According to a blog post NFT marketplace Sudoswap will release its new governance token via an airdrop community members.
The token supply is distributed to 41.9% of holders of XMON, the native token behind the 0xmon NFT collection, with an initial supply of 60 million- and most holders will receive tokens via a lockup – during which they can receive 10,000 tokens per XMON token locked.
Today, the price of XMON has increased 38% since Monday according to data from CoinGecko.
The blog post also mentioned that 1.5% of the supply is being distributed for SUDOs and a retroactive liquidity provider airdrop will allocate 1.5% of the supply to Sudoswap liquidity providers.
55% of tokens will be allocated for the general population, founding team members and SudoRandom labs.
The post suggested that SUDO tokens will not be transferable at the beginning. “This is done as a measure to ensure SUDO does not go into circulation unless and until there can be assurance that there will be sufficient participation from SUDO holders in governance,” the post read.
Sudoswap is a self-regulated platform where you can trade tokens for any NFTs in the blockchain-based market.
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