SynFutures launches Perp Launchpad with $1m grant for new tokens

SynFutures, a decentralized derivatives trading platform, has unveiled its Perp Launchpad, a new initiative designed to help crypto projects create perpetual futures markets.

The launchpad aims to expand trading opportunities for lesser-known tokens, providing users with more ways to interact with a diverse range of digital assets, according to a SynFutures press release. Unlike traditional launchpads, which generally focus on spot trading (direct buying and selling of assets), the Perp Launchpad is tailored specifically to perpetual futures markets.

Perpetual futures are unique in that they don’t have an expiration date, allowing traders to hold positions indefinitely. These types of contracts are popular in leveraged trading, offering the potential for higher returns but also carrying increased risk. With this focus, the Perp Launchpad offers a distinct alternative for crypto projects and traders, allowing them to tap into the growing demand for derivative markets.

SynFutures Introduces $1 Million Grant Program for Token Projects

SynFutures is launching a $1 million grant program as part of its efforts to support token projects. The initiative aims to provide financial backing, liquidity, and marketing assistance to help new projects grow their visibility and attract users. By offering these resources, SynFutures seeks to help emerging projects establish their presence in the crypto space and increase their chances of success.

The Perp Launchpad, which will operate on Base, a Layer 2 network built on Ethereum, will enable these projects to list their tokens and create perpetual futures trading pairs. By expanding access to derivatives, the platform offers new avenues for token communities to engage through trading and liquidity provision.

SynFutures has already formed partnerships with well-established projects such as Lido and Solv Protocol, boosting its ecosystem since its launch in July 2024.

The platform’s launchpad also caters to individual traders, offering a broader selection of tokens, including popular memecoins. To incentivize engagement, SynFutures will run trading competitions and other events designed to encourage active participation in on-chain derivatives markets. This initiative aims to provide both projects and traders with more opportunities in the rapidly growing crypto derivatives space.