SWN token is the native ERC-20 & BEP-20 token powering the Swene protocol. It's a utility and a governance token.
You are able to stake your SWN tokens to earn a high APY on your tokens. The amount of rewards given is decreasing over period of 2 years by a curved model ( not linear ) meaning the early stakers will benefit the most.
Benefits of staking
Staking SWN tokens unlock multiple benefits for the users of the protocol
Staking different amounts of SWN also makes you eligible for receiving rewards and participating in events, as well as Airdrops of our partnered projects.
New projects added (from selected projects) New developments (from selected developments) New design (from selected designers)
Staking SWN Tokens make you a part of our governance system, where decisions about the project can be made by the community reaching a consensus. The kind of decisions include but are not limited to:
Selection of new projects to be added to our partnered projects system
Paths of certain types of developments
Designs of the APP and not only ( starting from selection of designers to commission to the individual illustrations itself )
The total supply is 50 Millions distributed as follows:
20% (10M): Ecosystem – distributed as yield farming rewards.
18% (9M): Liquidity Generation Events – provided on different chains for each start of a liquidity generation event.
16% (8M): Institutional Investors – initially locked, this amount is reserved for the institutions.
16% (8M): Protocol Incentives – initially locked, this amount is reserved for the promotion of the protocol.
20% (10M): Team – initially locked, will be distributed within the team and gradually unlocked over four years.
10% (5M): Founders – initially locked, will be distributed within the founders and gradually unlocked over four years.