StandX Co-founder: In addition to airdrops, he will use personal funds to give back to the community.

StandX co-founder AG announced in a post that the protocol has decided to scrap its planned Token Generation Event (TGE). He noted that despite hitting a peak Total Value Locked (TVL) of $200 million without external VC funding, the team ultimately failed to achieve its goal of becoming one of the top three perpetual contract decentralized exchanges (DEXs).

AG added that while the project’s current fundamentals would still support a token launch, relying primarily on short-term speculation to d

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