Press Release
Hong Kong, Hong Kong, December 6th, 2024
SynFutures Announces Token Generation Event (TGE) and Full-Stack Financial Infrastructure Plan
SynFutures, a leading decentralized exchange for trading any asset with leverage and a full-stack financial infrastructure provider, is pleased to announce the token generation event (TGE) of its token, F, and its plan to build a full-stack financial infrastructure.
Community Allocation and Airdrop
To further democratize the financial system, SynFutures has allocated 28.5% of the total F supply towards the community. Additionally, 7.5% of the tokens will be airdropped to the community on Day 1, marking the first step in establishing the community and enabling users to own a stake in the top perpetual futures trading protocol on Base and Blast.
Full-Stack Onchain Finance Infrastructure
With the TGE complete, SynFutures will now focus 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.
Current State of the Protocol
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.
Quotes from the Co-Founders
"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."
— Rachel Lin, Co-Founder and CEO of SynFutures
"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."
— Matthew Liu, Co-Founder and Chief Strategy Officer at SynFutures
Listing and Trading
The F token 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.
Conclusion
SynFutures is committed to building a decentralized future as it begins its journey to become a full-stack onchain financial infrastructure for the masses. With the launch of the F token, SynFutures is poised to revolutionize the financial industry by providing a secure, transparent, and accessible platform for all.
FAQs
Q: What is the total supply of F tokens?
A: The total supply of F tokens is [insert number].
Q: How will the F tokens be allocated?
A: 28.5% of the total F supply will be allocated towards the community, with 7.5% airdropped to the community on Day 1.
Q: What is the purpose of the F token airdrop?
A: The F token airdrop is designed to establish the first set of users and community members who will own a stake in the top perpetual futures trading protocol on Base and Blast and govern the ecosystem in the future.
Q: What are the benefits of holding F tokens?
A: F token holders will be eligible for staking boost for Season 2 airdrop, taker fee discounts, and voting rights.
Q: How can I get involved with SynFutures?
A: To learn more about SynFutures, please visit www.synfutures.com.
