SynFutures Announces Plans for Token Generation and Full-Stack On-Chain Financial Infrastructure

The decentralized finance (DeFi) perpetual futures protocol SynFutures has announced detailed plans for its Token Generation Event (TGE) and the establishment of a full-stack on-chain financial infrastructure on the 6th.

Through this token launch, SynFutures plans to allocate 28.5% of its total token supply of F to the community, with 7.5% airdropped to eligible users on the first day. SynFutures stated, "Through this TGE, we aim to secure community members who will participate in operating the future decentralized financial ecosystem based on BASE and BLAST."

After the TGE, SynFutures plans to expand beyond its current platform's main product of virtual asset derivatives trading to become a comprehensive financial services platform. It intends to integrate spot markets, asset issuance, and asset management services into the ecosystem to build a 'full-stack on-chain financial infrastructure.'

Currently, SynFutures occupies 60-80% of the perpetual futures trading volume within the BASE (Ethereum L2) network and has processed over $240 billion in derivatives trading since the launch of SynFutures V3.

The newly released SynFutures token F will be tradable on major cryptocurrency exchanges such as Bybit, Gate io, Bitget, KuCoin, and MEXC. Holders of the F token can enjoy benefits such as staking boosts for Season 2 airdrops, taker fee discounts, and voting rights.

Rachel Lin, CEO of SynFutures, said, "Unlike traditional finance, DeFi is still in its early stages. As more users and assets move on-chain, the growth opportunities are significant," adding, "We will do our best to ensure that DeFi can strengthen its position in the global financial ecosystem in the future."