Polymarket Announces POLY Token Launch and Airdrop Plans Following U.S. Rollout Translation: Polymarket Announces POLY Token Launch and Airdrop Plans Following U.S. Rollout

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

«The token will be released, and so will the distribution. We could issue it at any time, but we want to approach it as responsibly as possible. Our goal is to create a coin that has real utility and long-term potential—one that will exist indefinitely. This is our mission, and I believe this is what the community expects from us,» he stated.

Earlier, the potential release of the asset was hinted at by Polymarket founder Shane Coplan.

Modabber emphasized that the current focus of the platform is the release of the application in the U.S. The project announced its return to the United States in July after resolving regulatory inquiries.

«Why rush the token release when we need to prioritize the American application? Once we establish our operations in the U.S., we will shift our focus to the coin to ensure it’s executed with quality,» added the head of marketing for Polymarket.

Speculation among users regarding the distribution mechanism of POLY has already begun. Some suggest that the total amount of the airdrop may depend on trading volumes on the platform, but no official details have been released yet.

In anticipation of the token distribution, deceitful drop hunters have become more active, as reported by Decrypt. They have improved their tactics to make it harder for the platform to identify and exclude them from the POLY recipient list.

During the peak excitement surrounding prediction markets during the U.S. presidential elections, users engaged in sham trading—artificially inflating volumes through significant trades between their own accounts. A Polymarket user known as Fhantom Bets remarked that it was easy to track at that time:

«It was obvious back then. They would make large purchases of $50,000 from themselves. You don’t see that anymore in the sports markets where I act as a market maker.»

Now, fraudsters employ networks of over 100 wallets and disguise artificial trades as regular activity, focusing on niche areas.

A trader using the alias Shady admitted to participating in farming, but without engaging in false trades. He believes that four criteria will be considered when distributing the airdrop:

«I think the distribution will be tiered or based on a logarithmic curve since the bulk of the volume and liquidity is generated by a small percentage of users. Some individuals and bots trade in eight-digit figures monthly. A linear volume-based distribution would lead to significant skew,» he shared.

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