SwapX has allocated 5.55% as a reward for both the original minters of xNFTs and those who participated in the referral system linked to the SwapX-XNFT Founders fundraising.
1,500,000 SWPx to XNFT minters.
712,500 SWPx to the XNFT referral system.
Distribution of tokens for XNFT Airdrop:
60% in veSWPx claimable at launch
40% in SWPx, with a cliff of 2 epochs and then vested daily, linearly, for 90 days.
The xNFT collection consisting of 3,000 NFTs, as a unique blend of innovation and inclusivity in the digital space. These NFTs provide access to numerous opportunities.
During the private sale, xNFTs were offered at a discounted price of 0.16 ETH on a first-come, first-serve basis. The maximum purchase was 10 NFTs per wallet. Despite being planned as a three-phase sale, the entire collection of 2,850 xNFTs sold out in less than two hours, becoming one of the most successful million-dollar NFT collections sale.
The fundraising occurred on the Binance Smart Chain and was bridged to Sonic by the SwapX team.
By purchasing xNFT, holders received a share of the swap fees revenue from SwapX:
Months 1–3: 20% of total swap fees
Months 4–6: 15% of total swap fees
Months 7 and onwards: 10% of total swap fees
Original minters are also entitled to earn 3% royalties on all secondary sales of their XNFT, indefinitely. Each xNFT purchase has qualified for an airdrop of SWPx tokens based on rarity: platinum, gold, or rainbow.
Platinum (10 NFTs): 10,000 SWPx (0.35% chance)
Gold (100 NFTs): 5,000 SWPx (2.85% chance)
Rainbow (2,740 NFTs): 328 SWPx (96.80% chance)
The airdrop totaled for minters is 1,500,000 SWPx.
5% of XNFTs, specifically rainbow rarity, is allocated to the core team. These allocations are excluded from rarity-based airdrops and bonuses. Additionally, team XNFTs will not be staked for the first 12 epochs to prioritize rewards for initial minters.
For the first 12 epochs, the treasury allocation will be redirected to original XNFT minters, adding 681,690 SWPx to their rewards.
