Swell Network Releases Airdrop Checker

Swell Network, an Ethereum liquid staking platform, has released the initial airdrop allocations for its upcoming SWELL token, but a token launch date is yet to be revealed.

SWELL will have a total supply of 10 billion tokens, of which Swell Network has allocated 850 million SWELL to its "Voyage" airdrop campaign, which is 8.5% of the total supply. Eligible users can check their allocations here.

SWELL tokens confer governance rights and can be restaked to secure Swell's forthcoming Layer 2 network. Restakers will be rewarded with additional incentives such as Black Pearls and Symbiotic Points.

In an effort to ensure a fair distribution, Swell has instituted vesting for the largest holders of White Pearls, which make up the top 0.3%. Swell boasts nearly $1.3 billion in total value locked (TVL), according to DeFiLlama, with most assets deposited in the pre-farming campaign for its Layer 2.

SWELL Claim Process

Swell took a snapshot on July 30 for the Voyage airdrop, enabling eligible participants - those who have accumulated White Pearls - to claim their SWELL tokens.

For token holders with smaller amounts of White Pearls, there is an option to defer claiming until after the launch of Swell’s L2 infrastructure, which would offer reduced fees compared to Ethereum mainnet.