Neutral Trade Ties TermMax Vault TMX Airdrop to $60 Million FDV
Neutral Trade plans to sell the tokens through KuCoin and allocate proceeds to depositors based on their Sept. 25, 2025, positions.

Neutral Trade plans to sell TMX tokens assigned to its TermMax private credit vault through KuCoin. The allocation is calculated using a $60 million fully diluted valuation (FDV), with sale proceeds distributed to depositors in proportion to their positions in a Sept. 25, 2025, snapshot.
Neutral Trade is a Solana ecosystem platform for sharing quantitative strategies. The distribution plan follows a delay in the TermMax token launch and renegotiated yield terms for the vault.
Distribution is scheduled to begin this week. The timetable sets a 50% release one month after launch, followed by four weekly installments of 12.5% each. Together, those releases account for the full allocation.