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Decentralized perpetual futures exchange Variational said on its official X account it has confirmed a fourth-quarter launch for its native token, VAR.
The token’s total supply will be allocated as follows:
– 32% for a genesis airdrop
– 18% for the ecosystem reserve
– 50% for the team and investors
Variational added that 100% of the airdrop allocation will unlock on the token’s launch day, with distributions made in proportion to users’ point balances. Any airdropped tokens not claimed within the valid period will be burned automatically. The platform also said it plans to send 100% of future operating revenue to the treasury for VAR buybacks and burns.