Extended, Built by a Former Revolut Team, Unveils XTEN Tokenomics: 30% Airdrop Fully Unlocked at TGE, Staking Offers Up to 5x Extra Yield Boost

Author: Extended (@extendedapp)

Compiled by TechFlow

TechFlow Editor's Note:Amid intensifying competition in the decentralized perpetual futures sector, Extended, a perpetual DEX founded by senior core technology and finance veterans from UK digital bank Revolut, has officially released the complete tokenomics of its native token XTEN.

Unlike the common high-inflation, heavy vesting and lockup models in the market, Extended has adopted an aggressive, highly community-friendly economic structure: the total token supply is permanently locked at 1 billion at genesis, eliminating any backdoors for inflation or additional minting; of the initial 300 million token airdrop for community points users, 100% of tokens will be fully unlocked at TGE, with initial free float strictly capped at no more than 30%.

At the token utility level, Extended has designed a six-tier staking league system based on chess ranks, embedding the token deeply into the entire trading matching and liquidity provision process through tiered fee discounts, accelerated vault yield multipliers, and limited-release reserve rewards. Meanwhile, the project has for the first time natively integrated Circle's Cross-Chain Transfer Protocol (CCTP) on the Arc network, enabling zero-wrapped-bridge cross-chain asset burn-and-mint transfers and establishing a token design model for decentralized derivatives infrastructure that combines high liquidity and strong regulatory compliance.

XTEN is the native token of the Extended ecosystem and the core hub of the exchange fee structure, staking program, and Vault rewards. Starting from the Token Generation Event (TGE), staking XTEN earns staking rewards and unlocks exclusive trading fee discounts and vault yield boosts.

Key Core Metrics

Maximum Supply:1,000,000,000 XTEN (fixed total supply of 1 billion tokens).

Community Airdrop Allocation:300,000,000 XTEN (300 million tokens), 100% fully unlocked immediately at TGE.

Total TGE Unlock Ratio:Approximately 32.9% of the total token supply, with free float capped at no more than 30%.

XTEN Staking System:Launched simultaneously from TGE, featuring a league tier ladder starting at 500 XTEN.

Community Airdrop Details

All 300 million XTEN (exactly 30% of the total token supply) are exclusively allocated to eligible participants in the Extended Points Program and will be fully unlocked at TGE. No cost is required to receive this airdrop.

To formally receive XTEN tokens, participants must sign the Terms of Service in the official mobile app. Details of the specific terms and the signing window will be announced separately.

By default, XTEN will be distributed directly to the original wallet address linked to the Extended account. Users may also transfer their entire airdrop allocation to another independent self-custody wallet, provided that the target wallet also has an active Extended account. In this case, both wallets must fully accept the terms and pass the relevant compliance qualification review.

Users who complete signing before TGE launch will receive tokens before XTEN is officially listed on Extended and other trading platforms. Users who sign later will receive tokens in rolling batches after signing. If additional compliance review processes are involved, distribution may be slightly delayed.

After the signing window closes, any unclaimed airdrop token shares will be automatically transferred to the ecosystem fund.

Token Utility

The XTEN staking program will begin simultaneously at TGE. Your staked token balance directly determines your League Tier, which seamlessly applies to all sub-accounts under your name and directly determines your fee discount rate, extra vault yield multiplier, accelerated vault deposit limit, and referral commission multiplier.

Figure: Overview of Extended Staking League Tiers and Exclusive Benefits

Fee Discounts

The system includes two separate XTEN fee discount dimensions:

Staking Discount:Based on the user's League Tier, the discount increases from 5% at the Pawn level to 30% at the King level.

XTEN Payment Discount:When eligible trading fees are settled and paid directly in XTEN tokens, an additional 10% fee discount applies. This feature will not be available immediately at the TGE and is expected to launch in a later operational phase.

The above discounts are multiplied with any applicable referral rebate discounts. For example, a King-level user with a 30% staking discount, a 10% referral discount, and a 10% XTEN payment discount can receive a combined effective fee discount of up to 43.3% on their trading-volume-based fees when all three discounts apply.

Extended's volume-based tiered fee schedule will be officially introduced at the TGE. The complete fee and rebate tier details can be found in the official documentation, and all token discounts apply on top of this fee schedule.

Vault Additional Yield Boost

A user's alliance tier directly determines the acceleration multiplier for the additional yield portion of the Extended vault, ranging from 0.5x at the Soldier tier to 5x at the King tier, subject to the maximum deposit cap for each tier.

Before this, the deposit cap for all points tiers is fixed at $300,000. Starting from the TGE, deposit caps will be strictly tied to users' actual staked amounts, allowing ultra-large stakers to receive yield boosts on deposits of up to $2,000,000.

Staking tiers will officially replace the existing points ranking mechanism after the TGE. Please note that the boost multiplier applies only to the vault's additional yield portion and does not affect the vault's base benchmark yield; base yields remain identical across all tiers.

Staking Rewards Mechanism

Staking XTEN earns rewards continuously from the protocol's limited release reserve. All rewards come from the fixed allocation set at genesis, and no new tokens will ever be minted.

Staked token releases will officially begin at the first Daily Epoch after the TGE and will be distributed to stakers by the Default Prover, which settles all transactions on the Arc chain. Once validator nodes are officially activated, stakers must manually delegate their staked XTEN to their chosen validators to continue earning rewards.

The complete detailed token release schedule will be fully published before the TGE.

Referral Alliance Benefits

Alliance tiers also determine the rebate multiplier for trading fees generated by eligible referrers. This multiplier is designed to amplify existing referral earnings and does not independently create rebates. The Extended referral program will be upgraded at the TGE to integrate the new staking multiplier system; see the official documentation for more details.

Users who want to join the referral rebate program can submit an application through official channels.

Unstaking Mechanism

XTEN in a staked position is non-transferable and non-tradeable during the entire staking period and the 7-day unstaking queue. Tokens in the unstaking queue do not earn staking rewards and are not counted for alliance tier evaluation.

Token Allocation and Unlock Vesting

Chart: XTEN Token Genesis Total Allocation Breakdown

Ecosystem Allocation

The ecosystem segment allocates a total of 200,000,000 XTEN (200 million):

Of this, 150,000,000 XTEN (150 million) is specifically allocated to the release reserve pool, which is the sole funding source for staking rewards across the system.

The remaining 50,000,000 XTEN (50 million) is dedicated to the ecosystem development fund:

Of this, 21,410,714 XTEN is retained under the existing framework and follows the investor lockup vesting schedule;

The remaining 28,589,286 XTEN is currently unallocated and reserved for future growth incentives, strategic partnerships, ecosystem grants, and long-term development.

Founder, Team, and Investor Allocation

The founder, team, and early investor segment allocates a total of 500,000,000 XTEN (500 million, 50% of total supply).

Within this category, no founder, team, or investor token allocation may unlock during the first 12 months after launch.

After the 12-month cliff, founder and team token allocations will vest gradually from month 13 through month 48 via equal monthly linear releases over 36 months.

Chart: XTEN Token Unlock and Vesting Curve Over the Next 48 Months

Regarding the initial unlock on TGE day: the 300 million community airdrop allocation and 28,589,286 unallocated ecosystem fund tokens are available for allocation on TGE day.

Of the 300 million airdrop allocation, 17,384,355 tokens belong to points earned by Extended's internal market-making team. From November 2024 to April 2026, this team was responsible for the exchange's proprietary market making and fairly accumulated points alongside other users in full compliance with platform rules. Once the depth and liquidity of the Extended market reached self-sustaining standards, the market-making operation was fully shut down. These tokens are currently owned by X10 Ltd., and neither the market-making team nor its lenders retain any share. A portion of these tokens is expected to be used to support liquidity market making at XTEN's launch, with the specific mechanism to be disclosed transparently before deployment; the remainder will be donated entirely to the ecosystem fund.

Therefore, the actual public Free Float during the TGE phase will consist solely of up to 300 million XTEN claimed by the community, with the maximum percentage of total supply strictly capped at 30%.

Deflationary Dynamics and Token Buybacks

XTEN's maximum supply is strictly locked at 1,000,000,000 tokens from the genesis stage. The protocol contains no inflation mechanism, no additional minting functions, no governance pathway to raise the total supply cap, and no cross-chain backdoor that could arbitrarily mint tokens on other networks.

The total supply can only decrease in one direction. XTEN tokens paid as trading fees may be directly burned. In addition, affiliated entities under the Extended Group are also entitled to repurchase XTEN on the open market, whether for day-to-day operational needs or for treasury governance and supply management purposes (including direct burning upon approval). Once a formal token buyback program is launched, the specific details will be fully disclosed publicly.

Native Circle CCTP Cross-Chain Protocol Support

The XTEN token will natively integrate Circle's Cross-Chain Transfer Protocol (CCTP) at launch. XTEN is also the first third-party token on the Arc chain to receive native CCTP support.

From TGE onward, XTEN can be transferred natively and seamlessly between the Arc chain and other CCTP-supported blockchain networks, completing the flow by being directly burned on one chain and reminted on the target chain, with no reliance on any third-party cross-chain bridge or wrapped cross-chain token. The aggregate maximum supply of XTEN circulating across all chains will always be strictly kept within 1 billion tokens.

Spot Trading Compliance Notice for the European Economic Area (EEA)

During the initial launch period, the Extended platform will temporarily not open XTEN spot trading pairs to retail users in the European Union (EU).

The EU's Markets in Crypto-Assets Regulation (MiCA) imposes very strict compliance requirements for spot trading of crypto assets. Although MiCA provides a narrow exemption pathway for fully decentralized services, it is difficult for Extended and its industry peers to safely rely on that exemption in practice.

Although different platforms have different tolerances for regulatory risk, our team has chosen a more prudent and restrained compliance path. Our long-term vision is to build a licensed and regulated compliant trading venue in Europe and serve retail and B2B2C markets through Builder Code. Any regulatory penalties arising from providing spot trading in violation of rules in the EEA could jeopardize this ambitious blueprint and harm our existing and potential partnerships with crypto-native institutions and traditional financial institutions.

However, points holders in Europe can still claim, hold, stake, and transfer XTEN on-chain as normal. XTEN will also be listed on several licensed external trading platforms for public circulation.

Upcoming Roadmap

This article focuses on XTEN's token supply, allocation model, and core utility enablement. The following key items will be disclosed separately later:

Exact TGE Date and Airdrop Claiming Window

Validator Node Activation Details and Logic

Staked Token Release Schedule

Upgraded Referral Commission Affiliate Program

Token Buyback Program Launch Details

For more technical details, please refer directly to Extended's official developer documentation.

Regulatory Compliance and Whitepaper Update Notes

The offeror of the XTEN token is Extended Ecosystem Limited, and the official contact email is legal@extended.exchange.

The XTEN crypto-asset white paper and issuer details are publicly available in the official documentation.

The XTEN white paper was previously formally notified to the Cyprus Securities and Exchange Commission (CySEC) and is valid across Cyprus and 26 other EU member states. Since the white paper was filed, certain mechanisms have been refined and updated, and these changes will be reflected in the revised white paper. The main adjustments include:

Team Vesting Optimization:The original white paper applied the same 12-month, 25% investor unlock schedule to the team. The founders and team have now proactively chosen to transition to monthly linear vesting after the one-year lockup period, completely eliminating the large concentrated unlock at month 12;

Token Release Mechanism:The original white paper stipulated that no release rewards would be distributed before validator activation. Under the optimized mechanism, token releases will begin immediately at the TGE stage, allocated by the default proof nodes responsible for Arc transaction settlement;

Timeline Milestones:The original white paper set the first transfer date as November 2, 2026. The revised specific TGE date and distribution schedule will be announced separately;

Treasury Yield Boost:The original white paper did not cover the treasury yield multiplier linked to staking volume; this section will be formally completed in the new version.

This crypto-asset marketing material has not been reviewed or approved by any competent authority in any EU member state. The crypto-asset offeror assumes full legal responsibility for the content of this material. This announcement is not directed at residents of the United States, the United Kingdom, or other restricted jurisdictions.

Source: TechFlow