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edgeX responds to a 14% EDGE airdrop accusation; the tokens have already been transferred to a 1-year locked wallet

2026-04-01 02:41:58

EDGE-0.67%

Gate News, April 1, the decentralized derivatives trading platform edgeX released a statement responding to recent community concerns regarding the 14% total supply EDGE token airdrop (141,658,500 tokens). This portion of the tokens has been transferred into a locked wallet and will be locked for 1 year through a VestingWallet contract audited based on OpenZeppelin. edgeX said these 14% tokens were allocated according to the points program rules to liquidity providers (LPs) and partners who provided substantial liquidity early and supported the platform’s growth. Their higher points come from having contributed a larger liquidity size, and they are subject to the same allocation standards as ordinary users. To demonstrate their willingness to provide long-term support, these addresses have agreed to implement a 1-year lockup. Previously, after the EDGE TGE and the points-based airdrop were completed, on-chain data showed that about 14% of the supply flowed to a small number of large wallets, prompting community questions about allocation fairness.

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