StandX Announces It Will Not Issue a Token, Perpetual Contracts to Enter Reduce-Only Mode Starting October 20

Odaily News: StandX officially announced on X that it will airdrop DUSD to users. The airdrop will have no lock-up period, and the platform will not conduct a token issuance. The airdrop claim window will open on November 1 and close on December 31.

In addition, StandX's perpetual contract business will switch to reduce-only mode starting October 20. All positions will be closed on January 15, 2027, and withdrawal and redemption services will be shut down on January 31, 2027. The team stated that a full announcement detailing the specific arrangements will be released later.