Foresight News reports that the Paradex Foundation will launch the token DIME, with 20% of the tokens allocated for a genesis airdrop. This airdrop will span multiple XP seasons, including the first season from February 1, 2024, to January 2, 2025, and the second season from January 3, 2025, to July 31, 2025. The token distribution is planned to occur at the end of the second season.
Additionally, in the tokenomics of DIME: 26.6% is allocated for ongoing community rewards (post-airdrop), 5.0% for liquidity programs, 6.0% for foundation budget, 25.1% for core contributors, 3.8% for future core contributors and advisors, and 13.5% for Paradigm shareholders.
Foresight News notes that Paradex is a decentralized perpetual derivatives Layer2 application chain incubated by Paradigm on Starknet.