Swell Network, a re-staking protocol, announced that SWELL claims will be open at 17:00 on November 7, and announced the SWELL token economic model.
The total supply of SWELL is 10 billion, and the initial circulating supply is 13%.
35% of SWELL is allocated to the community, of which 8.5% of the supply is allocated to the Voyage airdrop, 7% of the total supply will be linearly distributed according to the white pearls accumulated by each Voyager, and another 1.5% will be allocated to the most loyal stakeholders according to its loyalty bonus method. Claims can be claimed for up to 6 months after the claim is opened, after which unclaimed tokens will be returned to the DAO for future plans. Users can re-stake SWELL (rSWELL) after claiming the SWELL airdrop.
In addition, 25% is allocated to the team, 25% to investors, and 15% to the foundation.