Decentralized perpetuals change edgeX has confirmed that the token era occasion (TGE) and itemizing for its native EDGE token will happen on March 31.
EDGE has a complete provide of 1 billion tokens. At TGE, 25% of the provision shall be airdropped, with as much as an extra 5% for individuals within the Pre-TGE Season factors program. The remaining 70% is allotted to Ecosystem & Group, Core Contributors, and Basis.
The token is already altering palms forward of the official launch, with pre-market buying and selling opening on Binance on March 19. EDGE is buying and selling round $0.70, implying a totally diluted valuation of roughly $700 million.
EDGE Premarket
The airdrop declare window additionally opened on March 19, based on an announcement from edgeX.
edgeX, which is incubated by Amber Group, has grown quickly since launching in November 2024. The change processed roughly $4.4 billion in 24-hour buying and selling quantity throughout 176 buying and selling pairs, with almost $1.1 billion in open curiosity, based on CoinGecko, making it the third-largest perpetual DEX after Hyperliquid and Aster.
The TGE coincides with the platform’s transition from a single-product perp DEX to what it calls EDGE Chain, a purpose-built Ethereum Layer 2 for high-throughput monetary purposes.
In February, edgeX obtained a strategic funding from Circle Ventures alongside native USDC integration.
