Extended, the perp DEX founded by former Revolut staff, announced its token on 24 October 2026, The Defiant and TokenPost reported. XTEN is due in November; 30% of the supply is reserved for eligible points participants and will be delivered to self-custodial wallets on Arc. Full tokenomics are to follow a MiCA whitepaper expected on 31 October. The announcement ends the uncertainty our points guide flagged earlier this month, when weekly distributions had stopped with 69.2 million of 70 million points issued and nothing announced.
The timing follows the venue's chain move: on 22 October Extended migrated from Starknet to Circle's Arc network, carrying over accounts, positions and points, and is running a 'Final Arc' trading competition until 3 November. On 27 October Hyperliquid listed a pre-launch XTEN hyperp (3× leverage, isolated margin), which gives the market its first price signal before any token exists.
What is still unknown matters more than what is known. The conversion rate from points to XTEN, the claim mechanics, vesting and whether the 30% is split between past and future seasons have not been published, so the value of a point cannot be calculated yet. The hyperp price is a thin pre-launch market, not a valuation. Traders holding points should wait for the 31 October documents before sizing anything on the airdrop, and should expect the usual phishing wave around a claim. See the Extended profile for the current notice.