Accidentally came across this announcement from Syndicate, feels like the 'prelude to token launch.' 1. Then I went to look for the token and found SYND, an ERC-20 token with CA: 0x1bAB804803159Ad84B8854581Aa53AC72455614e. Total supply is 920 million tokens, created 50 days ago, with 387 holders. During this time, many txs were just initial test transactions of 1. Pretty much confirms it. https://(etherscan.io)/token/0x1bab804803159ad84b8854581aa53ac72455614e balances 2. The essence of DUNA is 'token holder governance + legally compliant operations' within a legal framework. It’s essentially a 'compliance shell.' The announcement emphasizes token holders’ control over funds and the network, which almost directly implies there will be a governance token in the future. 3. Syndicate was led by a16z in its funding round. Initially, it started as a DAO tooling project, but now it’s upgrading itself into a 'token + community governance network.' These projects have been around for a while, but who knows if they’ll remember to take care of their early users.