ParaSwap has issued governance tokens and distributed them to the first users

A total of 150 million PSP tokens, 7,5 % of the total amount, will be distributed as part of the airdrop

16.11.2021 - 08:45

175

1 min

What’s new? The decentralized ParaSwap project has announced the release and airdrop of a new asset type namely PSP management tokens. The total issuance of tokens will be 2 billion, 150 million of which will be distributed to users.

RIP $WEN, long live $PSP 🔥🚀♥️🫂 #nowPSP https://t.co/FSiNGm5kVM https://t.co/eR6q3bCOOI pic.twitter.com/EqsfwvdWLn— ParaSwap (@paraswap) November 15, 2021

What features will the PSP have? Token holders will be able to take votes on important platform management issues. In addition, they will be able to withdraw tokens and use them for staking and revenue generation.

For categories of users other than airdrop participants, there is a lock-in of funds for a period of 2 to 3,5 years. The selection of participants was done manually. A total of 0,015% of the total number of addresses open on the platform participate in the airdrop.

Author: