SynFutures announces an airdrop of F tokens

SynFutures, a decentralized exchange (DEX) specializing in perpetual derivatives trading on the Base blockchain, has announced the launch of its native token, F, alongside the creation of the SynFutures Foundation. The foundation will play a key role in overseeing the platform’s development and fostering community involvement. By collaborating with the community, the foundation aims to secure strategic partnerships, and guide initiatives related to grants, project collaborations, and funding programs.

The F token is based on the Ethereum mainnet and offers several key benefits to its holders, including governance rights, staking rewards, and fee discounts. In addition, the airdrop of 10 billion F tokens will serve to further engage the SynFutures community, backers, advisors, and core contributors. These tokens are also reserved for liquidity and protocol development. Of the total token supply, 28.5% is allocated to the community, with 7.5% being distributed during the Season 1 Airdrop on December 6, 2024. The airdrop will be available to users who have interacted consistently with SynFutures from version 1 to version 3.

Several major cryptocurrency exchanges, including Bybit, Gate.io, Bitget, and KuCoin, have shown support for the F token airdrop. Bybit will host a Launchpool initiative from December 2 to December 5, where participants can earn F tokens before its official listing. Gate.io is offering a similar program with 75,000 F tokens up for grabs.

SynFutures has garnered backing from several high-profile venture capital firms such as Pantera Capital, Dragonfly, Polychain Capital, Standard Crypto, and SIG, reinforcing the credibility and potential of the project. The platform has also recently introduced the Perp Launchpad, a new initiative offering a $1 million grant to support tokens that are considered “under the radar.” Additionally, in September, SynFutures rolled out two perpetual contracts that provided traders with 10x leverage to speculate on the U.S. presidential election.

This airdrop and the creation of the SynFutures Foundation signify a major step forward for SynFutures, as the platform looks to expand its presence in the decentralized finance (DeFi) space and engage with its growing community.