Popular non-fungible token (NFT) marketplace sudoswap according to predetermined criteria on Monday SUDO distributed its altcoins to users for free as an airdrop.
Airdrops are a cryptocurrencyIt is an unsolicited distribution to a large number of wallet addresses, usually free of charge, and is often used as a tactic to gain users.
Some Users Have Been Given Over $100,000 in SUDO Altcoins
Sudoswap allows users to instantly exchange their NFTs for other tokens on the Ethereum blockchain. According to the data, a total of approximately 3.7 million dollars of tokens were distributed to users.
Early liquidity providers on Sudoswap, as well as holders of 0xmon NFTs, a collection of NFTs created by Sudoswap’s founding team, were also eligible for the airdrop. Also, holders of Xmon (XMON), the Ethereum-based utility token 0xmons project, can lock their tokens in Sudoswap to receive SUDO tokens after one month.
According to research, when the value of the token and the initial supply value of 60 million were calculated, some users received airdrop rewards of over $ 100,000.
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The developers said that SUDO tokens are not initially transferable but can be used to vote on management decisions to determine future development and ecosystem strategies of Sudoswap.
The new tokens will give their holders a special chance to vote. In this case, addresses with at least 300,000 SUDO delegates will be able to create an online offer for the admin module.
Launched in May 2022, SudoSwap is a decentralized exchange (DEX) protocol that enables the trustless exchange of NFTs on the Ethereum blockchain. The protocol uses an Automated Market Maker (AMM) based model similar to traditional decentralized exchanges, but for NFTs.
*Not investment advice.