Variational Unveils Airdrop Details and Tokenomics

Perp DEX protocol Variational has announced its tokenomics, allocating 32% of the total supply for a genesis airdrop. The airdrop will be distributed based on user points, which will continue to be issued until the Token Generation Event (TGE) in Q4. The protocol also plans to use 100% of treasury revenue for buybacks and token burns. Based on Polymarket prediction data, the project's fully diluted valuation (FDV) is estimated between $1.53 billion and $1.85 billion. With the total points supply projected to reach between 10 million and 11 million by TGE, the theoretical value per point is estimated to be between $44.5 and $59.2.