The NFT trading protocol sudoswap has released the governance token SUDO and opened the governance module

The NFT trading protocol sudoswap has released the governance token SUDO and opened the governance module. Among them, XMON holders can obtain SUDO tokens through lockdrop activities. XMON tokens will be locked for 1 month from contract deployment, and 10,000 SUDO can be obtained for each XMON locked; early sudoAMM liquidity providers ( Trading pool only) and 0xmons NFT holders (before the snapshot date) are also eligible for the SUDO airdrop. In addition, SUDO uses the OpenZeppelin Governor module on the chain to manage the sudoAMM protocol, entrusting at least 300,000 SUDO addresses can create on-chain proposals for the governance module, and the voting is delayed for 2 days. After the voting period is 3 days, the number of SUDO approvals is not less than 2.4 million and obtains a majority Proposals for support tickets can be implemented. Through on-chain proposals, holders can vote for adjustments including: fee switching, adding new routers, whitelisting external contract pools, and adding new Curve Bonding. Foresight News previously reported that sudoswap announced the governance token SUDO distribution plan in September last year, with an initial supply of 60 million pieces, allocated to 41.9% of XMON holders; 900,000 pieces (1.5%) to 0xmons NFT holders; 900,000 pieces (1.5%) were retroactively airdropped by LP; 15.08 million pieces (25.1%) were allocated to Treasury; 9 million pieces were allocated to the initial team (1-year full lock-up and 3-year vesting); 9 million pieces were allocated to SudoRandom Labs ( 1-year full lock-up and 3-year vesting).