Paradex will launch its Genesis Airdrop on March 5th, with updated tokenomics.

RWA1,36%

PANews March 5 News, Paradex Foundation announced on X platform that its native ecosystem token DIME will launch a genesis airdrop on March 5. Eligible users can claim the airdrop via the Paradex user interface within two weeks starting from 15:00 Beijing time on March 5. The initial trading will be exclusively available on the Paradex platform at 22:00 Beijing time on March 5.

Regarding token economics, there have been two adjustments since the initial plan was released in December 2024: the community airdrop allocation increased from 20% to 25%, with the additional portion coming from an extended activity in Q2 2025; the foundation acquired XP from institutional holders, obtaining 4.4% of the total supply. These adjustments reduce the circulating supply at TGE by 4.4% to 24.5%, while increasing future quarterly allocations through ongoing community rewards.

For team token distribution, 80% will be unlocked based on performance rather than solely on time, with the remaining 20% unlocked over time, all following a four-year vesting schedule. The full performance framework will be released after TGE.

Paradex’s recent roadmap includes expanding zero-fee perpetual contracts to RWA assets such as commodities, forex, stocks, and indices; launching fixed-term options to enhance the derivatives product line; and integrating Paradigm’s institutional RFQ network to introduce large-scale liquidity.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Synthetix Releases 2026 Roadmap, All Trading Revenue Used for SNX Buybacks and sUSD

Synthetix released its 2026 roadmap plan on March 13, aiming to establish itself as a perpetual futures trading platform on the Ethereum mainnet. This includes buybacks of SNX and sUSD, the launch of multi-collateral capabilities and commodities markets, and a gradual transition of sUSD into a decentralized stablecoin. Additionally, Synthetix will host trading competitions and improve order functionalities.

GateNews3m ago

Sky governance proposal vote passed, daily buyback amount reduced from 300,000 USDS to 37,600 USDS

Sky protocol governance voting has passed, deciding to reduce the protocol income allocation used for SKY buybacks from 300,000 USDS daily to 37,600 USDS, and made multiple updates to Atlas Edit content, including removing specific risk exposures, adding to blocklist, and correcting related descriptions.

GateNews22m ago

Vitalik Buterin outlines 3 factors shaping Ethereum's future

Vitalik Buterin, co-founder of Ethereum and one of the most influential figures in the crypto industry, has just posted an article on social media platform X explaining why ETH remains a necessary component in many technology systems. According to Buterin, the community should change their perspective: instead of trying

TapChiBitcoin41m ago

Ghana’s Central Bank Tests Stellar-Based Akuna Wallet for Creator Economy Payments

Akuna Wallet entered the Bank of Ghana’s VASP sandbox to test Stellar-based cross-border payment tools for creators and freelancers. The platform targets payment costs in Sub-Saharan Africa, where cross-border transfers average 8.8%, above the UN’s 3% goal. Akuna Wallet has joined the Bank o

CryptoNewsFlash58m ago

BlackRock "Ethereum Staking ETF" Makes a Splash! First Day Trading Volume Exceeds $15.5 Million

BlackRock's "iShares Staked Ethereum Trust ETF (ETHB)" had a trading volume of over $15.5 million on its first day of listing, showcasing strong performance and highlighting the potential for institutional capital to flow into Ethereum. ETHB will directly hold Ether and participate in staking; in addition to benefiting from price fluctuations, investors can earn staking rewards, with 82% of the yields distributed to holders on a monthly basis.

区块客1h ago

HSBC and Standard Chartered Lead the Way! Hong Kong's First Batch of Stablecoin Licenses to Be Issued as Early as March 24, Monetary Authority Prioritizes Institutions with Note-Issuing Authority

The Hong Kong Monetary Authority is expected to issue the first batch of stablecoin licenses by the end of this month, with HSBC and Standard Chartered being the most likely institutions to receive approval. The licenses may be issued on March 24. The number of licenses issued will be limited and will prioritize institutions that already have authorization to issue banknotes. This move signifies an important step for Hong Kong in its journey toward becoming a global digital asset center.

動區BlockTempo1h ago
Comment
0/400
No comments