Polymarket CMO Confirms POLY Token and Airdrop Plans and Prioritizes US App Launches

Polymarket, a cryptocurrency-based prediction market platform, hints at key developments for what might be the most important part but.

With speak of a brand new token, an upcoming airdrop, and an app on the way in which, pleasure is constructing amongst buyers and customers.

Polymarket Confirms POLY Token and Airdrop Plans

Polymarket CMO, Matthew Modabber, has revealed that the corporate plans to launch a local POLY token along with an airdrop.

Modabber confirmed the plans throughout an look on the Degenz Live podcast, which states: “There will likely be a token and there will likely be an airdrop.” He defined that the staff has been deliberate in regards to the timing of the launch, noting that whereas they might have launched a token sooner, their focus is on guaranteeing it offers actual utility and worth over the long run.

“”We might have launched a token each time we wished, and it simply will depend on how thorough we wish to be about it. We wish it to be an indication with actual utility, longevity and to final endlessly. That is what we count on of ourselves, and I believe everybody within the room expects of us.” he stated.

This exhibits the staff’s dedication to making a sustainable token with actual long-term worth somewhat than speeding its launch.

Polymarket Prioritizes US App Earlier than Token Launch

Nevertheless, Polymarket’s present precedence is launching the US app.

“Why rush right into a token when we have to prioritize the US app?” he stated. Nevertheless, he famous that after the app is launched, the staff will shift focus to the token in order that it goes reside easily and runs correctly. He additionally stated that Polymarket is without doubt one of the most mainstream crypto tasks on the market.

In keeping with rumors, Polymarket’s anticipated airdrop will be allotted based mostly on customers’ buying and selling volumes. Which means essentially the most energetic merchants might obtain the most important share, highlighting the potential rewards of being energetic on the platform early.

Polymarket Eyes main funding spherical

Polymarket can be reportedly in early talks to lift funds at a valuation of $12 to $15 billion.

This comes because the trading activity on Polymarket and Kalshi reached document highs, surpassing the earlier peak throughout final yr’s US presidential election.

This exhibits buyers’ rising curiosity in platforms that enable customers to guess on real-world occasions.

Polymarket is coming into an essential part, with progress in buying and selling, financing and platform growth. The upcoming token and airdrop might mark the subsequent step in person enlargement and engagement.

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