StandX 

What is the StandX perps DEX?

StandX is a decentralized perpetual futures exchange that operated on BNB Chain and Solana under a "Stablecoin × Perps" model: all trading margin is held in DUSD, a yield-bearing stablecoin. StandX was founded by Aaron Gong, former head of Binance Futures. Mainnet went live on November 24, 2025, after an Alpha phase that opened October 14, 2025. On October 15, 2026, StandX announced an orderly wind-down and cancelled its planned platform token.

Does StandX have a token or TGE?

No. StandX has no token, and the team confirmed on October 15, 2026 that the planned platform token will not launch, so no TGE will take place. No StandX market exists on any centralized or decentralized exchange, because no tradable StandX asset was ever issued. The protocol's economic asset is DUSD, a stablecoin rather than an appreciation token: DUSD holders earn yield, not price exposure to a StandX token.

What is StandX DUSD?

DUSD is the USD-pegged yield-bearing stablecoin of the StandX exchange, introduced in December 2024. DUSD was minted 1:1 from USDT or USDC on BNB Chain and Solana. Redemption paid out 1:1 after a 7-day unlock period. Yield accrued to holders automatically from platform revenue, with no staking required. New DUSD minting stopped on October 20, 2026 under the wind-down schedule.

How did StandX DUSD earn yield for holders?

DUSD yield came from perpetual trading fees and funding payments collected by the StandX platform. Holders received yield automatically in their DUSD balance, without staking, locking, or claiming. Both yield and points accrual stopped on October 15, 2026, when StandX began winding down operations. Before the wind-down, DUSD ranked as a leading PancakeSwap pair on BNB Chain.

What is the StandX DUSD airdrop and who qualified?

StandX scheduled a one-time DUSD airdrop to replace the cancelled token launch. Allocations were based on pre-deposits from the campaign that started April 2025, Alpha activity, mainnet trading, market making, and referrals, subject to anti-sybil checks. An eligibility checker is scheduled to open at 00:00 UTC on October 26, 2026. The claim window runs November 1 through December 31, 2026. DUSD left unclaimed after December 31, 2026 is forfeited. Phishing risk around fake claim pages is elevated, so verify any claim site against StandX's official website and X account.

When is the DUSD redemption deadline after the StandX wind-down?

DUSD redemption and withdrawal requests close on January 31, 2027, and StandX processes each redemption within roughly seven days. Perp trading became reduce-only on October 20, 2026. Remaining positions close at mark price on January 15, 2027. Missing the January 31, 2027 deadline means any unredeemed DUSD and unwithdrawn balances become unrecoverable, so the deadline is the hard end of the wind-down.

Who founded StandX?

Aaron Gong, former head of Binance Futures, founded StandX. Funding rounds, raise amounts, and investors are not publicly disclosed. Binance Wallet partnered with StandX in December 2025 on a 10-point bonus campaign. That partnership was a distribution arrangement, not an investment, so no verified cap-table data exists for the project.

Is the StandX exchange still operating?

No. StandX is in an orderly wind-down announced October 15, 2026, not ongoing operations. Per DropsTab data, both StandX earning campaigns, Yield Farming and Trading, started on November 24, 2025, and earning on both stopped on October 15, 2026. Before the wind-down, the platform reported more than 237,000 users and peak total value locked above $200 million, with no fund security incidents.