Superp (SUP): High-Leverage Perpetual Trading for Meme Coins
Superp is an on-chain derivatives trading platform offering leverage up to 10,000x on meme coins and trending crypto assets. Founded by former Huobi Global executives in Singapore, the platform has raised $15 million from UOB Ventures, ABCDE, and The Brooker Group. With 24-hour trading volume reaching $93.23 million, SUP (SUP) will soon be available on Bitget!
What is Superp (SUP)?
Superp is an on-chain derivatives trading platform specializing in leveraged perpetual contracts from 3x to 10,000x. The platform aims to bring accessible and secure trading infrastructure for the next 100 million crypto users, particularly targeting meme coins and other niche on-chain assets.
Formerly known as Vanilla Finance, Superp was rebranded in June 2025 to better align with its focus on perpetual trading for meme coins and community-driven tokens. The platform enables users to gain large, leveraged exposure to leading cryptocurrencies with minimal capital requirements.
Core Innovation: Superp addresses the lack of accessible, highly leveraged, and user-friendly derivatives trading platforms on-chain for emerging crypto assets. By facilitating leveraged derivatives trading, Superp serves active traders seeking amplified exposure while eliminating the need for trusted intermediaries through its non-custodial design.
Who Created Superp (SUP)?
Superp was founded in 2024 in Singapore by Web3 veterans with extensive backgrounds in blockchain and global crypto infrastructure.
Key Team Members:
● Michael Cameron (Co-founder & CEO): Over 9 years in blockchain with 6 successful entrepreneurial exits including Game Space, LongTu Gaming, HashKey, MEX, Key3, GoChip, and Serious Fluencer. Deep ties to over 150 Web3 DAOs and major gaming communities since entering blockchain in 2013.
● Jonathan Heung (Co-founder): Former Head of Global Finance at Huobi, one of the largest crypto exchanges globally. Also co-founder of iSwap and Vanilla Finance, bringing deep fintech, trading, and operational experience from major centralized exchange environments.
● Patrick Dong, PhD (Co-founder): Holds a doctoral degree and is recognized for contributions to the project's technical and strategic direction.
The founding team combines experience from high-stakes crypto exchange operations (Huobi, iSwap), gamefi and blockchain product startups, and technical leadership. The project was created to address the gap in user-friendly, highly-leveraged, and secure platforms for on-chain derivatives, especially for retail traders interested in crypto culture volatility.
What VCs Back Superp (SUP)?
Superp has secured strategic backing from leading crypto and traditional investors across multiple funding rounds totaling $15 million.
Major Venture Capital Backers:
● UOB Ventures (Lead investor)
● ABCDE Capital
● The Brooker Group
● Paper Ventures
● HTX Ventures (Huobi Ventures)
● Signum Capital
● Ocular VC
● Openspace Ventures
● YTWO
● Cherry Ventures
Notable Individual Investors:
● Mable Jiang
● Sandy Peng
● @clement_0x (angel investor)
Accelerator Programs:
Superp was selected for the 8th phase of the Binance MVB (Most Valuable Builder) Accelerator Program, receiving incubation support and funding from Binance and CoinMarketCap as part of its MVB cohort.
How Superp (SUP) Works
Superp operates through key technologies that democratize high-leverage trading:
High-Leverage Trading
Superp allows users to control large positions with minimal capital, offering leverage up to 10,000x on select tokens. With just $10, users can take trading positions equivalent to much larger amounts, democratizing access to high-leverage trading previously limited to professional traders.
Dual Product Offering
Meme Perps: Allows users to trade newly launched tokens with 3x-10x leverage, supporting both long and short positions, completely on-chain and permissionless.
Super Perps: Provides leverage up to 10,000x for mainstream tokens with no liquidation risk during holding periods, using weighted price indices from multiple major exchanges to minimize price manipulation risks.
No-Liquidation Mechanism
Superp's "No-liquidation Perp" operates through a Profit Swap Contract that functions as binary options. Users directly pay USDT to purchase call or put options on underlying assets. The platform uses 10-minute settlement periods, generating revenue through option premiums while eliminating traditional liquidation risks for traders.
Multi-Chain and Social Integration
All trades occur on-chain through smart contracts, with support for multiple blockchains including Binance Smart Chain. The platform offers interfaces through both web applications and Telegram MiniApps, making high-leverage trading accessible through familiar social platforms.
You can access the platform at superp.xyz and trade directly through Telegram integration for enhanced accessibility.
Superp Token (SUP) and Economics
The SUP token serves as the native utility and governance asset for the Superp ecosystem.
Token Details
● Token Name: SUP
● Token Symbol: SUP
● Total Supply: 1,000,000,000 tokens (1 billion)
● Blockchain Deployment: Primarily Binance Smart Chain (BSC)
● Estimated Fair Value: $100 million FDV
● Initial Circulating Market Cap: $15.5 million (15.5%)
Token Utilities
● Trading Fee Discounts: Reduce fees when trading on Superp's perpetual DEX
● Staking and Rewards: Stake SUP to earn protocol fee shares and yield rewards
● Governance Participation: Vote on platform proposals, parameter changes, and new asset listings
● Ecosystem Incentives: Earn rewards through trading volume, referrals, and community participation
● Product Access: Access advanced trading features and exclusive campaigns
Potential Token Holders
● Total Eligible: 8.11 million users qualified for airdrops through Cart Level achievements
● Effective Holders (>$10): Estimated 40,000 users based on tokenomics analysis and tier distribution
Why Superp?
Traditional derivatives trading faces barriers around accessibility, leverage limits, and custodial risks. Superp addresses these challenges:
Proven Leadership: Founded by former Huobi Global executives with deep crypto exchange operational experience and successful track records in blockchain entrepreneurship.
Strong Funding: $15 million raised from top-tier investors including UOB Ventures, ABCDE, and participation in Binance MVB Accelerator Program.
Live Trading Volume: Platform already generating $93.23 million in 24-hour trading volume with $170,000 TVL, proving product-market fit and user adoption.
Massive Airdrop Reach: 8.11 million eligible users for token distribution, creating one of crypto's largest potential communities.
No-Liquidation Design: Proprietary Profit Swap Contract mechanism enables ultra-high leverage without traditional liquidation risks, reducing trader anxiety in volatile markets.
Social Trading Integration: Native Telegram integration makes advanced derivatives accessible to mainstream crypto users.
Meme Coin Specialization: First-mover advantage in providing high-leverage derivatives for trending meme coins and community-driven assets.
Superp democratizes high-leverage trading by combining user-friendly interfaces with professional-grade derivatives capabilities.
SUP Goes Live on Bitget
We are thrilled to announce that Superp (SUP) will be listed in the Innovation Zone. Check out the details below:
Trading Available: 5 August 2025, 11:00 (UTC)
Withdrawal Available: 6 August 2025, 12:00 (UTC)
Trade SUP/USDT on Bitget!
Community Links: Website | Twitter | Telegram
Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
