The prediction platform is preparing to issue POLY and distribute it to users, Chief Marketing Officer Matthew Modabber said during the Degenz Live podcast. He noted growing investor interest as trading volumes on the platform surged in recent months.
According to Modabber, the team could have launched the token earlier but chose to take a strategic approach. He emphasized that Polymarket aims to build a token with real utility and lasting value.
“There will be a token, and there will be an airdrop. We could launch it at any time – the only question is how carefully we want to do it. And we want the token to be truly useful and to exist forever,” he said.
For now, Polymarket’s efforts remain focused on launching its app in the U.S. After suspending operations in 2022, the platform regained approval to operate, as co-founder Shane Coplan announced in September.
“There’s no need to rush the token when our current priority is launching the app in the U.S.,” Modabber added. “Once the app is live in the American market, the team will focus on the token and its proper implementation.”
Modabber’s comments have fueled speculation about how the token distribution might unfold.
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