Variational Announces Tokenomics: Genesis Airdrop Accounts for 32%, Q4 TGE Expected

BlockBeats news, September 24: Arbitrum on-chain derivatives protocol Variational has announced the tokenomics of its VAR token: 32% of the tokens will be allocated to the genesis airdrop (airdropped proportionally based on points, with 100% unlocked at TGE), ecosystem reserves account for 18% (allocated by the foundation), and the team + investors account for 50% (locked for 12 months after TGE, followed by at least 3 years of linear unlocking).

Additionally, the team plans to conduct the TGE in Q4, and will continue to distribute 150,000 points weekly before then; a minimum of 1 point is required to claim the airdrop; unclaimed airdrops will be burned; 100% of revenue will be used for buyback and burn of VAR.