Kay Capital|Sep 20, 2026 23:22
Big bro said last week, 'IPOs will move on chain.' And this week, Binance Wallet's 'Pre-Access' is here.
Most likely, it's just as the bros analyzed—Phase 1 should be Polymarket's new token launch. Even though it's just an SPV indirect exposure token created by Paimon, if the valuation really is $15.5 billion, that's still a lot cheaper than the latest $21 billion private round.
For now, they've only mentioned that the allocation will be based on Alpha points, Trencher badges (on-chain P contributors), and bStocks on-chain levels. Waiting for the specific thresholds to be announced.
If Poly doesn't issue tokens or do an airdrop, then what about us E-baggers who contributed fuel?
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