Rax testnet + $RAX airdrop teased
Rax Protocol launched a testnet and teased a potential $RAX airdrop, inviting users to claim tokens, stake, and complete missions tied to an AI‑powered DeFi risk intelligence layer. The testnet opens early access to the protocol’s risk tooling ahead of any token distribution. (x.com)
MEXC announced a listing of RAX in its Innovation Zone and is running a RAX Protocol Airdrop+ event that allocates 600,000 RAX as part of listing promotions, with RAX/USDT trading opened on Mar 26, 2026 at 09:00 UTC and withdrawals enabled Mar 27, 2026 at 09:00 UTC. (mexc.com) The RAX codebase and docs show an ERC‑4626 vault already deployed on Base Sepolia with a full deposit/withdraw lifecycle and the testnet access currently gated by a whitelist rather than open mainnet traffic. (docs.raxprotocol.xyz) Multiple launchpads ran IDO events for RAX in late March 2026 — Fount, Spores and Eesee — with an indicative IDO price of $0.05 cited by launchpad listings and third‑party trackers and an initial market cap published around $750,000 on project aggregators. (launchpad.spores.app) The published roadmap lists a planned staking mechanism for $RAX with multiple lock durations, a governance framework with DAO standing committees (Listings, Risk, Oracle/Compliance, Treasury), and explicit plans for multi‑chain support (Ethereum mainnet and Arbitrum) and fee routing to stakers. (docs.raxprotocol.xyz) Project pages and the testnet app flag that the deployment is still in pre‑mainnet stages, note an audit is in progress, and explicitly warn that testnet tokens are for testing only and users should not deposit real assets. (app.raxprotocol.xyz)
