Sudoswap Announces SUDO Token Allocation and Prepares for Airdrop

The NFT AMM platform, Sudoswap, which has been drawing significant attention lately, has unexpectedly revealed the allocation details for its SUDO token and is gearing up for an airdrop.

SUDO will serve as the governance token for sudoAMM, an NFT swapping protocol developed by Sudoswap. This project has attracted considerable interest from both the NFT investing community and traditional AMM platforms like Uniswap due to its highly effective liquidity solution for trading hard-to-exchange assets like NFTs.

As of the morning of September 2, 2022, Sudoswap has announced its SUDO token allocation plan.

SUDO Token Allocation

The total initial supply of SUDO will be 60 million tokens, distributed as follows:

• XMON token holders: 41.9%
• 0xmons NFT holders: 1.5%
• Airdrop to liquidity providers (LPs) on sudoAMM: 1.5%
• Project treasury: 25.1%
• Project team: 15%, vested over 3 years with a 1-year cliff
• SudoRandom Labs: 15%, vested over 3 years with a 1-year cliff

SUDO Token Allocation Breakdown

The majority of SUDO tokens allocated to the community will go to XMON token holders and 0xmons NFT holders, both projects associated with Sudoswap's founder, 0xmons.

To participate in the airdrop, XMON holders will need to lock their tokens for 3 months. The airdrop ratio is set at 1 XMON = 10,000 SUDO. Users will have one month from the announcement of the airdrop to lock their XMON tokens.

Although Sudoswap has yet to announce the official airdrop date, the announcement alone has been enough to trigger a FOMO effect within the community, causing XMON’s price to surge nearly 30% within the past hour.

XMON Price Movement in the Last 24 Hours
Data from CoinMarketCap as of 10:10 AM on September 2, 2022

The project has cautioned that the SUDO token has not yet been issued and has urged the community to be wary of impersonation schemes and scams.