StandX Announces Halt on Token Issuance and Phased Shutdown of Operations, Will Conduct One-Time DUSD Airdrop to Community

According to official announcements, decentralized derivatives trading platform StandX has decided to gradually wind down operations following a strategic evaluation of its business and market environment, and has opted not to launch a native platform token. As a gesture of appreciation to the community, the platform will utilize all remaining revenue and additional capital injected by the team to distribute a one-time DUSD airdrop with no lock-up period. Eligibility for the airdrop will go live at 00:00 UTC on October 26, with the claiming period running from 00:00 on November 1 to 08:00 on December 31. Any unclaimed allocations will be forfeited if not redeemed within the designated timeframe.