**[Variational Launches On-Chain Trader Reward Program]** BlockBeats News, October 11 — Arbitrum-based derivatives protocol Variational announced a reward program targeting the top 10,000 most active perpetual contract traders on-chain (excluding market makers). The program will distribute over $1 million and 150,000 platform points to attract these traders to join. Eligible traders can receive up to 3,000 Variational points, while referrers can earn up to $15,000 in rewards. So far, more than 750 new users have registered through this initiative. On September 24, Variational revealed its tokenomics for the VAR token: - 32% of the tokens will be allocated to the genesis airdrop (distributed proportionally based on points, with 100% unlocked at TGE). - 18% will be reserved for ecosystem development (managed by the foundation). - 50% will be allocated to the team and investors (locked for 12 months post-TGE, followed by at least a 3-year linear unlock). Additionally, the team plans to conduct the TGE in Q4. Until then, 150,000 points will continue to be distributed weekly. At least 1 point is required to claim the airdrop, and unclaimed airdrops will be burned. All revenue will be used for VAR buybacks and burns. [Original Link]