[Syndicate to Issue Tokens This Month, 2% Allocated for Community Airdrop] September 4 news: Application chain infrastructure Syndicate announced on X that it will release its token SYND this month, with a total supply of 1 billion tokens. Of this, 2% will be allocated for a community airdrop, 15.89% will go to investors, and 24.99% will be allocated to the team. SYND is the native gas token of the Syndicate Network, powering the application chain. Previously, Syndicate secured multiple rounds of funding led by a16z, with other investors including IDEO CoLab Ventures, Coinbase Ventures, Robot Ventures, Variant Fund, Alliance DAO, Electric Capital, Delphi Digital, CoinFund, and Archetype.