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Paradex Confirms $DIME TGE Timeline and Expands Airdrop Allocation Following XP Season 2 Conclusion

Paradex Confirms $DIME TGE Timeline and Expands Airdrop Allocation Following XP Season 2 Conclusion
Paradex Confirms $DIME TGE Timeline and Expands Airdrop Allocation Following XP Season 2 Conclusion

Paradex right this moment introduced the official conclusion of XP Season 2, marking a serious milestone within the platform’s roadmap towards the upcoming $DIME Token Generation Event (TGE).

As a part of its continued dedication to trader-first incentive alignment, Paradex confirmed that 25% of $DIME’s absolutely diluted provide will probably be airdropped to all XP holders at TGE, with tokens absolutely unlocked at launch.

In a big growth of neighborhood rewards, Paradex additionally revealed that Season 2 XP holders will obtain 20% of the entire token provide, up from the beforehand deliberate 15%, reinforcing the platform’s long-term give attention to rewarding energetic ecosystem participation.

The $DIME TGE is at present scheduled for late February or early March, following the Chinese New Year vacation, with the official date to be introduced by the Paradex Foundation.

XP Season 2: Major Growth and Final Week Distribution

XP Season 2 represented a interval of considerable development for Paradex throughout each main protocol metric:

  • Average every day buying and selling quantity elevated from $68M to $2.1B (31x)
  • Open Interest grew from $28M to $679M (24x)
  • Total Value Locked rose from $25M to $218M (9x)
  • Total customers expanded from 4.1k to 70.3k (17x)

During the ultimate week of the season (January 23 to January 29), Paradex distributed 6 million XP on to energetic consumer wallets, with further rewards allotted by referral codes and affiliate packages.

Users surpassing 25,000 XP in the course of the ultimate week additionally acquired unique BadgerBox drops.

A ultimate waitlist snapshot is scheduled for January 31 at 00:00 UTC.

$DIME Airdrop Allocation Breakdown

Paradex confirmed the next $DIME distribution construction at TGE:

  • 25% of whole provide allotted to all XP holders (absolutely unlocked)
  • 20% devoted particularly to Season 2 XP individuals (elevated from 15%)
  • 5% reserved for Pre-Season and Season 1 XP holders (unchanged)

With half of the token provide devoted to consumer rewards and participation, Paradex continues to place itself as a platform constructed round long-term ecosystem alignment.

Token Generation Event Details

  • Token: $DIME
  • Timing: After Chinese New Year
  • Target Window: Last week of February or first week of March
  • Initial Listing: Paradex Spot Markets
  • Issuer: Paradex Foundation (official date forthcoming)

XP Season 3 Launches February 1

Looking forward, Paradex introduced that XP Season 3 will start on February 1, shifting focus towards the following part of ecosystem growth, together with:

  • Spot buying and selling
  • Real-World Asset (RWA) Perpetuals
  • Options markets

XP accumulation will start instantly on February 1, whereas the primary weekly XP distribution will happen post-TGE, permitting the crew to prioritize a easy and targeted token launch.

Paradex reiterated that the platform stays dedicated to clear execution, continued incentive alignment, and rewarding the merchants and builders who drive long-term ecosystem development.

About Paradex

Paradex is a privacy-first, zero-fee on-chain perpetuals trade targeted on high-performance decentralized buying and selling infrastructure for a worldwide neighborhood of crypto individuals.

Website: https://paradex.commerce/
X (Twitter): https://x.com/paradex
Discord: https://discord.gg/paradex

The publish (*2*) appeared first on Metaverse Post.

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