Apyx delays Oct. 13 APYX governance token TGE, new date pending

  • Apyx postponed the APYX governance token generation event.
  • Season 2’s airdrop allocation rose from 6% to 9%.
  • October 13 was the scheduled date; a replacement date remains undisclosed.

Apyx has postponed the APYX governance token generation event (TGE), originally scheduled for Oct. 13, without confirming a replacement date. The delay follows a significant drawdown in STRC that exposed unanticipated volatility issues in digital credit assets. Apyx said its on-chain net asset value (NAV) disclosures and minting operations continued normally, while the team works on further protocol improvements. Interest from traditional credit institutions has also encouraged Apyx to broaden its focus from digital credit to a wider real-world asset (RWA) platform. The project aims to complete its V1 platform and improve the stability of apxUSD and apyUSD before setting a new TGE schedule. Season 2's airdrop allocation has increased from 6% to 9%; points accumulation will continue under existing rules until a new end date is announced. Token allocations for both seasons remain fully unlocked at launch.

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