Decentralized NFT marketplace Sudoswap is releasing its new governance token via an airdrop to community members.

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Sudoswap uses an automated market maker (AMM) to enable users to trade and swap NFTs through liquidity pools. The SUDO governance token will allow holders to participate in protocol governance.

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Holders of XMON, the native token behind the 0xmon NFT collection, will receive 41.9% of the Ethereum-based SUDO token’s initial supply of 60 million via a lockdrop event.

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“XMON holders will be able to lock their XMON as an indication of their commitment to participate in the governance of the sudoAMM protocol and receive SUDO,” a blog post read. For every XMON locked up, users will receive 10,000 SUDO tokens.

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0xmons NFT holders and retroactive liquidity providers will each receive 1.5% of the initial SUDO supply.

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With the remaining 55.1% of SUDO tokens, 25% will be allocated to the Sudoswap treasury; 15% will be given to the initial team members of Sudoswap; and an additional 15% will be distributed to SudoRandom Labs, the primary contributor to the sudoAMM protocol.

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The token will be non-transferable at first. According to the post, this is done as a measure to ensure SUDO does not go into circulation unless there is sufficient governance participation from SUDO holders.

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