Sudoswap announced the launch of SUDO, a local government token mostly reserved for XMON token holders.
Decentralized NFT platform Sudoswap has announced that an initial supply of 60 million Etherum-based SUDO will be distributed to various members of the project.
Sudoswap To Distribute Its Native Token
Decentralized NFT platform Sudoswap announced on its Twitter account that users with XMON, which supports the oxmons NFT collection, will be able to receive 41.9 percent of the initial supply of the SUDO token with a lockdrop.
This post outlines the distribution of SUDO, the governance token of the sudoAMM protocol. https://t.co/aGwNWSDaB6
NOTE THAT THE SUDO TOKEN GOVERNING THE SUDOSWAP PROTOCOL HAS NOT YET BEEN DEPLOYED. PLEASE EXERCISE CAUTION
— sudoswap (@sudoswap) September 2, 2022
In the post shared by the company on its Twitter account, information about how and how much distribution will be made on the blog site was shared.
SUDO distribution ratesSudoswap is a decentralized NFT platform that uses an automated market maker (AMM) to source and fund trades. The advantage of designing the platform like this is that it gives NFT investors the opportunity to dynamically buy and sell different jpegs.
Rather than listing five different NFTs at the collection’s base price, owners can create pools that adjust the price of each NFT as the collection is purchased. Conversely, investors can also create buy-only pools that automatically purchase NFTs, similar to dollar cost averaging.
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