Application Chain Infrastructure Syndicate will issue tokens this month, 2% for air-investing

According to ChainCatcher, application chain infrastructure Syndicate announced on X that it will release token SYND this month, with a total issuance of 1 billion pieces, of which 2% are used to airdrop into the community, 15.89% are attributable to investors, and 24.99% are attributable to the team. SYND is a native Gas token for SyndicateNetwork, providing power to the application chain. With Syndicate, developers can easily build custom application-specific blockchains (application chains) and use programmable, atomically composable on-chain sorters. With Syndicate, developers can also build custom transaction sorting rules, enabled protocols and economic systems to allow value to flow directly back on the chain to their tokenized communities. Previously, Syndicate had received multiple rounds of financing led by a16z, and other investors include IDEOCoLabVentures, CoinbaseVentures, RobotVentures, VariantFund, AllianceDAO, Electric Capital, DelphiDigital, CoinFund, Archetype.