StandX Cancels Token Launch, Distributes DUSD Airdrop and Begins Wind-Down

StandX, the decentralized perpetual futures exchange founded by ex-Binance Futures head Aaron Gong, will forgo its planned native token after a strategic review. Eligible users will receive a one-time DUSD airdrop with no lockup, while trading shifts to reduce-only mode and full operations wind down by early 2027