ParaSwap exchange distributed its own tokens worth $ 270 million for free

The first 20 thousand users of the trading platform received PSPs for an average of $ 13.5 thousand. The decentralized exchange ParaSwap has issued its own PSP token and distributed 7.5% of its emission among …

The first 20 thousand users of the trading platform received PSPs for an average of $ 13.5 thousand.

The decentralized exchange ParaSwap has issued its own PSP token and distributed 7.5% of its emission among the 20 thousand first users of the trading platform. The total supply of altcoins is 2 billion, according to The Block . The first users of the site received coins worth about $ 270 million (an average of $ 13.5 thousand for each).

PSP is currently listed on ParaSwap for about $ 1.8. Token holders will be able to take part in voting on the development of the project.

51% of PSP tokens will remain in the ParaSwap ecosystem. 10% of digital coins will be placed in the reserve, 14% of PSP will be received by early investors, another 2.4% of tokens will be received by preliminary investors and consultants. The core team of ParaSwap creators will receive 17.6% of the tokens. 5% PSP will be available to future members of the trading platform team.

The ParaSwap exchange was launched in September 2019. On November 15, daily trading volumes on the site are $ 92.7 million, according to Dune Analytics.

Leave a Comment