Swell opens airdrop enquiries, 8.5% of tokens will be used for Voyage airdrop
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Foresight News reported that the liquidity re-pledge platform Swell has opened the airdrop query. The total supply of SWELL tokens is 100 billion, of which 8.5% (8.5 billion) will be used for the Voyage airdrop. When the claim is opened, 7 billion SWELL will be linearly distributed according to the accumulated White Pearls of each Voyager. Another 1.5% will be distributed to staking users according to the loyalty reward method. Users with witch activity behavior will not receive rewards, and they will only be returned if they can prove that they have been misidentified. Otherwise, these SWELL tokens will be shared by all Voyagers and distributed at the TGE. Currently, 7,500 wallet addresses have been identified as witches (more than 7.3 million Pearls in total). The official stated that SWELL tokens can be used to pay Gas fees, govern the Swell DAO, and re-pledge to ensure the security of Swell L2 applications and infrastructure.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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