Extended unveils XTEN tokenomics: 30% for community airdrop, fully unlocked at TGE

November 3: On-chain perpetual contract exchange Extended has unveiled the tokenomics for XTEN. The total supply is fixed at 1 billion tokens. Of this, 300 million tokens, or 30% of the total supply, are allocated to the community airdrop and will be fully unlocked at TGE to reward participants in the Extended Points program. The ecosystem fund accounts for 200 million tokens, including a 150 million emission reserve for staking rewards and a 50 million ecosystem fund, of which about 21.41 million are subject to existing arrangements and investor lock-ups, while about 28.59 million are unallocated and reserved for incentives, partnerships, and ecosystem development. The founding team and investors hold a total of 500 million tokens, none of which will unlock during the first 12 months. After that, the founding team and team will vest linearly from months 13 to 48, while investors will unlock 25% at month 12, with the remaining 75% vesting monthly over 48 months. The TGE date and airdrop claim window will be announced separately.

In July, we reported that Extended completed a $12.5 million strategic funding round led by eToro.