Paradex $DIME TGE is about to launch, and the token distribution has been announced

Paradex has officially announced that the native token $DIME Token Generation Event (TGE) is about to begin.

Core data since launch:

• Cumulative trading volume exceeds $250 billion
• Open interest approximately $550 million
• Over 75,000 users
• Daily trading volume peak exceeds $3 billion
• $DIME will be listed on the Paradex spot market and will serve as the native Gas token for Paradex Chain, with the platform considering buybacks based on market conditions.

According to Messari, the token distribution is as follows:

• 25.1%: Core contributors
• 25.0%: Community airdrop (fully unlocked upon launch)
• 21.6%: Ongoing community rewards
• 13.4%: Paradigm shareholders
• Remainder: Foundation, liquidity programs, and future contributors

It is reported that 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 contract exchange, utilizing an off-chain central limit order book + zk-STARK secure Layer2 settlement model.