XTEN Tokenomics Fully Revealed: 30% Airdrop Fully Unlocked at TGE, Staking Offers Up to 5x Yield Boost

Author: Extended (@extendedapp)

Compiled by Deep潮 TechFlow

DeepChaohao Summary: Amid intensifying competition in the decentralized perpetuals market, Extended, a perpetual DEX project founded by former core technology and finance teams from the UK digital bank Revolut, has officially launched its full tokenomics framework for its native token, XTEN.

Unlike the traditional models commonly adopted in the market, which feature high inflation and heavy vesting schedules, Extended has chosen an extremely aggressive and highly community-rewarding economic structure: the total token supply is permanently fixed at 1 billion tokens at genesis, completely closing any backdoors for inflation or additional minting. Of the initial 300 million tokens allocated to community points users, 100% of the tokens will be fully unlocked and released at TGE, with the initial circulating supply strictly capped at no more than 30%.

At the token empowerment level, Extended has designed a six-tier staking alliance system based on chess rankings, deeply integrating tokens into the entire trading matching and liquidity provision process through tiered fee discounts, accelerated treasury yield multipliers, and limited-release reserve rewards. Additionally, the project has natively integrated Circle’s Cross-Chain Transfer Protocol (CCTP) on the Arc network for the first time, enabling seamless, unwrapped asset transfers via destruction and minting, establishing a benchmark for token design that combines high liquidity with strong regulatory compliance in decentralized derivatives infrastructure.

XTEN is the native token of the Extended ecosystem and serves as the central hub for the exchange's fee structure, staking program, and Vault rewards. Starting from the Token Generation Event (TGE), staking XTEN earns staking rewards and unlocks exclusive trading fee discounts and enhanced Vault yields.

Maximum supply: 1,000,000,000 XTEN (1 billion fixed total supply).

Community airdrop allocation: 300,000,000 XTEN (300 million), 100% immediately unlocked at TGE.

Total TGE unlock ratio: Approximately 32.9% of the total token supply, with a free float cap not exceeding 30%.

XTEN Staking System: Launched concurrently with the TGE, featuring a tiered alliance structure starting from 500 XTEN.

300 million XTEN (exactly 30% of the total token supply) are exclusively allocated to qualified participants of the Extended Points Program and will be fully unlocked at the TGE. There is no cost or fee required to receive this airdrop.

To officially receive XTEN tokens, participants must accept the terms of service within the official mobile app. The specific terms and the time window for accepting signatures will be announced separately.

By default, XTEN will be distributed directly to the original wallet address linked when the Extended account was created. Users may also choose to transfer their entire airdrop allocation to another independent self-custody wallet, provided that the target wallet also has an active Extended account. In this case, both wallets must fully accept the terms and pass the relevant compliance reviews.

Users who complete signing before the TGE launch will receive their tokens before XTEN officially lists on Extended and other platforms. Users who complete signing later will receive their tokens in batches following their signing. Distribution may be slightly delayed if additional compliance review processes are required.

After the signature window closes, any unclaimed airdrop tokens will be automatically transferred to the ecosystem fund.

The XTEN staking program will launch simultaneously with the TGE. Your staked token balance directly determines your League Tier, which applies seamlessly to all sub-accounts under your name and determines your fee discount rate, additional vault yield multiplier, maximum accelerated vault deposit limit, and referral commission multiplier.

Chart: Extended Staking Alliance Tiers and Exclusive Benefits

The system includes two independent XTEN fee discount tiers:

Staking Discount: Discount rates range from 5% for the Pawn level to 30% for the King level, based on the user’s alliance tier.

XTEN Payment Discount: Enjoy an additional 10% fee reduction when eligible trading fees are settled directly using XTEN tokens. This feature will not be available at TGE and is expected to be officially launched in a later operational phase.

The above discounts are compounded multiplicatively with any applicable referral cashback discounts. For example, a King-tier user eligible for a 30% staking discount, a 10% referral discount, and a 10% XTEN payment discount would receive a maximum combined composite discount of 43.3% on trading volume-based fees when all three discounts apply.

An extended volume-based tiered fee schedule will be officially introduced during the TGE phase. Full details of the fee and rebate tiers can be found in the official documentation, and all token discounts apply on top of this fee structure.

The user's alliance rank directly determines the acceleration multiplier for the additional earnings from the Extended Vault, ranging from 0.5x for Private to 5x for King, subject to the maximum deposit limits corresponding to each rank.

Previously, the deposit limit for all loyalty tiers was fixed at $300,000. Starting from the TGE, deposit limits will be strictly tied to users’ actual staked amounts, with large stakers eligible for yield bonuses on deposits of up to $2 million.

Staking tiers will officially replace the original points ranking system after the TGE. Please note that the multiplier bonus applies only to the additional yield from the vault and does not affect the base benchmark yield; the base yield remains identical across all tiers.

Staking XTEN continuously earns rewards from a finite reserve established by the protocol. All rewards are drawn exclusively from the fixed allocation set during the genesis phase, with no new tokens ever minted.

The release of staked tokens will officially begin with the first Daily Epoch after the TGE and will be distributed to stakers by the Default Prover, responsible for settling all transactions on the Arc chain. After the validator nodes are officially activated, stakers must manually delegate their staked XTEN to their chosen validators to continue earning rewards.

The complete and detailed token release schedule will be fully disclosed prior to the TGE.

The alliance level also determines the commission multiplier for trading fees generated by qualified referrals. This multiplier is designed to amplify existing referral rewards and does not generate commissions independently. The Extended Promotion program will be upgraded at the TGE to integrate the new staking multiplier system; for more details, refer to the official documentation.

Users who wish to join the referral commission program can submit an application through official channels.

XTEN tokens in staking status are non-transferable throughout the entire staking period and during the 7-day unbonding queue. Tokens in the unbonding queue do not earn any staking rewards and are not counted toward alliance tier rankings.

Chart: XTEN Token Genesis Full Allocation Distribution

The ecosystem section is allocated a total of 200,000,000 XTEN (200 million):

Of these, 150,000,000 XTEN (150 million) are exclusively allocated to the release reserve pool, which is the sole source of funding for staking rewards across the entire system.

Additionally, 50,000,000 XTEN (fifty million) are allocated exclusively to the Ecosystem Development Fund:

Of these, 21,410,714 XTEN are retained under the existing framework and subject to the investor vesting schedule;

The remaining 28,589,286 XTEN tokens are unallocated and reserved exclusively for future growth incentives, strategic partnerships, ecosystem grants, and long-term development.

A total of 500,000,000 XTEN (500 million, or 50% of the total supply) are allocated to the founders, team, and early investors.

In this category, no tokens held by founders, team members, or investors may be unlocked within the first 12 months after launch.

After the 12-month cliff period, the founders' and team's token allocations will vest monthly on a linear schedule over 36 months, from month 13 to month 48.

Chart: XTEN Token Unlock and Vesting Schedule Over the Next 48 Months

Regarding the initial unlock on TGE day: 300 million community airdrop tokens and 28,589,286 unallocated ecosystem fund tokens are available for allocation on TGE day.

Of the 300 million airdrop tokens, 17,384,355 tokens represent the accumulated points earned by Extended’s internal market-making team. This team was responsible for proprietary market-making on the exchange from November 2024 to April 2026, earning points fairly and in full compliance with platform rules alongside other users. Once Extended’s market depth and liquidity reached self-sufficiency, the market-making operation was fully shut down. These tokens are currently owned by X10 Ltd., with no allocation retained by the market-making team or their lenders. A portion of these tokens is expected to be used to support liquidity market-making at XTEN’s launch, with the exact mechanism to be transparently disclosed prior to deployment; the remaining portion will be fully donated无偿 to the ecosystem fund.

Therefore, the actual public free float during the TGE phase will consist solely of up to 300 million XTEN claimed by the community, strictly limited to a maximum of 30% of the total supply.

The maximum supply of XTEN is strictly locked at 1,000,000,000 tokens at genesis. There is no inflation mechanism, no additional minting function, no governance pathway to increase the total supply cap, and no cross-chain backdoor that allows for arbitrary token minting on other networks.

The total supply will only decrease unidirectionally. XTEN tokens paid as transaction fees may be directly burned. Additionally, affiliated entities under the Extended Group have the right to repurchase XTEN on the open market, whether for routine operational needs or for treasury governance and supply regulation purposes (including direct burning upon approval). Once the token buyback program is officially launched, full details will be publicly disclosed.

The XTEN token will be natively integrated with Circle’s Cross-Chain Transfer Protocol (CCTP) at launch. XTEN is also the first third-party token on the Arc chain to receive native CCTP support.

Since the TGE, XTEN can be natively and seamlessly transferred between the Arc chain and other CCTP-supported blockchains through direct burning on one chain and re-minting on the target chain, eliminating the need for any third-party cross-chain bridges or wrapped tokens. The total supply of XTEN across all chains is strictly maintained at or below 1 billion tokens.

At launch, the Extended platform will temporarily not offer XTEN spot trading pairs to retail users within the European Union (EU).

The European Union’s Markets in Crypto-Assets Regulation (MiCA) imposes extremely strict compliance requirements for spot trading of crypto assets. Although MiCA provides a narrow exemption for fully decentralized services, it is practically difficult for Extended and its industry peers to safely rely on this exemption.

Although different platforms have varying tolerances for regulatory risk, our team has chosen a more cautious and conservative compliance path. Our long-term vision is to establish a licensed, regulated trading venue in Europe and serve retail and B2B2C markets through Builder Code. Any regulatory penalties resulting from non-compliant spot trading activities within the European Economic Area could jeopardize this ambitious vision and damage our existing and potential partnerships with crypto-native institutions and traditional financial institutions.

However, XTEN holders within Europe can still claim, hold, stake, and perform on-chain transfers of XTEN. XTEN will also be listed on several licensed external exchanges for public trading.

This article primarily covers XTEN’s token supply, distribution model, and core utility enablement. The following key items will be disclosed separately:

TGE exact date and airdrop claim window

Validator Node Activation Details and Logic

Staked Token Release Schedule

Upgraded Referral Commission Program

Details of the Token Buyback Program Launch

For more technical details, please refer directly to the Extended official developer documentation.

The offeror of the XTEN token is Extended Ecosystem Limited, and the official contact email is legal@extended.exchange.

The XTEN crypto asset whitepaper and issuer details are publicly available in the official documentation.

The XTEN whitepaper has previously been formally notified to the Cyprus Securities and Exchange Commission (CySEC), with effect extending to Cyprus and 26 other EU member states. Since the initial whitepaper filing, certain mechanisms have been optimized and iterated, and these updates will be reflected in the revised whitepaper, including the following key adjustments:

Team Vesting Optimization: The original whitepaper applied the same 12-month, 25% vesting schedule for investors to the team. The founders and team have now voluntarily transitioned to a monthly linear vesting schedule following the completion of the one-year lock-up period, eliminating the large, concentrated unlock at month 12 entirely.

Token release mechanism: The original whitepaper stipulated that release rewards would not be distributed until validators were activated. Under the optimized mechanism, token releases will begin immediately at the TGE stage through the default attestation node responsible for Arc transaction settlement;

Timeline: The original whitepaper scheduled the first transfer date as November 2, 2026; the revised TGE date and distribution timeline will be announced separately.

Vault Yield Boost: The original whitepaper did not include vault yield multipliers tied to staking volume; this module will be fully added in the new version.

This cryptocurrency marketing material has not been reviewed or approved by any competent authority in any EU member state. The offeror of the cryptocurrency assumes full legal responsibility for the content of this material. This announcement is not directed at residents of the United States, the United Kingdom, or other restricted jurisdictions.