> For the complete documentation index, see [llms.txt](https://polymarketguide.gitbook.io/polymarketguide/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://polymarketguide.gitbook.io/polymarketguide/markets/categories/token-launches.md).

# Token Launches

Token launch markets resolve based on whether a crypto project launches or distributes a token, or on conditions measured after launch. These can include launch dates, airdrops, valuations, and exchange listings.

### How do they work?

Token launch markets define which launch-related events and measurements count.

Conditions can include:

* **Project**\
  *Example*: MetaMask.
* **Event**\
  *Example*: Token launch.
* **Requirement**\
  *Example*: Token is actively and publicly tradable.
* **Timeframe**\
  *Example*: By December 31, 2026.

### Resolution Sources

Common resolution sources for token launch markets include:

* **Official project information**
* **Onchain information**
* **Exchange announcements and price data**
* **Consensus of credible reporting**

Always check the **market's listed source** — it can affect how the market will resolve.

<figure><img src="https://3511841878-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwmHFi7NV8gmAN3L4jVKb%2Fuploads%2FQjL7vxCxr44pCLroUiBZ%2Fimage.png?alt=media&amp;token=383c2e29-96c9-4111-b668-47b4b085dda3" alt=""><figcaption></figcaption></figure>

### What should I be aware of?

* **Launch definitions** may require a token to be actively and publicly transferable and tradable.
* **Token eligibility rules** may exclude certain token types or require an official project token.
* **Airdrop rules** can determine whether locked or non-swappable tokens and NFTs qualify.
* **Post-launch conditions** can depend on timing, price sources, or qualifying exchange listings.

<figure><img src="https://3511841878-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwmHFi7NV8gmAN3L4jVKb%2Fuploads%2Fl6OdrlrwLnHGZp9bTrJJ%2Fimage.png?alt=media&amp;token=b601faeb-23e6-409b-8864-5db9c1d649e0" alt=""><figcaption></figcaption></figure>

### Examples

Here are examples of how rulesets are structured:

{% tabs %}
{% tab title="Launch" %}

<figure><img src="https://3511841878-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwmHFi7NV8gmAN3L4jVKb%2Fuploads%2FtgKYJ3NNSE6mUcOxgk8d%2Fimage.png?alt=media&amp;token=904a7dca-243e-48c1-ab55-0def7c2f1d63" alt=""><figcaption></figcaption></figure>

**Resolution Criteria:** OpenSea officially launches a governance token by the listed date.

**Resolution Source:** Information from OpenSea and a consensus of credible reporting

**Additional Rules:** The token must be actively and publicly transferable and tradable. Announcements alone do not qualify. Stablecoins, memecoins, LSTs, and synthetic tokens do not count.
{% endtab %}

{% tab title="Airdrop" %}

<figure><img src="https://3511841878-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwmHFi7NV8gmAN3L4jVKb%2Fuploads%2FugJjVyVAzXk9lwWsZ41T%2Fimage.png?alt=media&amp;token=7847c2c8-344c-437e-aa48-159dc4b8ee05" alt=""><figcaption></figcaption></figure>

**Resolution Criteria:** Hyperliquid performs a second airdrop by December 31, 2026.

**Resolution Source:** Onchain information, official information from Hyperliquid, and a consensus of credible reporting

**Additional Rules:** The airdrop must be of HYPE. Locked or non-swappable tokens do not qualify. Airdrops of third-party tokens, memecoins, or NFTs do not count.
{% endtab %}

{% tab title="FDV" %}

<figure><img src="https://3511841878-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwmHFi7NV8gmAN3L4jVKb%2Fuploads%2FNV6HZunGgmPqrtBHr1PJ%2Fimage.png?alt=media&amp;token=b82c6f7b-7af9-446d-98ff-88f9cf14439b" alt=""><figcaption></figcaption></figure>

**Resolution Criteria:** Base's governance token has an FDV above the listed value one day after launch.

**Resolution Source:** Most liquid price source available

**Additional Rules:** The token must be actively, publicly transferable and tradable. Stablecoins, memecoins, LSTs, and synthetic tokens do not count. FDV is calculated using total token supply multiplied by token price. One day after launch is defined as 4:00 PM ET on the calendar day following launch. If Base does not launch a token by December 31, 2027, the market resolves to No.
{% endtab %}

{% tab title="Listing" %}

<figure><img src="https://3511841878-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwmHFi7NV8gmAN3L4jVKb%2Fuploads%2FUmEhCn2TD8TZOIsOLGRN%2Fimage.png?alt=media&amp;token=bd48b7ce-f9a0-4a2d-9b81-72ae2a3b0a94" alt=""><figcaption></figcaption></figure>

**Resolution Criteria:** Extended's token is listed for spot trading on the named exchange within 30 days after its token launch.

**Resolution Source:** Official announcements from the named exchange and a consensus of credible reporting

**Additional Rules:** Only an official Extended token launched after market creation qualifies. Stablecoins, memecoins, LSTs, and synthetic tokens do not count. The token launch is defined as the first time the token is actively and publicly tradable. Only spot trading on the exchange's primary global platform qualifies; derivatives, pre-launch markets, listing announcements, deposit-only support, and regional or affiliate platforms do not count. For Revolut, availability for retail purchase on the Revolut app or Revolut X qualifies. If Extended does not launch a token by December 31, 2027, the market resolves to No.
{% endtab %}
{% endtabs %}