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Apyx Announces APYX TGE Postponement, Season 2 Airdrop Allocation Increased from 6% to 9%

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Apyx Announces APYX TGE Postponement, Season 2 Airdrop Allocation Increased from 6% to 9%

PANews, September 23 — Apyx announced that the APYX governance token generation event (TGE), originally scheduled for October 13, will be postponed, with no new TGE date announced yet. Apyx stated that STRC recently experienced its deepest and longest-lasting drawdown since issuance. Although the protocol's on-chain net asset value (NAV) disclosure, minting and redemption mechanisms all operated normally, the stress test exposed issues regarding the volatility of digital credit assets that had not been fully considered before, so the core protocol needs further refinement.

Meanwhile, Apyx said that several traditional credit market institutions have recently reached out proactively, hoping to bring assets on-chain through its infrastructure, prompting the team to plan expanding Apyx from digital credit into a broader RWA platform. Apyx plans to complete the V1 version of this platform before the TGE, and further improve the stability, yield and use cases of apxUSD and apyUSD.

As Season 2 will be extended, Apyx announced that its airdrop allocation ratio will be increased from the originally planned 6% to 9%. Season 2 will continue to accumulate points under the existing rules, and the new end date will be announced together with the new TGE date. Apyx also stated that the token allocations for Season 1 and Season 2 will still be fully unlocked at the TGE, and this arrangement remains unchanged.



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