XTEN tokenomics are out. Extended, the perp DEX built by ex-Revolut founders, has a fixed supply of 1 billion XTEN. 300 million, or 30%, goes to points holders and unlocks in full at TGE. Team and investors hold 50% with a 12-month lock. The ecosystem takes 20%. Extended has pencilled the TGE in for November 2026, but it has not announced the exact date or the claim window.
That leaves points holders in the awkward spot between “the numbers are public” and “nothing is claimable yet.” I farmed Extended myself, so this post covers what the numbers mean, the one allocation people are arguing about, how the claim will work, and what I am farming next.
XTEN Tokenomics at a Glance
Extended published the full breakdown on November 3. Here is the split.
Community airdrop: 300 million XTEN (30%). Every token unlocks at TGE. No vesting, no cliff. This is the pool points holders share.
Ecosystem: 200 million XTEN (20%). 150 million sits in a Release Reserve Pool, the only source of staking rewards. The other 50 million is the Ecosystem Development Fund. About 21.4 million of that follows the investor vesting schedule, and 28.6 million unlocks at TGE for partnerships, grants and incentives.
Founders, team and investors: 500 million XTEN (50%). Nothing unlocks for 12 months after listing. Investors then unlock 25% at month 12 and vest monthly through month 48. Founders and team vest linearly from month 13 to month 48.
Total unlock at TGE is about 32.9% of supply. The free float, meaning tokens people can actually trade, is capped at 30%, since only community-claimed XTEN counts as public float.
Supply can only shrink from here. Extended may burn trading fees paid in XTEN, and Extended Group entities can buy back on the open market. The buyback details are still to come.
One more detail that matters for farmers: the points program is over. Points stop being the ranking system at TGE, and staking tiers take their place. If you have been reading our airdrop points explainer, this is the conversion moment it describes.
The 17.4 Million Token Question
This is the part Crypto Twitter latched onto. Of the 300 million airdrop tokens, 17,384,355 XTEN correspond to points earned by Extended’s own internal market-making desk between late 2024 and April 2026.
Extended’s explanation: X10 Ltd, the group entity that runs the exchange, operated the desk with borrowed capital to keep spreads tight in the early months. The desk earned points under the same rules as everyone else. The tokens now sit with X10 Ltd. Neither the desk operators nor the capital lenders keep any.
What happens to them? Extended may use part of them to support liquidity at listing and promises to disclose the mechanism first. The rest goes to the Ecosystem Fund as a donation.
My read: this is about 5.8% of the airdrop pool, and Extended disclosed it rather than hiding it. That is better than most projects manage. Still, every token that goes to the house is a token that does not go to farmers, and “mechanism to be disclosed” is doing a lot of work in that sentence. Watch for the liquidity plan before TGE.
How the XTEN Airdrop Claim Works
No claim is open yet. When it opens, this is the process Extended has described.
Step 1. Sign the Terms of Service inside the official Extended mobile app. Extended will announce the exact terms and the signing window separately.
Step 2. Tokens go to the wallet linked to your Extended account by default. If you want them sent to a different self-custody wallet, that wallet also needs an active Extended account, and both must accept the terms and pass compliance review.
Step 3. Sign before TGE and you receive XTEN before it lists on Extended and other venues. Sign later and you get paid in batches, with compliance checks possibly adding delay.
Step 4. Claim before the window closes. Unclaimed tokens go to the Ecosystem Fund.
Two caveats. EU retail users can claim, hold, stake and transfer XTEN on-chain, but Extended suspends spot trading for them at listing because of MiCA. Users in the US, UK and Canada cannot use the platform at all. Also, XTEN launches with native support for Circle’s CCTP on Arc, so it moves between Arc and other supported chains with no wrapped version and no third-party bridge. Extended moved its settlement to Arc in October, which is why we keep pointing back to what Arc chain is.
What Is One Point Worth?
Nobody knows yet, and anyone quoting a firm number is guessing. Here is the guess, labelled as such.
Community estimates put total points near 70 million. Divide 300 million XTEN by that and you get roughly 4.3 XTEN per point. Pre-market XTEN has traded around $0.27 on Hyperliquid. Multiply, and one point is worth a bit over a dollar at today’s unofficial price.
Both inputs can move. The points total is a community estimate, not an Extended figure. Pre-markets are thin and often overpriced into TGE, as we covered in the airdrop allocations guide. Treat the number as a sanity check, not a forecast.
Staking Replaces Points at TGE
From TGE, staking XTEN decides your tier, fees and vault yield. Six tiers, named after chess pieces, run from Pawn to King. Staking starts at 500 XTEN, and the tier applies across all sub-accounts under one name.
Fee discounts
Staking cuts trading fees from 5% at Pawn to 30% at King. Paying fees in XTEN adds another 10%, though that is not live at TGE. Discounts stack multiplicatively with referral discounts, so a King with the XTEN payment discount and a referral code lands around 43% off.
Vault boosts
Tiers multiply the bonus yield on Extended vaults, from 0.5x at Pawn to 5x at King. Base yield is the same for everyone. Deposit caps used to be a flat $300,000. After TGE, caps scale with your stake, up to $2 million.
Unstaking
The unstaking queue is seven days. Queued tokens stay frozen, earn nothing and do not count toward your tier. Plan around that before you stake an allocation you might want to sell.
Staking rewards come only from the 150 million Release Reserve Pool. They start in the first daily epoch after TGE. Once Extended’s validator node is active, stakers have to delegate manually to keep earning.
What Is Still Missing
Extended has been clear about what is not decided. The list is long enough to matter.
The TGE date. The airdrop claim window. The Terms of Service text and when signing opens. The staked token release schedule. The upgraded referral program. The buyback program. The full volume-based fee and rebate table. The liquidity mechanism for the 17.4 million market-making tokens. And the revised whitepaper, which Extended filed with the Cyprus regulator CySEC and which no EU authority has reviewed.
Until the claim window is announced, there is nothing to do except keep your app login working and watch Extended’s official channels. We update our Extended airdrop listing the moment a date lands.
My Extended Farm
Full disclosure: I farmed this one, but not as hard as I should have. A few million in volume across the program, nothing wild. The eToro-backed, ex-Revolut story was solid from day one, and the Arc migration made it more interesting, not less. I just had bigger positions elsewhere.
So this is a wait-and-see allocation for me. Let’s see if we cook five figures on it or not. If we do, it will be a nice lesson in showing up to a program with real backing even when you are not all in. If we don’t, the lesson is the same one as always: concentration pays, and I spread too thin.
Either way, I will follow my own rules on the way out. The airdrop exit strategy post covers how I handle TGE day, including when selling into a pre-market makes sense.
What to Farm Next
Extended’s points are done. If you want the next trading airdrop, two venues stand out right now.
Hyperliquid. Still the biggest order book in DeFi, still my favourite farm of 2026, and nobody has answered the Season 3 question yet. Volume there earns you a seat for whatever comes next, and the fee discount via our Hyperliquid link makes the grind cheaper. The Hyperliquid review covers the setup.
Variational. VAR is the other confirmed perp DEX token on the way. 32% of supply goes to points holders, fully unlocked at TGE, and the TGE slipped from Q3 to Q4 2026, so Variational still hands out points every week. Zero fees and loss refunds make it a cheap place to build volume. Read the Variational review first, then our Hyperliquid vs Variational compare to decide how to split size between them.
For the wider field, the best DEX airdrops list tracks every live perp DEX program, and the best perp DEX pillar ranks the venues themselves. If you want to farm volume without directional risk, delta neutral airdrop farming is the method I run on most of them.
Keep This Content Free
Most of you will sell at least part of your XTEN on a centralised exchange once it lists. These two links help us keep publishing when you do.
Sign up for OKX rewards or the Bybit bonus through our referral links before you deposit. Every CEX competition, perp DEX points program and trading airdrop we cover lives on one page: the trading airdrops hub.
Final Words
XTEN tokenomics are fair by current standards. A 30% community share fully unlocked at TGE, a 12-month lock on insiders, a fixed supply and a disclosed market-making allocation put Extended ahead of most 2026 launches. The open questions are about timing and execution, not design.
The next thing that matters is the claim window. It arrives with a signing step in the app and a deadline, and deadlines are where farmers lose allocations. We built the airdrop calendar for exactly this. Add Extended, and the TGE, claim open and claim close dates push straight to your Google or Apple calendar the moment Extended announces them.
Sign early, claim early, and decide your exit before the chart tells you what to feel.
FAQ
What are the XTEN tokenomics?
XTEN has a fixed supply of 1 billion. 30% goes to Extended points holders, fully unlocked at TGE. 20% goes to the ecosystem, including a 150 million staking reward pool. 50% goes to founders, team and investors with a 12-month lock.
When is the XTEN TGE?
Extended has pointed to November 2026 but has not announced an exact date. The claim window and the Terms of Service signing window will be announced separately.
How do I claim the Extended airdrop?
Sign the Terms of Service in the official Extended app once the window opens. Tokens go to your linked wallet by default. Sign before TGE to receive XTEN before listing.
Why did Extended’s market-making team get 17.4 million XTEN?
The internal desk earned points under the standard rules while keeping spreads tight from late 2024 to April 2026. The tokens are held by X10 Ltd. Some may support listing liquidity, and the rest goes to the Ecosystem Fund.
Is the Extended airdrop free?
Yes. Eligible points holders pay nothing to receive XTEN. You will need to sign terms in the app and pass compliance review.
Can EU users trade XTEN?
EU points holders can claim, hold, stake and transfer XTEN on-chain. Spot trading on Extended is suspended for EU retail users at listing because of MiCA.
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