Key Takeaways:
- SWELL/USDT Claims open at 9:00 AM UTC on Thursday, November 7th, 2024.
- The total supply of SWELL is 10,000,000,000.
- Maximize your airdrop by claiming it as rSWELL (restaked SWELL) and depositing in the Swell L2 Pre-Launch.
- Details about Swell Network and its Proof of Restake mechanism in Introducing Swell Network: A Deep Dive into Proof of Restake in DeFi by WEEX.
The countdown is over! SWELL token claim is now live. Starting at 9:00 AM UTC on November 7th, 2024, SWELL token holders can claim their airdrops in the Swell L2 ecosystem. Paired with USDT for liquidity on CEXs and decentralized platforms, SWELL/USDT trading marks a pivotal step for Swell DAO and its decentralized staking vision.
Here’s everything you need to know about the claim process, the benefits of SWELL/USDT, and how to maximize your airdrop.
Key Details of SWELL-USDT Airdrop
- SWELL-USDT Claim Opening: 9:00 AM UTC on November 7th, 2024.
- CEX Listings: SWELL/USDT trading begins at 10:00 AM UTC on major platforms including WEEX.
- SWELL Token Spot Trading Link: SWELL-USDT
- Voyage Allocation: 7% (700,000,000 SWELL) will be distributed linearly to Voyagers based on their White Pearls. An additional 1.5% rewards loyal stakers via a Loyalty Bonus.
- Claim Deadline: Open for 6 months, after which unclaimed tokens return to the DAO treasury.
- Claim Link: Swell Voyage Claim Portal. (Avoid phishing attempts—this is the ONLY official link.)
What are Swell Network and SWELL/USDT?
Swell Network is a non-custodial staking platform dedicated to providing an exceptional liquid staking and restaking experience, streamlining access to DeFi, and enhancing the security of Ethereum and restaking services.
Through Swell L2, users can generate passive income by staking or restaking their ETH, earning both blockchain rewards and restaked AVS incentives. In return, they receive a yield-bearing liquid token (LST or LRT), which can be held or used within the broader DeFi ecosystem to unlock additional earning opportunities.
SWELL-USDT is the native governance token of Swell DAO, powering the development, growth, and maintenance of the Swell Protocol. Swell L2 is the leading Layer 2 restaking platform offering native liquid staking and restaking for Ethereum and Bitcoin.
Beyond governance, SWELL is integral to securing Swell L2’s infrastructure and decentralized applications through EigenLayer protocols. Holders can participate in governance, stake their tokens, and earn yield by converting them into rSWELL, the liquid restaking version of SWELL.
Role of SWELL and SWELL-USDT in the Swell Ecosystem
SWELL: Governance and Infrastructure Security Token
SWELL is the native token of the Swell DAO, responsible for the protocol’s governance, development, and ecosystem growth. Beyond governance, SWELL is a vital component of Swell L2’s infrastructure, as it secures the network through restaking protocols like EigenLayer and Symbiotic. Users can stake their SWELL to earn rewards and participate in network governance decisions, directly influencing the future of Swell L2.
SWELL-USDT Airdrop Opportunity
For early adopters, SWELL’s airdrop presents a lucrative opportunity to earn accelerated rewards by claiming the airdrop as restaked SWELL (rSWELL). Here are the advantages of holding rSWELL:
- Enhanced Rewards: By holding rSWELL, users earn rewards up to 10 times faster in Black Pearls and 15 times faster in Ecosystem Points. This translates into a higher yield, encouraging users to actively participate in securing Swell L2.
- Liquidity and Flexibility: rSWELL can be unstaked with a 3-day cooldown period, allowing users to remain flexible in their DeFi activities while benefiting from staking rewards.
- Future Yield Potential: With rSWELL, users will have access to future restaking yield opportunities, further enhancing their earnings potential as Swell L2 grows.
SWELL Tokenomics: Supply and Distribution
- Total Supply: 10,000,000,000 SWELL.
- Initial Circulating Supply: Up to 13% (1,300,000,000 SWELL).
- Allocations:
- Community: 35% (3.5 billion SWELL) for decentralization and ecosystem incentives.
- Team: 25% (2.5 billion SWELL) with a 12-month cliff and 36-month vesting.
- Fundraising: 25% (2.5 billion SWELL) for private investors with a 30-month vesting period.
- Foundation: 15% (1.5 billion SWELL) for strategic initiatives like L2 expansion and ecosystem growth.
Why Trade SWELL/USDT?
1. Liquidity and Accessibility
The SWELL/USDT pair ensures liquidity for users to trade SWELL tokens conveniently while participating in governance and staking initiatives.
2. Growth Potential
As the leading token in the Swell ecosystem, SWELL’s adoption is expected to grow alongside Swell L2’s expanding ecosystem. Paired with USDT, a stablecoin, it offers a balanced entry point for investors.
3. Future DeFi Opportunities
SWELL can be restaked as rSWELL to unlock additional rewards and participate in Swell L2’s decentralized infrastructure. With a robust liquidity pool supported by USDT, SWELL/USDT is poised to attract a broader DeFi audience.
Maximizing Your Airdrop with rSWELL
To unlock the full potential of your airdrop, claim your SWELL as rSWELL and deposit it in the Swell L2 Pre-Launch. Here’s why:
1. Enhanced Rewards
- Earn Black Pearls at a 10x rate.
- Accumulate Ecosystem Points 15x faster when deposited in Swell L2.
- Future eligibility for Symbiotic Points and restaking yield.
2. Liquidity and Flexibility
- rSWELL remains liquid while participating in network security.
- Unstake anytime with a 3-day cooldown period.
3. Governance Participation
- Both SWELL and rSWELL grant governance rights in Swell DAO, allowing holders to vote on key proposals that shape the protocol’s future.
How to Buy SWELL/USDT: A Step-by-Step Guide
Now that you understand the details about Swell L2 and SWELLUSDT token, let’s walk through how to buy SWELL/USDT tokens. The first step for buying cryptocurrency is selecting a trusted platform where you can purchase or trade the token. Here’s a simple guide to get you started:
- Create an Account: Sign up for a WEEX account by logging in the official website.
- Complete Verification: Secure your account by completing the necessary identity verification steps.
- Deposit Funds: Add funds using your preferred payment method.
- Search for SWELL: Use the search function to find SWELL token on WEEX.
- Place Your Order: Select the amount of SWELL/USDT token you want to buy and submit your order.
- Confirm Purchase: Review your details and confirm the purchase.
Why Choose WEEX for Cryptocurrency Trading?
WEEX Exchange is a leading cryptocurrency trading platform known for its user-friendly interface, advanced trading tools, and commitment to security. Whether you’re a beginner or a seasoned trader, WEEX offers a seamless trading experience with support for various cryptocurrencies, including BTC/USDT, WXT/USDT , SWELL/USDT and other numerous altcoins. Beyond trading, WEEX is dedicated to educating its users, making it a trusted resource for those looking to stay informed in the fast-paced world of crypto.
Users choose WEEX for its deep liquidity, low slippage, and high trading efficiency, even during market volatility. The platform also provides a user-friendly interface, 24/7 customer support, and innovative features like copy trading, which allows users to follow professional traders and potentially enhance their trading success.
Final Thoughts: Embrace the Future with Swell L2 and SWELL-USDT
Swell L2’s Proof of Restake represents a revolutionary shift in Layer 2 architecture, combining the best of staking, DeFi, and Ethereum security to drive a vibrant and secure ecosystem. With SWELL and SWELL-USDT, users gain access to native yield, high returns on restaked assets, and governance opportunities within the Swell DAO.
As the network gears up for its official launch, now is the time for investors, builders, and DeFi enthusiasts to get involved and maximize the potential of their assets in the Swell ecosystem. Whether through staking, restaking, or governance participation, Swell L2 and its tokens offer a dynamic platform for unlocking the next wave of DeFi innovation.
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