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AFX is a sovereign Layer 1 blockchain built specifically for decentralized perpetuals trading. Instead of deploying a perp DEX on an existing chain, the team built its own execution layer with sub-100ms finality, zero gas fees, and a fully on-chain central limit order book. The result feels closer to a centralized exchange than a typical DeFi protocol, while matching and settlement stay verifiable on-chain.
AFX raised no VC or private funding. The team skipped investor rounds entirely in favor of a community-first launch, which has direct consequences for how the future token gets distributed.
The team has confirmed is a Mainnet Points Program (live since May 25, 2026) where accumulated points convert to AFX tokens at TGE, with roughly 65% of the total token supply reserved for the community.
Key Parameters:
The program runs across three consecutive seasons, each with its own points pool, and points never reset or expire between seasons. Season 1 started May 25, 2026 and runs eight weeks through July 20, 2026. Points come from three sources: trading (scored on volume, open interest, and market diversity rather than raw volume alone), time-weighted LP Vault deposits, and Guild activity. Distributions happen every Monday at 00:00 UTC.
Visit AFX and connect your wallet or sign up. Complete the basic onboarding so you can deposit and trade.
Deposit USDC via Arbitrum through the deposit option in the app. If you need to buy USDC first, you can get them on Binance and withdraw to your wallet.
Open positions on the AFX trade page using market or limit orders with up to 100x leverage. Trading is the main points source, and the scoring model rewards execution quality, held open interest, and activity across multiple markets. Spreading trades across a few markets, such as BTC, gold, and an equity perp, counts for more than grinding volume on a single pair.
Go to the vaults section and deposit into the ALP vault. Deposits earn real yield (currently around 13.67% APY) plus points that are time-weighted, so capital left in longer earns more. Trading and LP points accrue separately, and you can do both at once.
Find a Captain invite link in the AFX Discord and join a Guild. Your trading volume counts toward your Guild’s total, which adds shared team rewards on top of your individual points.
Check the AFX points page every week. Estimates are shown ahead of time and points are auto-credited each Monday, so this is mostly about verifying your activity is being counted.