In a recent post on X, on-chain infrastructure network Syndicate revealed plans to launch its native token, SYND, on Ethereum. Over 50% of the total supply—about 501.2 million tokens—will be allocated to the community.
This allocation does not include the 2% distributed in an airdrop on August 15, which targeted appchains, developers, and ecosystem participants interested in building or staking on Syndicate.
Syndicate is recognized for enabling developers to design custom transaction sorting rules that strengthen protocols and economic systems, allowing value to circulate directly back to tokenized communities on-chain.
According to its Litepaper, SYND will serve multiple roles within the ecosystem: functioning as a gas token for the network and its commons chain, a staking asset, and an incentive mechanism to reward active community participation.
“[SYND] puts real ownership and control of the network in the hands of the community via its Wyoming-based DUNA,” the network stated.
While an exact launch date has yet to be announced, Syndicate confirmed that tokens distributed during the August airdrop will remain non-transferable until the official launch.
In late August, Syndicate officially launched, presenting itself as one of the “first decentralized networks to be built and launched in America.” The claim stems from its formation under Wyoming’s Decentralized Unincorporated Nonprofit Association (DUNA) framework, which grants legal recognition to blockchain-based organizations and DAOs, allowing them to operate lawfully while maintaining decentralization.
Syndicate first rose to prominence in 2021 after securing $20 million in a Series A funding round led by a16z, with participation from IDEO CoLab Ventures, Coinbase Ventures, Robot Ventures, Variant Fund, and Alliance DAO.
SYND Tokenomics
Per the network’s Litepaper, the SYND token will launch with a total supply of 1 billion tokens on Ethereum. Around 92% of the supply has already been minted, while the remaining 8% will be gradually released as emissions by the token contract.
These emissions will occur every 30 days over a four-year period, distributing 80 million tokens in total. The mechanism is designed to foster network growth and provide ongoing incentives for community participation.
Meanwhile, the community is set to receive 50.12% of the total SYND supply, excluding the 2% distributed during the August airdrop. The Treasury will control 25.87%, while investors will hold 15.89% and the team will retain 24.99% of the supply.
Tokens allocated to team members will be locked for 48 months with a one-year cliff, a schedule that also applies to investor allocations.
