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Just about a month after its Token Generation Event TGE on September 22, RIVER, a crypto startup building the first chain-abstraction stablecoin system, has achieved a new all-time high of $10.
According to an official press release, RIVER has surged 5x since its TGE on Sept 22, following the token’s Binance Futures listing on Oct 17.
Notably, the impressive increase in RIVER’s price was spurred by growing market attention on River’s Dynamic Airdrop Conversion, the first time-encoded tokenomics mechanism that connects conversion behavior to time-based value.
The dynamic airdrop conversion features a mechanism that introduces time-encoded tokenomics, allowing users to convert River Pts (ERC-20) into $RIVER at any time within 180 days after TGE.
 
According to the announcement, River Pts—the ecosystem’s ERC-20 points—have risen 40x since launch, reflecting growing market awareness of arbitrage opportunities between River Pts, $RIVER, and perpetual futures.
Notably, this continuous process turns the airdrop into a live market, where users can either hold River Pts for higher future conversion or lock in profits by shorting $RIVER perpetuals, creating a natural balance between liquidity and time-based appreciation.
The conversion curve shows how time relates to the amount of tokens a user receives. Users who hold 1M River Pts from Day 1 to Day 180 can result in up to a 270x difference in $RIVER output, depending on when conversion occurs.
This structure lets users see how time directly changes the value they receive as prices move with market behavior, not fixed unlocks.
RIVER Perps Listed on Multiple Exchanges
After the conclusion of the TGE, $RIVER Perps has been listed on Binance, Bybit, Bitget, KuCoin, and Gate, achieving over $100 in total trading volume in just 24 hours. Furthermore, 80K addresses and 40K X accounts have been marked as eligible for the River airdrop.
While the Season 3 airdrop continues post-TGE, users can earn River Pts by using stablecoin, tweeting, or joining ecosystem campaigns.
The River Pts–$RIVER mechanism has generated notable community interest, with discussions centering on the interplay between timing, conversion rates, and potential arbitrage opportunities.
Notably, participants are analyzing different strategies, including when to convert and how to use perpetual contracts for hedging. Meanwhile, others are engaging with Season 3 as a method of accumulating River Points.
Unlike the regular distribution system, Dynamic Airdrop Conversion reframes token distribution as a market mechanism rather than a release schedule.
It establishes a measurable interplay between time, behavior, and liquidity, and each user’s decision directly influences price formation and supply dynamics.
Nonetheless, the approach is considered a significant development as it is comparable to the introduction of automated market makers (AMMs), in that it introduces a time-encoded framework where value is shaped by user activity and market behavior.