Updated Swell Information on May 24
Swell, a liquid staking solution developing its own layer-2, announced adjustments to airdrop allocation and token launch timing.
According to the update on May 23, Swell is currently completing the necessary procedures for its first token issuance event (TGE). Although it is still not possible to reveal the exact time of TGE, the project only revealed that it will take place in the next few weeks.
Swell is also thoroughly testing to ensure users' rswETH withdrawals are smooth. According to the original plan, Swell will open for users to withdraw assets around April. To compensate for the wait, Swell decided to increase the first season airdrop allocation (The Voyage) from 7% to 8%.
The project is also developing different reward mechanisms to appreciate the community. However, sybil wallets will be excluded from the airdrop list.