StandX Announces No Token Launch; Perpetual Contracts to Enter Liquidation-Only Mode on October 20

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StandX announces no token launch, confirming it will airdrop DUSD to users with no lock-up period. The airdrop runs from November 1 to December 31. On-chain updates reveal that perpetual contracts will transition to liquidation-only mode on October 20, with all positions set to close by January 15, 2027. Withdrawal services will end by January 31, 2027. A full announcement will follow.

Odaily Planet Daily reports that StandX officially announced on X that it will airdrop DUSD to users, with no lock-up period and no token issuance by the platform. The airdrop claim window will open on November 1 and close on December 31.

In addition, StandX perpetual contracts will transition to a reduction-only mode starting October 20, with all open positions set to close on January 15, 2027. Withdrawal and redemption services will be discontinued on January 31, 2027. The official team stated that a full announcement detailing the specific arrangements will be released shortly.

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