Swell, a prominent Ethereum staking protocol, has announced the allocation of SWELL tokens, dedicating 8.5% for the upcoming 'Voyage' airdrop. This allocation aims to reward active participants and loyal stakers within the Swell ecosystem.
SWELL Token Allocation Breakdown
The total supply of SWELL tokens stands at 10 billion, structured as follows: * 8.5% (850 million SWELL) is designated for the 'Voyage' airdrop. + 7% will be distributed based on accumulated White Pearls. + 1.5% is allocated as a Loyalty Bonus.
Details of the Voyage Airdrop
The 'Voyage' airdrop aims to incentive participation and reward users actively engaging with the Swell platform. The airdrop distribution is as follows: 1. Accumulated White Pearls: Users who have accumulated White Pearls, which indicate their staking activity and engagement with the platform, will receive a share of the airdropped SWELL tokens. 2. Loyalty Bonus: To further encourage long-term staking, 1.5% of the total SWELL supply will be allocated as a Loyalty Bonus for users with consistent participation in the Swell ecosystem.
Claim Period and Token Reversion
Users will have a six-month window to claim their airdropped tokens starting from the snapshot taken on July 30, 2024. This generous time window ensures ample time for participants to secure their rewards. Any unclaimed tokens after this period will revert to the treasury, ensuring effective token distribution aligned with the platform's objectives.
Swell's decision to allocate 8.5% of its SWELL token supply for the 'Voyage' airdrop underscores its commitment to rewarding active participation and loyalty within its ecosystem. By offering substantial rewards based on staking activity and commitment, Swell aims to strengthen its community and drive continued growth in the Ethereum staking space.
