SynFutures Expands on Perp Market Foundation with New Memecoin Initiative

SynFutures Expands on Perp Market Foundation with New Memecoin Initiative

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Singapore, Singapore, June 19, 2024, Chainwire

Shin Futures, a leading DeFi derivatives protocol, today announced plans to expand to Base, Coinbase’s L2 network. To celebrate this milestone, SynFutures is launching “Meme Perp Summer,” a six-week campaign blitz aimed at expanding its roster of community assets and rewarding meme communities that drive organic traction on Base. With a total reward pool of 100,000 USDC and future airdrop allocation, this campaign highlights Synfutures' commitment to fostering the growth of emerging token projects.

“We are very excited to expand into Base. This move not only reinforces our commitment to providing users with unique trading opportunities, but also reflects our commitment to supporting and growing vibrant community-driven projects,” he said. rachel Lynn, Co-founder and CEO Shin Futures

This Base expansion is a key part of SynFutures’ V3 multichain strategy. After seeing tremendous success since launching V3 on Blast, SynFutures is now bringing its on-chain orderbook for Perps to Base. The protocol is consistently ranked as the best DeFi derivatives protocol by trading volume. In just four months on Blast, the protocol has achieved nearly $100 billion in cumulative trading volume with over 4 million transactions and 142,000 on-chain users.

SynFutures will continue to support Blast, expanding its reach and doubling down on its commitment to become the destination for trading popular tokens, including memecoins and altcoins. V3 already supported perp pairs for popular tokens like PAC, DEGEN, YES, WIF, and ESE on Blast, and is now bringing this strategy to Base.

Memecoin Perp Summer

Running from June 18 to July 29, 2024, Meme Perp Summer aims to highlight and reward new token projects that drive real traction and engagement. Selected projects can earn up to 10,000 USDC from the rewards pool, which can be used to purchase project tokens from the Treasury or designated DEX and list them on SynFutures. Meme trading pairs are listed on WETH or USDC, providing additional trading opportunities and liquidity.

  • Timeline: June 18, 2024 – July 29, 2024
  • Reward Pool: 100,000 USDC and future designated airdrop allocation

Key Dates:

  • June 18: Launch campaign and start signing up for token project
  • June 25: Token project registration deadline, eligible projects and reward allocation announced
  • June 26: Exclusive one-day promotions on eligible token trading pairs listed on SynFutures and on social media channels
  • July 29: Tentative end date for Meme Perp Summer campaign

Eligibility and Participation: Token projects interested in participating must have an ERC20 token in the Base, an active and engaged community, and a proven track record of gaining traction without intent to disrupt. The main requirements are:

  • 5,000 social media followers
  • $100,000 trading volume in last 24 hours
  • Regular and active social media engagement and events
  • Trading pairs listed on Uniswap v2
  • Joint marketing commitment with SynFutures

Token projects interested in participating in Meme Perp Summer should message SynFutures' official X account, @SynFuturesDeFi, directly. A SynFutures team member will respond with a registration form. The registration process requires project details, community metrics, and a commitment to meet participation requirements.

Introduction to Shin Futures

SynFutures is a decentralized perpetual futures protocol that instantly facilitates open and transparent trading for any asset and list. V3 Oyster AMM has launched the industry's first integrated AMM and on-chain order book model.

Backers include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures, and the team has received support from global financial institutions, fintech companies, and blockchain technology companies such as Alipay. We have extensive experience. , Bitmain, Credit Suisse, Deutsche Bank, Matrixport, and Nomura Securities.

Visit SynFutures for more information. website | Twitter | warp cast

contact

CMO
mark lee
Shin Futures
(email protected)

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