Variational launches on-chain trader rewards campaign.

BlockBeats news, October 11: Arbitrum on-chain derivatives protocol Variational announced that it is distributing over $1 million and 150,000 platform points to the 10,000 most active perpetual contract traders on-chain (excluding market makers) to attract them to join. Eligible traders can receive up to 3,000 Variational points, and referrers can receive up to $15,000 in rewards. More than 750 new users have already registered through this campaign.

On September 24, Variational announced the tokenomics of its VAR token: 32% of the tokens will be allocated to the genesis airdrop (airdropped proportionally based on points, 100% unlocked at TGE), ecosystem reserves account for 18% (allocated by the foundation), and team + investors account for 50% (locked for 12 months after TGE, then linearly unlocked over at least 3 years). In addition, the team plans to conduct the TGE in Q4, and before that will continue to distribute 150,000 points weekly; at least 1 point is required to claim the airdrop; unclaimed airdrops will be burned; 100% of revenue is used to buy back and burn VAR.