Skip to main content
Back to news
Technology

Extended Plans November Launch of XTEN Token With 30% Allocated to Points Users

(2 hours ago) · 1 source · Summarized by CryptoBipto

A project called Extended has announced plans to launch its XTEN token in November, with 30% of the token supply allocated to users who earned points through the platform. The announcement outlines the distribution structure for the upcoming token launch.

WHY IT MATTERS

In crypto, many new projects reward early users through "points programs." Think of it like a loyalty card at a coffee shop — you earn points by using the platform, and those points can later be exchanged for something of value, in this case, tokens. A token launch, sometimes called a Token Generation Event (TGE), is when a project creates and distributes its cryptocurrency for the first time. The allocation percentage — here 30% — tells you how much of the total token supply is set aside for a particular group. Understanding how tokens are distributed helps beginners evaluate who holds what share of a new cryptocurrency.

Extended, a crypto project, has revealed its plans to launch a token called XTEN in November. According to the announcement, 30% of the token supply will be reserved for users who participated in the platform's points program, a common mechanism in crypto where early users earn points that can later be converted into tokens.

Read the full analysis with a CryptoBipto membership

Members can read the full analysis of every story, not just the headline.

Get started

SOURCES

  • thedefiant.io

RELATED

XTENToken LaunchAirdropPoints ProgramsToken Distribution