Swell Governance Token

Q: What is the total supply and distribution of the SWELL token?

A: SWELL has a maximum total supply of 10,000,000,000 tokens. The initial circulating supply will be up to 13% (1,300,000,000 tokens), rounded to the nearest whole percentage. This accounts for the Voyage airdrop (8.5%) and includes tokens allocated for market makers, exchange marketing, and initial DEX liquidity.

Here is a breakdown of the supply distribution:

1. Community (35% / 3,500,000,000 SWELL): This allocation supports the community and ecosystem, reflecting Swell DAO’s commitment to decentralization and community ownership. Key distributions include:Voyage Airdrop (8.5% / 850,000,000 SWELL): Given to early stakers and liquidity providers.Wavedrops (7%): A series of strategic airdrops over 12 months following the Token Generation Event (TGE).Launch Pools: 135,530,000 SWELL is allocated for launch pools and marketing to support listings on CEXs. The remaining portion focuses on strategic incentives for the performance of Swell L2, liquid restaking primitives, and the wider dApp ecosystem.
2. Team (25% / 2,500,000,000 SWELL): Allocated to current and future contributors and advisors with a 36-month linear vesting schedule and a 12-month cliff and lock-up.
3. Fundraising (25% / 2,500,000,000 SWELL): Reserved for early private investors who provided capital and support. These tokens have a 30-month linear vesting schedule with a 12-month lock-up.
4. Foundation (15% / 1,500,000,000 SWELL): Dedicated to strategic initiatives, such as Layer 2 expansion, product development, and ecosystem growth, to drive Swell’s long-term vision and sustainability.