Today, SudoSwap announced the distribution plan of the governance token SUDO. At the moment when the market lacks hot projects, this "NFTFi Light" has attracted a lot of criticism after the big news was released.

The reason is that, according to the official plan, almost no SUDO airdrops are allocated to SudoSwap community users, and only 1.5% of SUDO is allocated to LP pool users. The remaining 98.5% of the quota belongs almost entirely to the team and the token XMON and NFT holders of the 0xmon project. Among them, XMON holders will be allocated 25.12 million (41.9%), almost half of the total allocation.

The specific token distribution rules are as follows:

Total initial supply: 60 million SUDO.

XMON holders: 25.12 million, 41.9%.

0xmons NFT holders: 900,000, 1.5%

Reissue LP airdrop: 900,000, 1.5%.

State treasury: 15.08 million, 25.1%.

Initial team members: 9 million, 15%, vested within 3 years, with a 1-year lock-up period.

SudoRandomLabs: 9 million, 15%, vested within 3 years, with a 1-year lock-up period.

Affected by this news, the price of XMON tokens rose in a straight line, with a 24-hour increase of 28.2%, with a maximum increase of 53.5%. The floor price of 0xmon NFT also rose to 27 ETH.

In recent months, the NFT trading market has experienced frequent downturns, and the emergence of SudoSwap has given everyone a shot of stimulant. With its AMM mechanism and super growth data, it has gradually become the project that everyone pays attention to and actively interacts with.

According to Dune data, there are currently 21,725 ​​users on the SudoSwap platform, and the transaction volume on the platform has also grown almost linearly, exceeding US$34 million.

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SudoSwap is part of 0xmon

0xmon is an on-chain AI-generated monster-themed NFT inspired by Pokemon, SCP, and Lovecraft. Each 0xmon has a unique animation generated by a GAN (Generative Adversarial Network) trained on pixel art images. The animations, names, traits and lore of each 0xmon were created by AI and then hand-tuned by humans. Plus, it's built on Ethereum, so the entire content of each NFT can be fully encoded.

On 0xmon's official website, we can see that 0xmon has created an NFT system, including XMON tokens and SudoSwap.

In a tweet posted by 0xmon on December 7 last year, it was clearly stated that SudoSwap was created to allow users to exchange their 0xmon NFT.Therefore, the distribution of SUDO tokens will say that holders of XMON tokens and 0xmons NFTs are considered first.

Judging from the above remarks, SudoSwap's token distribution this time has indeed fulfilled its original promise. And 0xmons said,secondary title

Most users avoid allocation rules perfectly

It is believed that many users are using SudoSwap in anticipation of the airdrop, but this distribution plan almost perfectly escaped the previously widely circulated interaction strategy. For example, listing NFT on sudoAMM, quoting, providing liquidity, etc.

Looking at it today, the only hope left is to provide liquidity. Seeing this, I instantly became refreshed, because I also set up a pool during the interaction process. Thinking about it, although there is only a total of 1.5% distribution ratio, for people like me who seldom use airdrops, Excited already. So quickly and carefully study the specific distribution plan. This looks good, this part of the airdrop is limited to TRADE pools (3 pools).

SudoSwap's LSSVM protocol consists of many individual NFT pools. Each pool is managed by a liquidity provider and parameterized by a custom bonding curve. Traders can then choose a pool to trade with or trade across multiple pools with the help of the aggregator.

A mining pool is a contract managed by a single address that holds a certain amount of ETH and a certain amount of NFT. They can be ETH only to buy NFTs (1 pool), sell their NFTs for ETH (2 pools) or both ie TRADE pools (3 pools). You can choose which type you want to create before creating the pool.

Not reconciled, I went back to SudoSwap to confirm my memory. Sure enough, I created not 3 pools, but 2 pools, and my last hope was shattered. I'm not happy about this? Users who create unilateral pools also contribute TVL and are counted in traffic statistics, and at the same time bear risks. Why are these users completely ignored? At present, no official explanation has been given.

A large number of users in the community joked that maybe 90% of the 3 pools were created by insiders because they knew the rules in advance. According to Dune data, there are currently 28,334 pools on SudoSwap, including a collection of 3 types of pools. We exclude the possibility of one address creating multiple pools (this possibility is extremely high). Therefore, the actual number of creations is far less than this number. At present, there is no statistics on how many addresses have created 3 pools, but from the comments on Discord and Twitter, I found that many people have the same experience as me. It seems that there are very few qualified users in this part.

SudoSwap's token distribution has an air of "we only need ourselves, not users".

Some users spent a lot of money to follow the tutorial frequently to brush and interact with high gas fees last year, and those who participated in donations were not considered. Hard-working users were turned back on SudoSwap...

In addition, most users also have doubts. From the perspective of token distribution, there seems to be a lot of overlap. For example, 9 million tokens are allocated to the initial team and 9 million tokens are allocated to SudoRandom Labs. Is there a large amount of overlap among these team members? If so, then The team will account for 30%. In addition, 41.9% is allocated to XMON token holders (the total number of XMON tokens is 10,000, and there are only 3,650 addresses currently held, so it is speculated that most of the XMON tokens are relatively concentrated, whether the team holds a large number of tokens Tokens), if so, then the combined team’s distribution ratio will reach at least 50%, which should be a distribution ratio that has not been seen in any project party so far. This wave of operations also made SudoSwap gradually move towards FUD. Although, the token has not yet been deployed, but judging from the situation today, everyone is not hopeful about it.