Share this article
Automated NFT Market Maker Sudoswap to Release Its Governance Token via Airdrop
Holders of XMON, the native token behind the 0xmon NFT collection, will receive 41.9% of SUDO’s initial supply of 60 million.
By Cam Thompson
Updated Apr 9, 2024, 11:30 p.m. Published Sep 2, 2022, 3:45 p.m.
Decentralized non-fungible token (NFT) marketplace Sudoswap is releasing its new governance token via an airdrop to community members, according to a blog post published Thursday.
The Ethereum-based SUDO token’s initial supply of 60 million will be distributed mostly 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 to collectively receive 41.9% of the total SUDO supply. During the three-month lockup, XMON holders can receive 10,000 SUDO per XMON token locked.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The price of XMON has jumped 38% in the past 24 hours, according to data from CoinGecko,.
The blog post also specified that 1.5% of the SUDO supply will be distributed to holders of 0xmon NFTs, while a retroactive liquidity provider airdrop will allocate 1.5% of the supply to Sudoswap liquidity providers.
The remaining 55.1% of tokens will be allocated across the treasury, founding team members and SudoRandom labs, the primary contributor to the Sudoswap protocol.
According to the post, SUDO will be non-transferrable at the beginning. “This is done as a measure to ensure SUDO does not go into circulation unless and until there can be assurance that there will be sufficient participation from SUDO holders in governance,” the post read.
Sudoswap is an automated market maker NFT platform that is self-regulated and uses autonomous trading mechanisms.
Read more: LooksRare Fork Sudorare Rugs for $800K Despite Crypto Twitter Warnings
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Two Casascius Coins Holding 2K BTC Moved After 13 Years of Inactivity
The Casascius coins were designed as offline cold storage with embedded private keys, but the project was shut down in 2013 due to regulatory pressure from FinCEN.
What to know:
- Two long-dormant bitcoin wallets tied to physical Casascius coins moved 2,000 BTC ($180M) after over a decade of inactivity.
- The Casascius coins were designed as offline cold storage, containing embedded private keys, but the project was shut down in 2013 due to regulatory pressure from FinCEN.
- The recent transfers' purpose is unclear, but could be linked to degrading physical components or precautionary moves to preserve access.
Top Stories
