Apyx announced APYX TGE postponement, with Season 2 airdrop allocation increased to 9%

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Apyx announced APYX TGE postponement; Season 2 airdrop allocation increased from 6%to 9%

PANews September 23 news,Apyx announced that the October 13 scheduled for APYX governance token generation event (TGE) will be postponed, with the new TGE date yet to be announced.Apyx stated that, recently,STRC experienced its deepest and longest-lasting drawdown since issuance. Although the protocol's on-chain net asset value (NAV) disclosures, minting, redemption, and other mechanisms are functioning normally, the stress test exposed previously insufficiently considered issues regarding the volatility of digital credit assets, making further enhancements to the core protocol necessary. Meanwhile,Apyx said that several traditional credit-market institutions have recently reached out proactively, seeking to bring assets on-chain through its infrastructure. This has prompted the team to plan to expand Apyx from digital credit into a broader RWA platform.Apyx plans to complete V1 of the platform before TGE and further improve the stability of apxUSD and apyUSD...

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Key points

Apyx announced that the October 13 scheduled for APYX governance token generation event (TGE) has been postponed.
The new TGE date has not yet been announced.
Season 2 airdrop allocation increased from 6% to 9%。
Apyx said STRC recently experienced the deepest and longest-lasting drawdown since its launch.
Apyx said that on-chain net asset value (NAV) disclosures, minting, redemption, and other mechanisms are operating normally.
Apyx plans to complete the platform V1 version before TGE and further improve the stability of apxUSD and apyUSD.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

TGE is a governance token generation event.Apyx stated that stress testing identified previously insufficiently considered issues concerning volatility in digital credit assets, and therefore postponed TGE and enhance the core protocol.

Why it matters to readers

TGE the timing and Season 2 airdrop allocation have changed, and Apyx plans to expand its business from digital credit to a broader RWA platform.

If you are following APYX tokens or airdrops, you need to watch for the new TGE date and changes to airdrop allocations.

Risks and unknowns

The new TGE date has not yet been announced.
The article does not specify the rules for increasing the Season 2 airdrop allocation to 9%.
The article does not state when the platform V1, apxUSD, and apyUSD will be completed.

Apyx announced APYX TGE postponement, with Season 2 airdrop allocation increased to 9%

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