The feature allows speculators to trade and follow the odds of their favorite project airdropping a token by placing bets on a binary outcome: yes or no.
“‘Wen token?’ is one of the most asked questions in crypto,” Polymarket founder Shayne Coplan told CoinDesk. “What’s great about the Airdrop Futures is that it can combat asymmetric information. You can see the probabilities according to an actual free market. It’s a really powerful idea.” These include non-fungible token marketplace OpenSea, NFT collection Bored Ape Yacht Club and wallet applications MetaMask and Rainbow, among others.
Meanwhile, speculators are bullish that NFT project Bored Ape Yacht Club would release a token before the deadline, putting BAYC’s odds at $0.67.One potential application of Airdrop Futures is that it could help calm airdrop anxiety by allowing users to hedge against the risk of not receiving an airdrop from a project they have spent a considerable amount of time and resources using.
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