StandX to shut down after deciding against token launch, will airdrop DUSD to 237,000 users

StandX said it will gradually cease operations after a strategic review, and will not launch a token. A one-time DUSD airdrop, with no lockup, goes to users based on Pre-deposit, Alpha, Mainnet trading, market making and referrals, with anti-Sybil screening. The checker opens October 26, claims run November 1 to December 31, and unclaimed amounts are forfeited. Trading continues until October 20, when markets become Reduce-Only. All positions close January 15, 2027, and DUSD redemption and withdrawals close January 31, 2027.

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