Polymarket said it will conduct token airdrops in the future, which may be affected by the decline in TVL and trading volume after the election

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According to a screenshot of the Polymarket settlement page, the platform stated "We expect to conduct an airdrop in the future, and users who reinvest their rewards into other markets may be eligible for higher future rewards and airdrops. If you stick around, you'll be happy."

It is worth noting that Polymarket's move may be influenced by the large capital outflow after the election results. According to defillama data, Polymarket's TVL was $511 million on November 6, but had dropped to $185 million by November 8.

BlockBeats previously reported that The Information cited informed sources in September, stating that Polymarket is in negotiations to raise more than $50 million in new funding and has discussed the possibility of launching a token that can be used for its prediction market operations.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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