Paradex officially announced today the successful conclusion of the second season of XP, marking an important step towards the upcoming $DIME Token Generation Event (TGE).
To continue its commitment to "trader-first" incentives, Paradex confirmed that 25% of the total supply of $DIME, fully diluted, will be airdropped to all XP holders at the TGE, with the tokens being fully unlocked upon issuance.
To significantly expand rewards for the community, Paradex also announced that second season XP holders will receive 20% of the total token supply, an increase from the originally planned 15%. This move further reinforces the platform's long-term focus on rewarding active participation in ecosystem building.
The TGE for $DIME is currently scheduled to take place after the Chinese Lunar New Year holiday, around the end of February or early March. The specific date will be announced by the Paradex Foundation at a later time.
XP Second Season: Significant Growth and Final Week Distribution
The second season of XP was a period of tremendous growth for Paradex across various core protocol metrics:
- Daily trading volume increased from $68 million to $2.1 billion (31 times growth)
- Open contracts grew from $28 million to $679 million (24 times growth)
- Total locked value rose from $25 million to $218 million (9 times growth)
- Total user count increased from 4,100 to 70,300 (17 times growth)
In the final week of this season (January 23 to January 29), Paradex directly distributed 6 million XP to active user wallets and allocated additional rewards through referral codes and affiliate programs.
Users with more than 25,000 XP in the final week also received an exclusive BadgerBox airdrop.
The final waitlist snapshot is scheduled for January 31 at 00:00 UTC.
$DIME Airdrop Distribution Details
Paradex confirmed the following distribution structure for $DIME at the TGE:
- 25% of the total supply allocated to all XP holders (fully unlocked)
- 20% specifically allocated to second season XP participants (increased from 15%)
- 5% reserved for previous season and first season XP holders (unchanged)
With half of the token supply dedicated to user rewards and participation incentives, Paradex continues to build a trading platform centered around long-term ecosystem co-construction.
Token Generation Event Details
- Token: $DIME
- Timing: After the Lunar New Year
- Target Window: Last week of February or first week of March
- Initial Listing: Paradex spot market
- Issuer: Paradex Foundation (specific date to be announced)
XP Third Season to Launch on February 1
Looking ahead, Paradex announced that the third season of XP will officially launch on February 1, with a focus on the next phase of ecosystem expansion, including:
- Spot trading
- Real-world asset (RWA) perpetual contracts
- Options market
XP accumulation will begin immediately on February 1, while the distribution of XP for the first week will occur after the TGE to ensure the team can prioritize a smooth and focused token issuance.
Paradex reiterates its commitment to transparent execution, continuous collaborative incentives, and rewarding traders and builders who drive long-term growth in the ecosystem.
About Paradex
Paradex is a privacy-first, zero-fee on-chain perpetual contract exchange focused on providing high-performance decentralized trading infrastructure for global cryptocurrency participants.
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