Community to receive 7.5% of tokens on Day 1

On December 6th, 2024, SynFutures announced the implementation of its token generation event (TGE) for its new token, F, in Hong Kong. The protocol has allocated a significant 28.5% of the total F supply towards the community, emphasizing its commitment to creating a decentralized financial ecosystem. The TGE marks a foundational step in SynFutures' efforts to expand beyond its established crypto derivatives trading services, which currently dominate the market, holding a market share of 60-80% of perpetual trading volume on Base, one of Ethereum's layer-2 networks. As part of the TGE, 7.5% of the F tokens will be airdropped to community members on the first day, and this initiative aims to engage early users and stakeholders in governance processes for the protocol's future. The management aims to democratize finance by enabling members to play an active role in governing the ecosystem. Along with the initial airdrop, users will also have opportunities for staking boosts in future initiatives and access to discounts on taker fees. The leadership at SynFutures believes that traditional finance is evolving, and with the continued growth of decentralized finance (DeFi), they intend to be at the forefront of this transition. By promoting inclusivity and transparency through blockchain technology, SynFutures is working to eliminate barriers that currently exist in traditional financial systems, making it easier for individuals globally to access financial resources. With significant backing from prominent institutions like Pantera, Polychain, and Dragonfly, SynFutures is well-positioned to build a comprehensive financial infrastructure that includes not only trading services but also wealth management and asset issuance. The successful launch of the F token and its associated community initiatives could mark a pivotal moment for the platform as it strives to meet the increasing demand for openness and accessibility in financial services. The management views the launch as part of a broader mission to equip users with the tools they need for effective financial management while positioning themselves as leaders in the burgeoning DeFi market.