Polymarket’s CMO Confirms Plans for POLY Token Launch and Airdrop

Polymarket to launch POLY token and airdrop post-U.S. launch, says CMO.

The prediction platform Polymarket is set to release a coin under the ticker POLY and conduct an airdrop following its full launch in the United States. This was announced by the project’s Chief Marketing Officer, Matthew Modabber, on the Degenz Live podcast. 

“There will be a token, and there will be a distribution. We could release it at any time, but we want to approach this as responsibly as possible. Our goal is to create a coin with real utility and long-term prospects. One that will exist forever. This is the task we set, and I think the community expects the same from us,” he said. 

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

The current focus of the platform is the release of the application in the United States, Modabber emphasized. The project announced its return to the United States in July after settling disputes with regulators. 

“Why rush the token release when we need to prioritize the American application? After deploying activities in the U.S., we will focus on the coin to ensure everything is done properly,” added Polymarket’s Chief Marketing Officer. 

Speculation among users has already begun regarding the distribution mechanism of POLY. Some suggest that the airdrop amount will depend on the trading volume on the platform, but there is no official information yet. 

Sybil Attacks in Play

As the Polymarket token airdrop approaches, unscrupulous airdrop hunters have become active, writes Decrypt. They have refined their methods to make it more difficult for the platform to identify and exclude them from the list of POLY recipients.

At the height of the excitement around prediction markets during the U.S. presidential elections, users were massively engaging in wash trading—artificially inflating volumes through large transactions between their own accounts. A Polymarket user under the pseudonym Fhantom Bets noted that it was easy to track back then: 

“It used to be obvious. They made large purchases of $50,000 from themselves. In the sports markets, where I act as a market maker, you don’t see that anymore.” 

Now, fraudsters use networks of more than 100 wallets and disguise artificial trades as regular activity, focusing on niche areas. 

A trader nicknamed Shady admitted to participating in farming but without wash trading. In his opinion, the airdrop distribution will consider four criteria: 

• trading volume;
• profit;
• liquidity provision;
• number of markets for trading.

“I think the distribution will be multi-tiered or based on a logarithmic curve, as the lion’s share of volume and liquidity is provided by a small percentage of users. Some users and bots trade eight-figure sums monthly. A linear distribution by volume would lead to a significant imbalance,” he shared. 

Polymarket’s valuation could reach $15 billion following the upcoming funding round.