Polymarkets CMO Reveals Token Launch and Airdrop Plans Amidst US Market Return Translation: Polymarkets CMO Reveals Token Launch and Airdrop Plans Amidst US Market Return

The prediction platform Polymarket is set to launch its coin under the ticker POLY and will conduct an airdrop following its full rollout in the United States. This was announced by Matthew Modabber, the head of the project’s marketing department, during the Degenz Live podcast.

«We will have the token and the airdrop. We could release it anytime, but we want to approach this responsibly. Our goal is to create a coin with real utility and long-term potential; one that will exist indefinitely. That’s what we aim for, and I believe that’s also what the community expects from us,» he stated.

Previously, Polymarket’s founder, Shane Coplan, hinted at the potential release of the asset.

Modabber emphasized that the platform’s current focus is on launching the app in the U.S. The project announced its return to the United States in July after the resolution of regulatory disputes.

«Why rush the token release when we need to prioritize the American app? After we establish our operations in the U.S., we’ll shift our focus to the coin, ensuring everything is done properly,» the Polymarket marketing chief added.

Speculation among users has already begun regarding the distribution mechanism for POLY. Some suggest that the airdrop amount may be linked to trading volumes on the platform, but no official information has been provided yet.

In anticipation of the token distribution, unscrupulous drop hunters have become active, according to Decrypt. They have refined their methods to make it more challenging for the platform to identify and exclude them from the list of POLY recipients.

During the peak excitement surrounding prediction markets during the U.S. presidential elections, users frequently engaged in wash trading—artificially inflating trading volumes through large transactions between their own accounts. A Polymarket user known as Fhantom Bets noted that this was easy to track at the time:

«Earlier, it was quite obvious. They made significant purchases of $50,000 from themselves. On the sports markets, where I act as a market maker, we no longer see such behavior.»

Currently, scammers are utilizing networks of over 100 wallets and disguising artificial transactions as regular activity, focusing on niche sectors.

A trader under the nickname Shady admitted to participating in farming but without fake transactions. He believes that four criteria will be considered during the airdrop distribution:

«I think the distribution will be tiered or based on a logarithmic curve, as the majority of trading volume and liquidity comes from a small percentage of users. Some users and bots trade eight-figure amounts monthly. A linear distribution based on volume would lead to significant skewing,» he shared.

It’s worth noting that Polymarket’s valuation could reach $15 billion by the end of the upcoming funding round.