AFX, a perpetuals exchange on its own layer 1, closed Season 1 of its points program on July 20, 2026. Points redeem for AFX tokens at a token generation event (TGE), the day a token first trades, but no TGE date and no Season 2 dates have been published. Unlike most airdrops on this board, entering costs real capital.
Correction, October 7, 2026 The earlier version of this page named afx.com as the official site. In our check that domain presented a different business, a MetaTrader trading service, not the exchange. AFX's own site is afx.xyz, and this page now links there. We also removed a token supply breakdown that we could not re-verify and that did not add up to the community share.
Where it stands
AFX is built on its own layer 1, not on an existing network. Its site claims sub-100ms finality, up to 100x leverage and USDC-margined settlement on-chain. That is the design Hyperliquid popularized, and AFX competes with it and with Lighter, whose genesis airdrop has ended. We track the Hyperliquid question on our season 2 page.
Season 1 opened on May 25, 2026 and closed on July 20, an eight-week window with a pool of 3.8 million points. About 2.89 million went to trading and the ALP liquidity vault combined, and about 0.91 million to the Guild league, the community layer. Each weekly cycle runs from Monday 00:00 UTC through the next Sunday, and points are calculated and released the following week. That lets participants watch their share build instead of guessing at a black box.
Points never reset or expire between seasons. AFX plans three seasons and a fixed pool of 10 million points in total, all merged and redeemed at a unified rate at the TGE. The docs say that rate will be announced before the TGE.
Separately from points, AFX runs a VIP program that returns a share of platform fee revenue to high-volume traders in USDC rather than tokens, Crypto Briefing reported on June 25. It is a fee rebate, not an airdrop.
Scored on execution, holding and market diversity.
Liquidity depth, shared 2.89M pool with trading.
0.91M point community pool.
All seasons merge into AFX tokens. No date.
The cost of taking part
Most airdrops on this board are free because the eligible behavior costs nothing beyond time. AFX is not one of them. Participation starts with a USDC deposit, and all three channels put capital to work. Leveraged trading can lose the deposit outright. The ALP vault carries the counterparty and drawdown risks of any LP vault, and the Guild track assumes an account with real money in it.
Trading points are scored on execution quality, position holding and market diversity rather than raw volume. That is the usual anti-wash framing, and manufactured flow is the first thing such formulas discount. The rule from our farming guide applies with extra force on a derivatives venue. If you were not going to trade perps this month, a points meter with no published token value is not a reason to start.
Risks and open questions
Season 1 closed on schedule. The docs, checked on October 12, list no Season 2 dates or pool size and say each season's pool is announced when it starts. AFX said in July that Season 2 will include an AI agent trading competition. The docs list no TGE date either, so the program sits between seasons with points banked and nothing new to earn.
The token numbers are thin. The AFX site says about 65 percent of supply goes to the community and that there are no VCs. We found no full tokenomics document, so every allocation figure stays provisional. Any page selling early AFX or claiming the TGE is live is a scam.
What to watch:
- Season 2 dates and pool size.
- The points-to-token rate, due before the TGE.
- A TGE date or full tokenomics document.
How to position yourself
- Take part only if you already trade perps. Connect a wallet at afx.xyz, deposit USDC you can afford to lose, and let points accrue from trading you would do anyway.
- Know the three channels: trading (scored on execution, position holding and market diversity, not raw volume), the ALP liquidity vault, and the Guild community league. Points settle weekly on Mondays at 00:00 UTC.
- Do not wash-trade for points. AFX says trading is judged beyond volume alone, which is the usual framing before a team filters manufactured flow.
- Ignore any page selling early AFX allocations or claiming the TGE is live. The team has published no token date, so no legitimate claim exists.
Reality check None of these steps guarantee an allocation. Teams change criteria late, add anti-sybil filters, and sometimes never ship a token. Only spend time and gas you are fine writing off.
