edgeX Prepares for $EDGE Token Launch Amid Transparency Issues

Summary:
The decentralized perpetual exchange edgeX is set to launch its native token $EDGE tonight with a token generation event (TGE) featuring a 25% airdrop. However, the closure of comments on TGE-related announcements has raised transparency concerns within the community.

Key Takeaways

edgeX's $EDGE token launch is scheduled for tonight, March 31, 2026, at 20:30 Beijing time.
25% of the total supply is allocated for community airdrops and will be unlocked immediately.
Community backlash has emerged over transparency issues due to closed comments on social media.
The token has a total supply of 1 billion units and aims to serve as a trading incentive, targeting true traders rather than yield farmers.
Pre-market trading of EDGEUSDT is available on Binance Futures, allowing speculation on the token's price ahead of the TGE.

edgeX $EDGE token launch with airdrop concerns

Introduction to edgeX and the $EDGE Token

The decentralized perpetual exchange edgeX is gearing up to launch its native token, $EDGE, during a highly anticipated token generation event (TGE) tonight, March 31, 2026, at 20:30 Beijing time. This launch follows delays aimed at ensuring stability and avoiding further schedule changes. The TGE will coincide with the initial exchange listings, and various platforms, including Phemex, are viewing this event as a major milestone for the derivatives-centric protocol.

However, the lead-up to the launch hasn't been without controversy. Members of the community have voiced their concerns after the edgeX team closed comments on its TGE countdown post on the social platform X without prior notice. This action has fueled worries over transparency regarding the airdrop and the distribution process.

Liquidity and Trading Volume Ahead of Launch

Positioning itself as a “real trading + revenue-driven” perpetual DEX—contrasting itself with zero-fee yield farms—edgeX has drawn significant liquidity and trading volume in advance of its launch. According to a December update from MEXC, co-founder KF.edge informed community members that edgeX had achieved an impressive 24-hour trading volume of approximately $2.28 billion and holds $775 million in open interest, placing it in competition with established rivals like Hyperliquid and Aster.

A report from DL News in July 2025 noted a dramatic increase in deposits to edgeX, which surpassed $100 million—an astounding 1,000% growth since the beginning of the month. Moreover, peak monthly perpetual volume reached around $13 billion, highlighting significant expectations surrounding the upcoming airdrop.

Details of the $EDGE Token Allocation

The $EDGE token will have a total fixed supply of 1 billion tokens, with 25% allocated for community airdrops that will be fully unlocked at the TGE’s start. This distribution strategy echoes those employed by earlier competitors like Hyperliquid, generating excitement among points farmers and NFT holders. MEXC explained that “25% of EDGE tokens will be distributed at TGE to points and NFT holders; points capped at 7,310,000,” with additional pre-TGE trading rewards to be released separately from the initial allocation.

The edgeX team has framed this allocation strategy as a way to “reward real traders,” emphasizing in a Binance pre-market post that $EDGE focuses on improving user experience while still leveraging non-custodial infrastructure.

Community Concerns and Trading Opportunities

Despite extensive marketing for the airdrop, the decision to disable comments on TGE-related announcements has raised concerns among users regarding potential undisclosed allocation changes or investor terms. Many were disheartened by recent promotional posts urging engagement without the ability to inquire about critical details like vesting periods and market-making conditions.

In light of the upcoming launch, Binance Futures has already initiated pre-market trading for EDGEUSDT, offering leverage up to 5x to allow traders to speculate on the future price of $EDGE ahead of the TGE. Binance has stated that pre-market contracts will be gradually transitioned into standard perpetual futures contracts once the token is officially listed on exchanges.

For further insights into the growth of derivatives-focused DeFi, readers can refer to crypto.news's coverage on zero-knowledge proof investments, the influence of cryptocurrency ETFs on leverage and volatility in the perpetual markets, as well as emerging projects in VR and gaming that utilize on-chain derivatives to create unique incentive structures. If you include $EDGE's market information later on, remember to link it to its dedicated price page in the crypto.news market-cap section.