SudoSwap, an NFT marketplace, has launched its native governance token called SUDO with an airdrop of coins to early supporters. The airdrop will reward liquidity providers (LPs) on the platform, as well as XMON holders. XMON is the native token of the 0xmons ecosystem, which was created by the SudoSwap founders, and it includes an NFT collection. Those who lock their tokens for one month will receive 10,000 SUDO tokens for every XMON coin locked. The initial airdrop distribution will be non-transferable, but the decentralized autonomous organization (DAO) created by virtue of the token launch will vote to unlock the ability to transfer these tokens. This move comes at a time when the NFT market seems to have reversed the downtrend that characterized most of 2022, as NFT trading volume on Ethereum has been on the up for five weeks in a row. This uptick in NFT volume has also come amid a general resurgence in the crypto market as the total capitalization has crossed the $1 trillion mark. Crypto prices have also gained ground since the start of the year.
