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Paradex Boosts $DIME Airdrop Allocation Ahead of Token Launch

Paradex has announced updates regarding its upcoming $DIME Token Generation Event (TGE). The event is scheduled for late February or early March, with an expanded airdrop allocation for traders who participated in XP Season 2. Paradex is a…

PBy Peter CollinsJan 31, 20261 min read

Paradex has announced updates regarding its upcoming $DIME Token Generation Event (TGE). The event is scheduled for late February or early March, with an expanded airdrop allocation for traders who participated in XP Season 2. Paradex is a privacy-focused, zero-fee on-chain perpetuals platform, and XP Season 2's conclusion marks a significant step in the launch of its native token.

Paradex will distribute 25% of $DIME's fully diluted supply to all XP holders at TGE, with tokens available immediately without vesting periods. The allocation for Season 2 participants has increased to 20% of the total supply, reflecting the significant trading activity during the season. An additional 5% is reserved for Pre-Season and Season 1 XP holders, totaling a quarter of the token's supply for XP-linked distribution.

The platform reported substantial growth during XP Season 2, including a 30-fold increase in daily trading volume, rising from $68 million to $2.1 billion. Open Interest rose from $28 million to $679 million, and Total Value Locked increased from approximately $25 million to $218 million. The user base expanded from over 4,000 to more than 70,000 traders.

Paradex has announced updates regarding its upcoming $DIME Token Generation Event (TGE).
Peter Collins · Thehackingpost

The $DIME TGE will occur after the Chinese New Year, targeting the last week of February or the first week of March. The launch will initially take place on Paradex spot markets to establish initial price discovery.

XP Season 3 will start on February 1, introducing new product verticals such as spot trading, Real-World Asset perpetuals, and options. XP accumulation will commence immediately, with the first weekly distribution occurring post-TGE.

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These strategic developments indicate Paradex's focus on rewarding actual platform usage and positioning $DIME as a long-term incentive mechanism.

Based on reporting by TechBullion.

AI transparency. This article was produced with the assistance of artificial intelligence and published under human editorial oversight. AI systems can make mistakes. Read how we use AI (EU AI Act, Art. 50).
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