Prediction market platform Polymarket has confirmed the launch of its native token, POLY, and accompanying airdrop plans amid rapidly growing investor interest and a surge in trading volume.
The company's Chief Marketing Officer (CMO), Matthew Modabber, officially announced the plans on the Degenz Live podcast, saying, “There will be a token, there will be an airdrop.” Modabber continued, “We could issue a token at any time, but we want to do it in a way that has real long-term benefits. Our goal is to create a lasting, meaningful ecosystem.”
Modabber stated that the company's current priority is the relaunch of its US app. Polymarket ceased operations in the US in 2022 due to regulatory uncertainty, but Coplan announced in September that it had received the “green light” to relaunch the platform.
“If we have to prioritize the US launch, there is no point in rushing for the token,” Modabber said, adding that they will focus on completing the token and airdrop plans after the US launch.
Modabber's statements have fueled speculation about the distribution method for the POLY token. According to rumors circulating within the community, the airdrop is expected to be based on trading volume. In this case, the platform's most active users are likely to receive the largest share.
*This is not investment advice.
