is stored in your exchange wallet. For large amounts, consider transferring to a hardware wallet.
Tax on Syscoin in India
30% flat tax on all crypto profits under Section 115BBH of the Income Tax Act. No deductions allowed except cost of acquisition.
1% TDS on all crypto transactions above ₹10,000 under Section 194S. This is deducted automatically by Indian exchanges and can be claimed as credit when filing ITR.
Losses from Syscoin trading cannot be set off against gains from other cryptocurrencies or any other income. Each transaction is taxed independently.
For a complete breakdown of crypto taxation in India, including ITR filing steps and airdrop rules, read our Crypto Tax India 2026 Guide.
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