SynFutures DEX Launches Foundation, Announces F Token Airdrop

SynFutures, a decentralized exchange (DEX) specializing in perpetual derivatives trading on Base, has announced the launch of the SynFutures Foundation alongside an airdrop of its native F token.

A decentralized exchange (DEX) called SynFutures, which enables perpetual derivatives trading on Base, has unveiled the SynFutures Foundation and an airdrop of its native F token.

The foundation's objectives, according to a press release, include advancing community-led governance, managing platform development, and forging relationships through grants and funding programs.

The F token, which is based on Ethereum, will give holders the ability to participate in governance, get staking incentives, and pay less in fees. SynFutures intends to issue 10 billion F tokens in total, with 7.5% being offered during the Season 1 Airdrop on December 6, 2024. Users that actively participated in SynFutures versions 1 through 3 are eligible to participate.

The airdrop is being supported by a number of major exchanges, including Bybit, Gate.io, Bitget, and KuCoin. Bybit is holding a launchpool event from December 2 to 5 that will let users to get F tokens before they are listed. A comparable program is being run by Gate.io, with 75,000 F tokens being given out.

Pantera, Dragonfly, and Polychain are a few of the top-tier venture capital companies that support SynFutures. A Perp Launchpad was just introduced by the site, giving a $1 million grant to encourage coins for consideration under the radar. SynFutures introduced two perpetual contracts with 10x leverage in September, enabling traders to wager on the US presidential election.

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