Author: sha
Key points at a glance
SynFutures has completed important steps in its decentralization journey: establishing the SynFutures Foundation and launching its native token F.
F tokens will be allocated to the community, early supporters and advisors, foundation treasury, core contributors, protocol development, and liquidity support.
The Foundation will work with F holders to promote SynFutures to build a decentralized, open and permissionless trading ecosystem.
In addition to governance voting rights, F holders can also enjoy benefits such as fee refunds, staking rewards, and second quarter airdrop reward bonuses.
Season 1 airdrop details and TGE date will be announced soon.
At the beginning of 2020, DeFi was still in its infancy, with less than $1 billion in locked value (TVL) for the year. As DeFi grew and developed with the help of the technology of early protocols such as Bancor, Curve, Uniswap, and Aave, the world began to realize the significance of decentralized finance and the power it gave to users.
The huge potential of DeFi led to the birth of the SynFutures protocol. SynFutures V1 was launched in 2021, aiming to lower the global financial entry barrier and create an open, permissionless derivatives market.
Over the past three years, SynFutures has made great progress in building a resilient derivatives protocol and a community dedicated to its mission of decentralization.
To ensure that SynFutures remains community-oriented, permissionless, and censorship-resistant, the protocol must gradually implement community governance.
Therefore, decentralization has been one of the core roadmaps of SynFutures since day one. Today, SynFutures has accomplished two key tasks:
SynFutures Foundation established
Launch of F Token
F tokens provide the SynFutures community with an opportunity to participate in protocol governance. By collaborating with the Foundation, community members can jointly shape the future direction of SynFutures.
SynFutures Foundation
Since its launch in 2021, SynFutures' core contributors have built a solid technical and community foundation while always adhering to the values of trust, transparency, and community orientation.
Thanks to their efforts, SynFutures is now ready to move to the next stage of growth – the establishment of the SynFutures Foundation.
In the future, the SynFutures Foundation will work with the community to jointly develop the protocol through governance proposals. This includes:
Provide financial and resource support
Lead collaboration with third parties such as research institutes and industry partners
Collect community feedback
Governance is a big responsibility, but one that the SynFutures community is well-positioned to take on and lead the protocol into the future.
F Token
Token Name: SynFutures
Token Symbol: F
Token Type: ERC-20
Network: Ethereum mainnet
Contract address: 0x6e15A54B5EcAc17e58daDedDbe8506a7560252F9
A strong community is a core driver of SynFutures' success.
F Tokens are an important tool to empower current and future community members to have a voice in the future development of SynFutures.
F Token Initial Function
F token holders will enjoy a variety of rights and benefits within the ecosystem. The following are the three core functions in the initial stage:
1. Voting rights and interests are tied together
F holders will become the main driving force of the SynFutures ecosystem. Their tokens will be directly converted into equivalent voting rights for voting on the following matters:
New feature integration
Risk parameter adjustment
Other strategic decisions
2. Season 2 airdrop bonus
Whether obtaining F tokens through airdrops or purchasing them from exchanges, users can stake tokens to increase the rate at which they receive airdrop rewards in Season 2, thereby significantly increasing their allocation.
SynFutures will release details on staking rules and Season 2 activities soon.
3. Fee discounts and rewards
Depending on the amount and duration of staked tokens, F token holders will be eligible for trading fee discounts, as well as potential future rewards. SynFutures will release a separate announcement on the specific details of the fee discount program when the program goes live.
The F ecosystem will continue to evolve and bring more benefits to holders as the Foundation is committed to expanding the use cases of tokens over time.
F Token Economic Model
Token Total Supply and Distribution Overview
The total supply of F tokens is 10,000,000,000 and the distribution is as follows:
Early builders, trustors, users, and community members have played a vital role in driving SynFutures to where it is today. Their trust and efforts deserve fair recognition.
Therefore, the team has invested a lot of time and energy to carefully design a balanced and incentivized F token distribution mechanism to ensure that all stakeholders can get their due returns while promoting the long-term development of the ecosystem.
Community - 28.5% | 2,850,000,000 F
Community allocations are designed to reward early users and contributors and drive expansion and adoption of the ecosystem.
Distribution channels include:
Airdrop - 7.5% | 750,000,000 F: Allocated to users who continue to participate in SynFutures V1, V2, and V3, accounting for 7.5% of the total supply and will be fully unlocked at the TGE.
Note: The airdrop query tool is not yet live. SynFutures will share detailed information through an official announcement soon. Please be wary of any scam links.
Ecosystem - 20.5% | 2,050,000,000 F: To drive ecosystem growth, the Foundation will allocate 20.5% of the total supply to the following areas:
New User Incentive Program
Collaboration with strong partners
Provide financial support to third-party developers building protocols
Community events, hackathons and other participatory projects
This allocation will unlock linearly over four years after the TGE.
Liquidity Activities - 0.5% | 50,000,000 F: Liquidity Activities allocation is intended to accelerate F token listing and trading activity while ensuring broad adoption of the token across multiple communities. Will be fully unlocked at TGE.
Early Backers and Advisors - 23.5% | 2,350,000,000 F
SynFutures reserves 23.5% for supporters and advisors who contribute funds, expertise and other valuable support to the development of SynFutures.
This allocation has a six-month cliff period, followed by a linear unlocking over three and a half years.
Foundation Fund - 25.0% | 2,500,000,000 F
The Foundation's treasury accounts for 25% of the total supply and is used to support the long-term stability and development of SynFutures.
Funds will be used for:
For strategic partnerships and business development
Operating expenses and new program support
Ensuring long-term sustainable development
Only 2% (50,000,000 F) will be unlocked at TGE, and the rest will be unlocked linearly over the next four years.
Core Contributors - 15.0% | 1,500,000,000 F
Since its inception, core contributors have focused on areas such as security, engineering, product development, infrastructure construction, growth and operations at SynFutures.
This 15% allocation will be used to reward them for their past efforts and ensure that future incentives are aligned with long-term development goals.
This allocation has a six-month lock-up period, followed by a linear unlocking over three and a half years.
Protocol Development - 5.0% | 500,000,000 F
To support continuous R&D and technological improvements, the team has allocated 5% for protocol development.
Funds will be used for:
Offer competitive salaries to attract and retain top technical talent
Pay for protocol audits, security improvements, and infrastructure expansion
Research new blockchain technologies, AMM and consensus mechanisms
Integration with complementary projects and platforms
50,000,000 F (0.5%) will be unlocked at TGE, and the rest will be unlocked linearly over the next four years.
Liquidity - 3.0% | 300,000,000 F
3% of tokens are allocated for liquidity support on decentralized and centralized exchanges, ensuring token price discovery and seamless trading.
Funds will be used for:
Provide initial liquidity for trading pairs on decentralized and centralized exchanges
Maintaining healthy token liquidity through various incentive programs
Supporting the listing of tokens on new exchanges and helping the global expansion of the protocol
Liquidity allocation will be fully unlocked at TGE.
Token Unlock Schedule
Governance Roadmap
Phase 0: Token issuance and initial voter base
F Tokens will be issued on the TGE date to establish the initial voter base.
Phase 1: Full governance system deployment
During this phase, the SynFutures community will be able to begin accessing the SynFutures Forum. The Foundation will integrate the governance framework during this period, and deploy a governance system to give the community voting rights on SynFutures development and treasury management.
After the TGE, SynFutures will share detailed information on the governance mechanism.
Phase 2: Long-term goals
An open and collaborative governance model will inject more innovation opportunities into the SynFutures ecosystem and drive continuous improvement.
SynFutures' governance will therefore become an open forum that supports the most important topics in its development and governance. Through an open governance process, SynFutures will be able to gain valuable input and feedback from the wider community. This will ensure that user needs and priorities drive the platform's development and governance decisions.
SynFutures will soon announce other important developments in the decentralization process. Please follow the official channels for the latest updates.
