As I understand it the purpose of the syndicate is for projects to be listed on the exchange. Instead of a listing fee, they have to give up some tokens at a rebate, which CRO holders will then share.
The syndicate "lite" on the other hand, just gave away BTC at 25% discount. Who pays for this? Is it essentially CdC giving away money to CRO holders? If so it seems the only purpose is to pump CRO price. Any thoughts?