CandleFocus

Will Polymarket Launch a Token? Why Some Traders Are Betting on an Airdrop

Author: Content Editor
Speculation is growing that Polymarket, a crypto prediction market platform, will launch its own token and potentially reward users with an airdrop. While the company has yet to announce any plans for a token, traders within the Polymarket community believe a token launch is likely in the coming year. Traders have already begun trying to inflate their trading volume to increase their chances of receiving a larger airdrop reward. Polymarket recently raised $70 million in funding and may be considering a token as a way to fuel growth and expansion. The platform has seen significant success this year, attracting substantial trading volume and becoming an essential source for coverage of the US presidential election. A token launch could help retain users once the election hype fades. However, the size of the airdrop may be limited as the platform looks to raise money rather than give it away.

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