StandX announced it will shut down operations and will not launch a platform token. Instead, it plans a one-time DUSD airdrop with no lockup, funded from remaining project revenue and additional team contributions. Founder Aaron Gong said the team fell short of its goal to become a top-three perpetuals DEX and judged a token launch without sustainable long-term value irresponsible to the community. Official announcement · Aaron Gong’s explanation

StandX announced it will shut down operations and will not launch a platform token. Instead, it plans a one-time DUSD airdrop with no lockup, funded from remaining project revenue and additional team contributions. Founder Aaron Gong said the team fell short of its goal to become a top-three perpetuals DEX and judged a token launch without sustainable long-term value irresponsible to the community. Official announcement · Aaron Gong’s explanation

The announced deadlines are in UTC: yield distributions end October 15, 2026; perpetuals become reduce-only October 20; remaining positions close January 15, 2027; DUSD redemptions and asset withdrawals close January 31. Airdrop claims open November 1 and close December 31, 2026. Official announcement

The sources do not specify the exact time on January 31 when withdrawals and redemptions close.