On-chain perpetuals platform Extended has announced the tokenomics for its XTEN token, with a total supply of 1 billion. The community airdrop is the most noteworthy part.
Key allocations:
- 30% Community airdrop: unlocks at TGE, equivalent to 300 million tokens;
- 25.14% Founders and team: locked for 12 months, then released linearly over 36 months;
- 24.86% Investors: subject to a 12-month cliff, then released linearly over 36 months;
- 20% Ecosystem: of this, 150 million tokens go to the issuance reserve and 50 million to the ecosystem fund.
Overall, the community has the largest allocation, and its tokens unlock at launch, making the terms relatively favorable for early participants. However, the team and investor allocations together come to nearly 50%, so potential selling pressure over the medium to long term will depend on the unlock schedule. If you’re anticipating an airdrop, follow official announcements and task rules, and don’t click unfamiliar claim links.
#Extended #XTEN #Airdrop
Key allocations:
- 30% Community airdrop: unlocks at TGE, equivalent to 300 million tokens;
- 25.14% Founders and team: locked for 12 months, then released linearly over 36 months;
- 24.86% Investors: subject to a 12-month cliff, then released linearly over 36 months;
- 20% Ecosystem: of this, 150 million tokens go to the issuance reserve and 50 million to the ecosystem fund.
Overall, the community has the largest allocation, and its tokens unlock at launch, making the terms relatively favorable for early participants. However, the team and investor allocations together come to nearly 50%, so potential selling pressure over the medium to long term will depend on the unlock schedule. If you’re anticipating an airdrop, follow official announcements and task rules, and don’t click unfamiliar claim links.
#Extended #XTEN #Airdrop