ChainCatcher News: Paradex has officially announced that its native token $DIME token generation event (TGE) is coming soon.
Key data since launch:
- Total trading volume exceeds $250 billion
- Open contracts approximately $550 million
- Users over 75,000
- Peak daily trading volume exceeds $3 billion
- $DIME will be listed on Paradex spot market and serve as the native Gas token for Paradex Chain, with the platform conducting buybacks based on market conditions.
According to Messari, token distribution is as follows:
- 25.1%: Core contributors
- 25.0%: Community airdrops (fully unlocked at launch)
- 21.6%: Ongoing community rewards
- 13.4%: Paradigm shareholders
- Remaining: Foundation, liquidity programs, and future contributors
Paradex, developed by the Paradigm team, is an institutional-grade crypto derivatives liquidity network with a total trading volume exceeding $1 trillion. The platform operates an on-chain perpetual swap exchange, utilizing a Layer 2 settlement model with off-chain centralized limit order books and zk-STARK security guarantees.
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