Variational unveils its tokenomics: genesis airdrop accounts for 32%, with a projected Q4 token generation event (TGE).
39 minutes ago
Arbitrum-based derivatives protocol Variational has unveiled the tokenomics for its VAR token: 32% of the total token supply will be allocated to a genesis airdrop, distributed proportionally to users’ points, with 100% unlocked at the Token Generation Event (TGE); 18% goes to the ecosystem reserve, managed by the foundation; and 50% is reserved for the team and investors, locked for 12 months post-TGE before linear unlocking over a minimum of 3 years. The team plans to hold the TGE in the fourth quarter (Q4), with 150,000 points issued weekly until then. A minimum of 1 point is required to claim the airdrop, and unclaimed airdrop allocations will be burned. Additionally, 100% of the protocol’s revenue will be used to buy back and burn VAR tokens.
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