Introducing FutureX, SynFutures’ Pre-DAO Committee
SynFutures is kicking off the launch of FutureX with its first virtual meetup on September 16, 2021, at 10 p.m. EST .
Since its inception, SynFutures has been committed to creating an open, decentralized, and permissionless derivatives market. We aim to democratize the derivatives market by empowering users to trade anything at any time.
With this mission in mind, we are the first DeFi protocol to launch a derivatives market, allowing users to list any asset pair with just a few clicks. The SynFutures protocol is community-driven from day one, ranging from asset listings to chain deployment.
But there is so much more.
SynFutures’ core team has always been dedicated to bringing the best practices from traditional finance and blockchain technology to the protocol. Over time, however, the development and governance will be gradually handed over to our community. When we say we are decentralized, we mean it.
As the first step, today we are pleased to introduce FutureX, SynFutures’ pre-DAO committee.
What is FutureX?
FutureX is our pre-DAO committee that precedes the development of a fully fledged DAO that will eventually control all SynFutures decisions and actions.
Our transition to full community governance will be a step-by-step process and managed with a relentless focus on security. We aim to strike a balance between diversified ownership and efficiency in decision-making and execution.
During the transition period, FutureX will serve to:
● Foster communication between community members, core contributors, investors and partners
● Spark ideas for SynFutures’ development through sharing market insights
● Prepare and practice for SynFutures’ community governance process
● Increase SynFutures’ brand awareness
Who will be involved in FutureX?
At launch, the committee will consist of community representatives, investors, core contributors, and guest speakers. In later stages, the committee members will be voted in by the community.
What will FutureX do?
FutureX members will be responsible for collecting proposals from the community, organizing discussions over the proposals and making decisions. Additionally, they will participate in monthly online meetups to hold discussions on relevant topics in the market. FutureX members will also update the community on the project’s progress and members’ contributions, as well as discuss community proposals.
FutureX members will also hold a session where they discuss the prototypes to evaluate and decide on the way forward for the project by unveiling the new products.
All records of the meetup discussions will be kept and shared with the community via our podcast and our Medium.
We’re thrilled to announce that our first FutureX meetup will be held on September 16, 2021, at 10 p.m EST (10 a.m. Singapore, September 17). Participants will include the SynFutures’ core contributing team as well as:
- Community Ambassador Mr. Block
- Dragonfly Capital
- Early User Mr. Gj
- Framework Ventures
- Polychain Capital
- Standard Crypto
- Pantera Capital
- SynFutures
During this meetup, FutureX will discuss selected topics collected from the community. Please post your questions on our Discord — FutureX server!
We’re beyond excited for our first meeting. Afterwards, we will release more details of our decentralization plan, so stay tuned!
Community is the foundation of our project, and as such, we love hearing from our users. If you have any questions, ideas, or general comments, please send us a message on any of our social media platforms.
About SynFutures
SynFutures is a next-generation derivatives exchange focused on creating an open and trustless derivatives market by enabling trading on anything with a price feed. By cultivating a free market and maximizing the variety of tradable assets, SynFutures is lowering the barrier to entry in the derivatives market, creating a more equitable digital assets exchange market.
Website: https://www.synfutures.com/
Youtube:https://www.youtube.com/watch?v=jiVP5TIk4P8
Twitter: https://twitter.com/SynFuturesDefi
Discord: https://discord.com/invite/qMX2kcQk7A
Telegram: https://t.me/synfutures_Defi
Github: https://github.com/SynFutures
