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 entire F provide is allotted towards the neighborhood and seven.5% of tokens will probably be airdropped to the neighborhood on Day 1. The remainder will probably be distributed by way of different initiatives like Season 2 airdrop.

SynFutures, a number one decentralized alternate for buying and selling any asset with leverage and a full-stack monetary infrastructure supplier, immediately introduced the token technology occasion (TGE) of its token, F, and its plan to construct a full-stack monetary infrastructure. The protocol has allotted 28.5% of the entire F provide in the direction of the neighborhood and it’ll airdrop 7.5% of the provision to eligible customers on Day 1.

The F airdrop will set up the primary set of customers and neighborhood members who will get to personal a stake within the prime perpetual futures buying and selling protocol on Base and Blast and govern the ecosystem sooner or later. This completes a major step for SynFutures towards democratizing finance and constructing an open permissionless monetary ecosystem.

A full-stack onchain finance infrastructure

With the TGE full, SynFutures will now work on increasing its companies past crypto derivatives buying and selling. The protocol will quickly combine spot markets, asset issuance, wealth administration companies, and extra into its ecosystem.

SynFutures at present accounts for 60-80% of the perp volume on Base — an Ethereum layer-2 community — and the third largest throughout all chains, in keeping with DeFi Llama. The newest model of the protocol, SynFutures V3, has dealt with over $240 billion in derivatives trading volume since its launch earlier this 12 months.

The protocol is at present targeted on increasing itemizing and companies throughout the Base ecosystem and tapping into the rising demand for open and permissionless monetary companies.

“In distinction to conventional finance, DeFi remains to be nascent and has an enormous development alternative as extra customers and belongings transfer on chain. Over the following few years, I’m assured DeFi will proceed to assert a much bigger portion of the worldwide monetary ecosystem. As that occurs, we’ll be on the forefront, main the transition from TradFi to DeFi by way of trust-less monetary companies which are clear, absolutely onchain, and open to everybody,” mentioned Rachel Lin, Co-Founder and CEO of SynFutures.

On to a greater monetary future

The F token airdrop is now obtainable to assert and listed for buying and selling on main crypto exchanges together with Bybit, Gate.io, Bitget, KuCoin, Bitvavo and MEXC. F token holders will probably be eligible for staking increase for Season 2 airdrop, taker price reductions, and voting rights.

With the launch of the token, SynFutures is geared towards a decentralized future because it begins its journey to changing into a full-stack onchain monetary infrastructure for the plenty.

“Monetary inclusivity and freedom is a elementary proper. Blockchain and DeFi, current distinctive alternatives to take down the geographical and infrastructural limitations in finance and ship probably the most equitable monetary options to everybody,” mentioned Matthew Liu, Co-Founder and Chief Technique Officer at SynFutures.

About SynFutures

SynFutures (F) is a number one decentralized alternate and full-stack monetary infrastructure supplier. Using its revolutionary Oyster AMM mannequin and a totally onchain order-matching engine, SynFutures permits anybody to checklist and commerce any asset with leverage. As the highest perpetual futures DEX on a number of networks like Base, it launched the trade’s first Perp Launchpad, attracting bluechips, AI tokens, memecoins, and extra.

Backed by top-tier establishments like Pantera, Polychain, Dragonfly, Commonplace Crypto, Framework, and SIG, SynFutures is constructing an all-in-one platform for spot, perpetual, and wealth administration, streamlining DeFi for all.

To study extra, customers can go to www.synfutures.com