Paradex has announced the upcoming Token Generation Event (TGE) for its native token, $DIME. The token will be listed on Paradex's spot market and will function as the native gas token for Paradex Chain. The platform plans to periodically repurchase $DIME based on market conditions. Paradex, an institutional-grade crypto derivatives liquidity network, has reported over $1 trillion in total trading volume. Key metrics include a cumulative trading volume exceeding $250 billion, open interest of approximately $550 million, and a user base of over 75,000. The peak daily trading volume has surpassed $3 billion. Token allocation details reveal that 25.1% of $DIME will go to core contributors, 25.0% to a community airdrop (fully unlocked at launch), 21.6% for ongoing community rewards, and 13.4% to Paradigm shareholders. The remaining tokens are allocated to the foundation, liquidity program, and future contributors.
Paradex Announces $DIME Token Generation Event with Allocation Details
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