Defx

The timeline

CoinLaunch lists a points farming campaign running from 17 June 2025 to 17 March 2026, noting that a retrodrop was possible but that the reward distribution was still to be announced. As of its last update in autumn 2025, the project had not disclosed a native token.

What we could not find

A roundup of perpetual-exchange airdrop candidates published in 2026 names Paradex, Extended and Pacifica as running live points programmes, and does not name Defx. That is an unofficial source, but it is consistent with the window having closed. We found no official post saying whether points convert to anything, so the outcome is unknown.

Why points are not promises

A points window is a marketing tool. It tells a team who is active, but it does not bind the team to issue a token, to reward points evenly, or to reward them at all. Anyone who traded heavily to build points should treat them as worth zero until the team states otherwise.

For readers weighing similar offers, a useful test is whether the exchange itself had real activity. Perpetual exchanges that run long points windows often show volume that is mostly farmers trading against each other, which says little about whether the product has genuine demand. Without a published token plan, an exchange may also choose never to issue one, and its points then become a record of past activity.

The nine-month length of this window means that many users spent significant fees to earn a reward that has never been described.