Automated NFT Market Maker Sudoswap to Release Its Governance Token via Airdrop

Sudoswap, a decentralized non-fungible token (NFT) marketplace, has announced the release of its new governance token called SUDO. The initial supply of SUDO tokens, which amounts to 60 million, will be distributed through an airdrop to community members.

The majority of the SUDO tokens, approximately 41.9% of the total supply, will be given to holders of XMON, the native token behind the 0xmon NFT collection created by the founders of Sudoswap. XMON holders will participate in a lockup period, during which they can receive 10,000 SUDO tokens per XMON token locked for a duration of three months.

In addition, 1.5% of the SUDO supply will be distributed to holders of 0xmon NFTs, while another 1.5% will be allocated to Sudoswap liquidity providers through a retroactive liquidity provider airdrop. The remaining 55.1% of tokens will be allocated to the treasury, founding team members, and SudoRandom labs, the primary contributor to the Sudoswap protocol.

At the beginning, SUDO tokens will be non-transferrable to ensure that there is sufficient participation from SUDO holders in governance before the tokens enter circulation.

Sudoswap is an automated market maker NFT platform that operates with autonomous trading mechanisms and is self-regulated. The introduction of the SUDO token aims to enable community governance and participation in decision-making processes within the Sudoswap ecosystem.

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