As the crypto prediction platform Polymarket surges in popularity, speculation is growing that the platform might launch its own token. Users are excited about the potential rewards, with some already making moves to position themselves for a potential airdrop.
Traders Bet on Airdrop Amid Market Growth
Polymarket’s growth has sparked rumors of a possible token launch, particularly after its impressive trading volume surge during the 2024 U.S. presidential election cycle. In August alone, Polymarket recorded $450 million in trading volume, and some users are betting on the possibility of an airdrop by artificially inflating their trading volume in hopes of increasing their potential reward.
A Strategy for Future Growth
Although Polymarket has not officially confirmed plans for a token, many believe the platform may be eyeing a token to fuel its next phase of expansion following its $70 million Series B funding round earlier this year. This round was supported by prominent figures, including Ethereum co-founder Vitalik Buterin.
Volume Farming and Speculation
Airdrop farming strategies have already emerged, with some traders making repetitive transactions to boost their volume rankings. These users are attempting to qualify for a larger share of the potential airdrop, although some whales have expressed frustration, calling the practice spammy and disruptive.
Whether or not Polymarket officially launches a token remains to be seen, but speculation alone has already driven increased engagement on the platform.
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