Sweat users can vote on whether to recover the tokens and transfer them to the protocol’s treasury for a potential future distribution. The vote will also decide what the Sweat Foundation will do with them in the future, including “burning a percentage, funding operational costs, or supporting future product launches,” the blog post said.
Related posts
-
EigenLayer Launches Airdrop Season, Allowing Users To Claim 113M EIGEN Tokens
Restaking protocol EigenLayer has unveiled its highly anticipated airdrop season, during which eligible users can claim... -
U.S. House’s McHenry Says Bill on Crypto Market Structure Will Get Floor Vote
The bill, which had also been approved by the House Agriculture Committee, is the “culmination of... -
Demand for Meme Tokens Is Stronger Than Ever, Data Shows
“In principle, people participate in meme coins because (i) the value might go up, (ii) they...