Our First Community Proposal Was Incredibly Successful
This month we held our first community proposal, asking our community to choose which network we should deploy next.
That proposal was held from December 29th until January 7th, and we received 286 votes from SynFutures users who hold our limited NFTs and have DAO rights. This indicates a high level of engagement from our active users, as they got involved with this vote. It also shows how SynFutures is working together with its users to improve their user experiences on SynFutures, optimizing it to an even greater platform.
With the success of this first community proposal, we will be opening up our channels for more ideas and initiatives from our active users, and that will begin with a brand new Discord channel on our server specifically opened for community-initiated proposals.
Please submit your proposal to the DAO-proposal channel for the SynFutures team and community members to review: https://discord.gg/zmkemaUj7e
Having these community-led proposals and voting mechanisms is a great communication tool for us with our communities, as we firmly believe in the strength and knowledge of our community when it comes to all things crypto. With more community insight and interaction, SynFutures will continue to grow in the right direction for our users.
We are currently deployed on Ethereum, Polygon, Binance Smart Chain and Arbitrum. As shown in the results of our proposal, we are working towards deploying on Avalanche, then on Near and Fantom in the order of the voting results.
Avalanche is a leading blockchain that has smart contract capabilities which are vital for DeFi applications and NFTs. Since launching in 2020, Avalanche’s faster speeds and lower costs have made it enormously popular with crypto users, and the price of the platform’s native coin $AVAX hit a number of all-time highs through 2021.
The popularity of Avalanche is reflected in how our users voted, as the platform earned 50% of the votes, ahead of second-placed Near/Aurora, which earned 44% of the votes.
We’re just as excited as our users to launch on Avalanche. Stay tuned for more information on our deployment with Avalanche!
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.
