Official Statement: $SYN & The Future of Synthra 💜
We owe our community an explanation and a sincere apology.
Yesterday, we deployed the $SYN contracts while preparing for a potential launch. However, due to changing market conditions, we decided not to proceed.
Despite no official launch or UI being enabled, the publicly accessible contracts were discovered and trading began.
What followed was an unintended concentration of approximately 50% of the token supply in a single holder or coordinated group of wallets.
This is not the fair distribution we envisioned, and it is not a foundation we are willing to build upon.
We have therefore made the decision to discontinue $SYN as an official Synthra token.
But our responsibility does not end there.
Here’s what happens next:
• We have taken a snapshot of $SYN holders. The identified bundler wallets will be excluded from the recovery process.
• The snapshot has already been completed. Buying $SYN now will NOT make you eligible for the recovery process or any $POLL allocation.
• Eligible holders will receive a $POLL allocation. The exact distribution ratio and timeline will be announced once finalized.
• All fees collected from $SYN will be directed toward purchasing $POLL to support the recovery of affected holders.
• As a first step, we have already bought back 13,000,000 $POLL from the market.
One ecosystem. One token. $POLL.
Moving forward, $POLL will become Synthra’s sole official token, with our future utility and ecosystem development focused around it.
No more additional Synthra tokens.
No fragmented ecosystem.
Just one token at the heart of everything we build.
We understand the frustration this situation has caused, and we sincerely apologize for the circumstances surrounding $SYN.
Our priority now is to support affected holders, restore trust, and move forward with a stronger foundation.
The launch did not go as intended.
Our vision hasn’t changed.
Synthra is here to build.
And $POLL is where we build from. 💜
The Synthra Team
Synthra is LIVE on mainnet.
Trade any token into any token, across chains.
Arc included.
Swap. Trade. Provide liquidity. Trade perps. Launch your token.
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