Investor brief
Extended (XTEN) is a perpetuals exchange where people trade crypto and other markets with leverage. Its four-week Final Arc trading competition, which began October 6, ends November 2, 2026, ahead of a reported XTEN airdrop and token launch in November. Market makers with elevated API limits cannot take part.
Participation & mechanics
- Traders opt in on the competition page; trading activity from 00:00 UTC on October 6 counts.
- All crypto and RWA markets are eligible, and the prize pool is 750,000 Xpoints plus 250,000 USDC.
- Accounts with elevated API limits (market makers) are excluded, so all Xpoints go to traders.
- The Final Arc is subject to Competition Terms and eligibility requirements, and Extended may modify, suspend or cancel it.
- This is the final Xpoints distribution, with total Xpoints capped at 70 million.
- Trading involves leverage and significant risk, including possible total loss.
Why it matters
Eligible traders who opted in can still earn from the 750,000 Xpoints and 250,000 USDC pool through November 2, but market makers are excluded and the organiser may modify, suspend or cancel the competition. Because this is the final Xpoints distribution and the total is capped at 70 million, no further Xpoints rounds are planned under this programme; the reported November airdrop and token launch are not confirmed timing.
Event Details
New staking, farming, or rewards campaign with defined user actions.
Signal Score
Research attractiveness of this token and event. It is not a price forecast or buy recommendation.
85% score coverage. Coverage is the weight of assessed factors, not confidence or a probability of returns.
Rated factors contribute 50.0 / 100, rounded to 50 / 100. Unrated factors are excluded, not scored as zero. Factor contributions appear below.
Signal Breakdown
5.9 points toward the total (10% weight).
10% weight. Working product, delivery and demonstrated usage.
Extended operates a live perpetuals exchange across 300+ markets, but the supplied evidence does not demonstrate competition participation volumes or adoption depth.
Not assessed; excluded from the calculation.
15% weight. Holder value capture, valuation, dilution and supply structure.
41.2 points toward the total (70% weight).
70% weight. The incremental benefit created by this occurrence.
Eligible traders can earn from a 750,000 Xpoints plus 250,000 USDC pool, but the benefit is limited to opted-in non-market-maker traders and the organiser may cancel or modify the competition.
2.9 points toward the total (5% weight).
5% weight. Execution, security, liquidity, access, lockup and effort. Higher is more favourable.
Participation requires opting in and leveraged trading carries possible total loss, while the competition can be modified, suspended or cancelled.