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Cex bets on SWELL: on Launchpools the NEW token!
By Davide Grammatica
Several exchanges have announced the launch of the Swell token (SWELL) on their Launchpools. More than 100,000,000 tokens are up for grabs.
SWELL lands on Launchpools
Exchanges Bitget and Bybit have announced the landing of the Swell token (SWELL) on their Launchpools, for a total offer of more than 100,000,000 SWELL to users willing to stake their tokens.
They will be able to do so from Nov. 7 until the 14th of the same month, to bet on the restaking project’s native token on Ethereum.
The pools available for Bitget will be his. For the former, for users who want to lock their BGB tokens , 16,000,000 SWELL will be allocated, while the latter (for those who want to use USDT) will count 3,500,000 SWELL. The token airdrop will be calculated based on the value blocked by each participant, with rewards proportional to the amount staked. There will be a minimum of USDT 5 and a maximum of USDT 2,000 that can be blocked.
The quota available for Bybit users, on the other hand, will be 90,000,000 SWELL, divided among three different pools. Users will indeed be able to block their SWELL, USDT, or MNT.
Interest falls on SWELL
Swell Network consists of a decentralized protocol that aims to simplify staking operations on Ethereum. A user experience that focuses on simplicity wants to allow even less experienced users to approach liquid staking, which, however, traces the dynamics of the classic process. “swellETH” tokens are received in exchange for ETHs placed in staking, and allow users to earn additional rewards in the DeFi ecosystem through additional applications.
Just recently, Swell migrated onto the Optimism Superchain, an Ethereum scaling solution that aspires to become a benchmark in the ecosystem through OP Stack.
