SynFutures Announces ‘F’ Token TGE and Plans for Full-Stack Onchain Financial Infrastructure
[PRESS RELEASE – Hong Kong, Hong Kong, December 6th, 2024]
28.5% of the total F supply is allocated toward the community and 7.5% of tokens will be airdropped to the community on Day 1. The rest will be distributed through other initiatives like Season 2 airdrop.
SynFutures, a leading decentralized exchange for trading any asset with leverage and a full-stack financial infrastructure provider, today announced the token generation event (TGE) of its token, F, and its plan to build a full-stack financial infrastructure. The protocol has allocated 28.5% of the total F supply towards the community and it’ll airdrop 7.5% of the supply to eligible users on Day 1.
The F airdrop will establish the first set of users and community members who will get to own a stake in the top perpetual futures trading protocol on Base and Blast and govern the ecosystem in the future. This completes a significant step for SynFutures toward democratizing finance and building an open permissionless financial ecosystem.
A full-stack onchain finance infrastructure
With the TGE complete, SynFutures will now work on expanding its services beyond crypto derivatives trading. The protocol will soon integrate spot markets, asset issuance, wealth management services, and more into its ecosystem.
SynFutures currently accounts for 60-80% of the perp volume on Base — an Ethereum layer-2 network — and the third largest across all chains, according to DeFi Llama. The latest version of the protocol, SynFutures V3, has handled over $240 billion in derivatives trading volume since its launch earlier this year.
The protocol is currently focused on expanding listing and services within the Base ecosystem and tapping into the growing demand for open and permissionless financial services.
“In contrast to traditional finance, DeFi is still nascent and has a massive growth opportunity as more users and assets move on chain. Over the next few years, I’m confident DeFi will continue to claim a bigger portion of the global financial ecosystem. As that happens, we’ll be at the forefront, leading the transition from TradFi to DeFi through trust-less financial services that are transparent, fully onchain, and open to everyone,” said Rachel Lin, Co-Founder and CEO of SynFutures.
On to a better financial future
The F token airdrop is now available to claim and listed for trading on major crypto exchanges including Bybit, Gate.io, Bitget, KuCoin, Bitvavo and MEXC. F token holders will be eligible for staking boost for Season 2 airdrop, taker fee discounts, and voting rights.
With the launch of the token, SynFutures is geared toward a decentralized future as it begins its journey to becoming a full-stack onchain financial infrastructure for the masses.
“Financial inclusivity and freedom is a fundamental right. Blockchain and DeFi, present unique opportunities to take down the geographical and infrastructural barriers in finance and deliver the most equitable financial solutions to everyone,” said Matthew Liu, Co-Founder and Chief Strategy Officer at SynFutures.
About SynFutures
SynFutures (F) is a leading decentralized exchange and full-stack financial infrastructure provider. Utilizing its innovative Oyster AMM model and a fully onchain order-matching engine, SynFutures enables anyone to list and trade any asset with leverage. As the top perpetual futures DEX on multiple networks like Base, it introduced the industry’s first Perp Launchpad, attracting bluechips, AI tokens, memecoins, and more.
Backed by top-tier institutions like Pantera, Polychain, Dragonfly, Standard Crypto, Framework, and SIG, SynFutures is building an all-in-one platform for spot, perpetual, and wealth management, streamlining DeFi for all.
To learn more, users can visit www.synfutures.com
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