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SynFutures, a decentralized exchange for perpetual derivatives trading, has unveiled the SynFutures Foundation and announced an airdrop of its native F token. The SynFutures Foundation will work with the community to oversee the development of the DEX platform and secure key partnerships. The F token is an Ethereum-based mainnet asset that will provide holders with governance rights, staking rewards, and fee discounts.
The airdrop will distribute 10 billion F tokens to the community, with additional airdrops planned in the future. SynFutures noted in a press release that the airdrop will benefit the community, DEX sponsors and advisors, the foundation’s treasury, and core contributors. F is also reserved for liquidity and protocol development. The community will receive 28.5% of the total F token supply, with 7.5% available for distribution during the season 1 airdrop on December 6, 2024.
Users who have continuously interacted with SynFutures from version 1 to version 3 are eligible to participate. Several crypto exchanges, including Bybit, Gate.io, Bitget, and KuCoin, have expressed support for the F token airdrop. Bybit will host a Launchpool between December 2 and 5, allowing participants to earn F tokens before listing. Gate.io is offering a similar program with 75,000 available F tokens.
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