What immediately stood out to me about AFX is something you don't often see in crypto, zero VC funding. No private rounds, no investor allocations competing against community rewards at TGE. The team skipped all of that deliberately, and it shows in how the token is structured. Roughly 65% of the total AFX supply is reserved for the community through a live points program, and Season 1 closes on July 20, 2026.
That deadline is nine days away. Here's what you need to know right now.
What Is AFX?
AFX is a sovereign Layer 1 blockchain built from the ground up for decentralised perpetuals trading. Rather than deploying a perp exchange on top of an existing chain, the team built their own execution layer with sub‑100ms finality, zero gas fees, and a fully on‑chain central limit order book. The trading experience is noticeably closer to a centralised exchange, while settlement stays verifiable on‑chain.
It runs on Arbitrum for deposit access, but the exchange itself operates on its own infrastructure. The platform went live on mainnet on May 25, 2026, and has been distributing points weekly since then.
The Points Program Structure
AFX runs a multi‑season Mainnet Points Program across three consecutive seasons. Points never reset or expire between seasons, everything you earn carries forward. Each season has its own weekly pool, and distributions settle every Monday at 00:00 UTC automatically.
Season 1 runs eight weeks from May 25 through July 20, 2026. The Genesis airdrop, representing 27% of total supply, unlocks 100% at TGE with no vesting. No TGE date has been confirmed yet, but it would follow after all three seasons conclude.
Three Ways to Earn Points Simultaneously
This is the part that makes AFX genuinely interesting to farm. Points come from three completely separate sources that all accrue at the same time.
Trading is the primary source. The scoring model doesn't just reward raw volume, it weights execution quality, held open interest, and activity across multiple markets. Trading BTC, gold, and an equity perp in the same week scores better than hammering a single pair for the same dollar amount. Positions kept open contribute ongoing open interest points beyond what closing trades generate.
LP Vault deposits are the second source. Head to the vaults section and deposit USDC into the ALP vault. It currently earns around 13.67% APY in real yield on top of time‑weighted points. Capital left in longer earns proportionally more, so this rewards patience over active management.
Guild membership is the third source. Join a Guild through an invite link found in the AFX Discord, and your personal trading volume contributes to the Guild's collective score. That unlocks shared team rewards on top of your individual allocation. Captains recruit members, and active Guilds outperform inactive ones significantly by season end.
Getting Started
Visit afx.xyz, connect your wallet, and complete the basic onboarding. Deposit USDC via Arbitrum through the in‑app deposit flow, pick up USDC on Binance if you don't have it ready. Once funded, open your first position from the Trade page using market or limit orders with up to 100x leverage.
Keep leverage conservative if you're primarily here to farm rather than speculate. Liquidations wipe your position and that capital is gone. Staying in the market week after week consistently beats one large leveraged trade that doesn't go your way.
Weekly Consistency Beats Volume Bursts
Each of Season 1's eight weekly pools settles independently. Missing a week means missing that week's share of the pool entirely, there's no way to recover it retroactively. Farming all eight weeks of consistent activity outperforms doubling up in a single week. Whatever capital you have, spread the activity out rather than concentrating it.
The Affiliate Program Pays Real Fees
If you have an audience in crypto, AFX's affiliate program pays up to 35% of fees generated by referred traders as commission. This runs separately from the points program and pays in real value regardless of when TGE happens.
My Take
AFX is rare. No VC unlock pressure, 65% to the community, weekly distributions, and three compounding point sources running simultaneously. Season 1 closes July 20. If you're not in yet, the window to collect these early weeks is almost gone, start now, run all three sources, and carry those points into Season 2 without losing any progress.
