Exciting news for all crypto enthusiasts! The highly anticipated $SUDO governance launch is finally here, accompanied by the launch of the Airdrop & Lockdrop.
Get ready to join the movement and reap the benefits of participating in this innovative platform that will change the way NFT traders buy & sell, with fees of just 0.5%.
About SudoSwap
Sudoswap is an automated market maker (AMM) protocol that facilitates NFT-to-token swaps (and vice versa) using three types of customizable bonding curves to adjust asset prices (Linear, Exponential, and XYK).
Liquidity providers deposit NFTs and/or ETH/ERC20 tokens into liquidity pools and users can buy or sell NFTs. The price of an NFT is changed by either a flat amount (linear) or a percentage (exponential) of the price after every purchase or sale from the pool. An XYK curve adjusts the price of an NFT by keeping the product of two virtual reserves constant after each trade.
The $SUDO governance token will initially be non-transferable until approved through a standard governance vote. A minimum delegation of 300K SUDO is required to create proposals, with a successful execution requiring 2.4M SUDO and a majority vote after a 5-day voting period.
