SynFutures Introduces SynFutures Foundation and Announces F Token Airdrop

SynFutures Foundation: Community-Led Governance Initiative

SynFutures, a decentralized exchange for perpetual derivatives trading on Base, unveiled the SynFutures Foundation to oversee platform development and key partnerships. The foundation, a community-led governance initiative, aims to ensure the success of grants, collaborations, and funding programs.

F Token Airdrop: Benefits and Distribution

SynFutures is introducing the F token airdrop, an Ethereum-based asset granting holders governance rights, staking rewards, and fee discounts. The airdrop will distribute 10 billion F tokens to the community, with additional distributions planned in the future. The initiative benefits the community, backers, advisors, foundation treasury, and core contributors, with F tokens reserved for liquidity and protocol development.

Support from Crypto Exchanges

Several crypto exchanges, including Bybit, Gate.io, Bitget, and KuCoin, have expressed support for the F token airdrop. Bybit and Gate.io are running launchpool initiatives to allow participants to earn F tokens early. The community will receive 28.5% of the total F token supply, with distributions starting in Season 1 Airdrop in December 2024 for eligible participants.

Backed by Prominent Venture Capital Platforms

SynFutures is supported by renowned venture capital platforms such as Pantera, Dragonfly, Polychain, Standard Crypto, and SIG. The platform recently introduced a Perp Launchpad, offering a $1 million grant to boost under-the-radar tokens. In addition, SynFutures rolled out two perpetual contracts with 10x leverage enabling traders to speculate on the U.S. election.