NFT Marketplace Sudoswap Airdrops Tokens to Liquidity Providers and 0xmon Holders

SUDO holders can vote on on-chain governance proposals, and the tokens are initially non-transferrable.

AccessTimeIconJan 31, 2023 at 8:25 a.m. UTC
Updated Jan 31, 2023 at 3:37 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Popular non-fungible token (NFT) marketplace Sudoswap on Monday issued and airdropped its sudo tokens to users based on predetermined criteria.

Airdrops are the unsolicited distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses and are generally used as a tactic to gain users. Sudoswap allows users to instantly swap their NFTs for other tokens on the Ethereum blockchain. It locks over $3.7 million worth of token value as of Tuesday, per DeFiLlama.

Eligible for the airdrop were early liquidity providers on Sudoswap as well as holders of 0xmon NFTs, an NFT collection created by Sudoswap's founding team. Furthermore, xmon (XMON), is Ethereum-based utility token 0xmons project, can lock up their tokens on Sudoswap to receive sudo tokens after one month.

Some users received over $100,000 worth of the tokens at the time of the airdrop, as per The Block Director of Research Steven Zheng, who compared the valuation to Looks, another NFT project, and based the token values on the 60 million initial sudo supply.

The sudo tokens are initially non-transferable but can be used to vote on governance decisions to determine Sudoswap's future development and ecosystem strategies, developers said.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Shaurya Malwa

Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about