Saddle Launches Governance token $SDL to Airdrop 15% of Total Supply to Users

TokenInsight news, automated market maker project Saddle announced the release of governance token $SDL. $SDL has a maximum supply of 1 billion tokens, 51% of which will be released to Saddle community members, of which 15% (150 million) have been allocated to Saddle historical users (tokens released over 2 years ago), and the airdrop is open to historical liquidity providers (10.5%), veCRV holders (3%), interactive addresses that invoked the Saddle contract and traded over $100 before October 1 of this year (0.5%), Multisig signatories (0.5%) and early depositors (0.5%). Currently eligible users can claim $SDL tokens, which are airdrop tokens that cannot be transferred for an initial period of 3 to 6 months, after which transfers can be enabled by governance vote with a two-year unlock period. In addition, Saddle will distribute 22.5% of the tokens to investors, 25.9% to team members and 0.6% to advisors. Previously, in the middle of this month, Saddle announced the closing of a $7.5 million funding round led by Polychain and Electric Capital, with participation from Nascent and Project Galaxy, among others.
Source

Airdrop

Latest News More More
Use TokenInsight App All Crypto Insights Are In Your Hands
Open