StandX Shuts Down Operations & Cancels Token Launch 🛑📉
Perpetual exchange StandX is shutting down and canceling its token launch. Founded by former Binance Futures head Aaron Gong, the team stated that releasing a speculative token without long-term utility would only push market losses onto community members.
Instead of a token, remaining revenues and team funds are being distributed as a one-time $DUSD stablecoin airdrop with zero lockups. Eligibility checks open on 26 October 2026, with claims running from 1 November to 31 December 2026.
Key wind-down timeline:
🔹 Staking yields and vault deposits stopped on 15 October 2026.
🔹 Trading shifts to reduce-only (closing trades only) on 20 October 2026.
🔹 Open trades auto-close at mark price on 15 January 2027.
🔹 Final deadline to withdraw funds and redeem $DUSD is 31 January 2027.
While stablecoins prevent a dump, points farmers and pre-market buyers expecting a token allocation walk away with zero governance tokens.
Were you farming StandX? 👇
#StandX #DUSD #PerpDEX #CryptoNews
Perpetual exchange StandX is shutting down and canceling its token launch. Founded by former Binance Futures head Aaron Gong, the team stated that releasing a speculative token without long-term utility would only push market losses onto community members.
Instead of a token, remaining revenues and team funds are being distributed as a one-time $DUSD stablecoin airdrop with zero lockups. Eligibility checks open on 26 October 2026, with claims running from 1 November to 31 December 2026.
Key wind-down timeline:
🔹 Staking yields and vault deposits stopped on 15 October 2026.
🔹 Trading shifts to reduce-only (closing trades only) on 20 October 2026.
🔹 Open trades auto-close at mark price on 15 January 2027.
🔹 Final deadline to withdraw funds and redeem $DUSD is 31 January 2027.
While stablecoins prevent a dump, points farmers and pre-market buyers expecting a token allocation walk away with zero governance tokens.
Were you farming StandX? 👇
#StandX #DUSD #PerpDEX #CryptoNews