According to an official announcement reported by Jinse Finance, the application chain infrastructure protocol Syndicate has launched its mainnet and conducted its TGE today. As of press time, the token SYND is trading at $1.84. Based on the total token supply of 1 billion, the protocol's FDV has reached $1.84 billion. Syndicate, formerly a decentralized investment platform, completed a $20 million Series A funding round in 2021, led by a16z.