StandX Launches Mainnet, Initiates DUSD Transfers to Perp Wallets

StandX’s mainnet debut enables automatic DUSD transfers to Perp wallets, allowing users to earn points without trading, with withdrawals starting November 27 to boost asset utility.

Summary

StandX launched its mainnet today at 4 PM Beijing time, initiating automatic transfers of locked DUSD to users’ Perp wallets. This setup allows users to accumulate points without engaging in trades. Withdrawals for these assets will be available from November 27, enhancing both trading functionality and overall asset utilization within the ecosystem.

Terms & Concepts
  • Mainnet: The live version of a blockchain network where actual transactions occur with real assets.
  • DUSD: A digital stablecoin pegged to the U.S. dollar used within the StandX ecosystem.
  • Perp Wallet: A cryptocurrency wallet designed for perpetual futures trading and related transactions.