SynFutures
Crypto Overview
Overview
SynFutures is a decentralized derivatives trading protocol that allows users to create and trade futures contracts on any assets. The platform aims to democratize futures trading by enabling permissionless listing of any asset pair, including cryptocurrencies, commodities, and indexes.
Purpose & Utility
The F token serves as the protocol's governance token, allowing holders to participate in decision-making regarding protocol parameters, upgrades, and fee structures. Token holders can also stake F tokens to earn a share of the protocol's trading fees.
Business Model Analysis
The protocol's primary function is to facilitate derivatives trading, which involves speculative trading with leverage. While the platform does enable actual asset ownership and value transfer through its governance token, the core functionality centers around derivatives trading that often resembles zero-sum games.
Platform Development & Adoption
SynFutures has shown consistent development activity and has launched multiple versions of its protocol. The platform has processed significant trading volume and integrated with various blockchain networks including Polygon and BNB Chain.
Token Distribution
The token distribution includes allocations for the team, early investors, and community incentives. While specific vesting schedules are in place, a significant portion of tokens is controlled by the founding team and early investors.
Crypto Impact
To assign a comfort level investing in SynFutures from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to SynFutures.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.