SynFutures Unveils Perp Launchpad with $1 Million Grant to Support New Token Projects

SynFutures, a decentralized platform for trading crypto derivatives, has launched its Perp Launchpad, a new initiative designed to help emerging crypto projects establish and grow perpetual futures markets for their tokens.

The goal of the Perp Launchpad is to enhance accessibility to trading for lesser-known tokens by offering a broader range of derivative trading options, giving users more ways to engage with various digital assets, according to a press release from SynFutures.

Focus on Perpetual Futures Markets

What sets the Perp Launchpad apart from other platforms is its focus on perpetual futures markets, a unique form of derivatives trading. Unlike traditional futures contracts, perpetual futures do not have an expiration date, allowing traders to maintain positions indefinitely. These contracts are popular in leveraged trading, as they enable traders to take long or short positions with more flexibility.

In contrast to most crypto launchpads, which are primarily focused on spot trading (buying and selling assets directly), the Perp Launchpad targets derivatives markets, offering an alternative way for traders to gain exposure to a token’s price movements.

$1 Million Grant to Support Token Projects

As part of the Perp Launchpad initiative, SynFutures is introducing a $1 million grant program to help emerging token projects. The program will provide financial support, liquidity backing, and marketing assistance, helping new tokens gain visibility and attract traders. This initiative is designed to encourage more projects to launch perpetual futures markets and increase their access to liquidity and trading volumes.

By offering these resources, SynFutures aims to help projects gain traction in the derivatives market, enabling them to list tokens and engage their communities in new and innovative ways through trading and liquidity provision.

Initial Launch on Base Layer 2

To start, the Perp Launchpad will operate on Base, an Ethereum-based layer 2 network designed to provide scalability and low-cost transactions. The platform will allow projects to create perpetual trading pairs for their tokens, expanding their availability in decentralized markets.

SynFutures has already partnered with notable projects like Lido and Solv Protocol, helping to rapidly expand its ecosystem and grow the number of tokens available for trading since the launch of these collaborations in July 2024.

Empowering Traders with More Options

In addition to supporting token projects, the Perp Launchpad aims to provide individual traders with access to a wider variety of tokens, including popular assets like memecoins. To incentivize participation, SynFutures will also host trading competitions and other activities to engage traders in the growing on-chain derivatives market.

By focusing on perpetual futures and introducing its $1 million grant program, SynFutures is positioning itself as a major player in the decentralized derivatives space, offering both projects and traders new opportunities for growth and engagement in the crypto market.