Swell Network Listing On HTX: Trading Begins From November 7

Swell Network Listing On HTX: Get Ready to Trade From November 7

HTX is set to list SWELL (Swell Network), with trading beginning soon. The Swell listing date is officially marked for November 7, 2024, with deposits opening on November 6 at 09:00 UTC. Swell Network news highlights that spot trading (SWELL/USDT) will commence once deposit volume meets market demand, with an official announcement to follow. Withdrawals are scheduled to open on November 9 at 10:00 UTC.

Swell Token Distribution and Airdrop Details

The Swell Network token has a total supply of 10 billion, with an initial circulating supply of up to 13% (1.3 billion). This includes the Swell airdrop claim under the Voyage campaign, which accounts for 8.5% (850 million SWELL). Here’s how the Swell token distribution breaks down:

• Community (35%): 3.5 billion tokens aimed at decentralization and growth through the Swell Network Airdrop, strategic campaigns, and ecosystem support.

• Voyage Airdrop: Early stakers receive 850 million SWELL.

• Wavedrops: Ongoing airdrops (7%) distributed over 12 months post-Token Generation Event.

• Team (25%): 2.5 billion tokens vested over 36 months with a 12-month lock-up.

• Fundraising (25%): 2.5 billion tokens reserved for private investors with a 30-month vesting period.

• Foundation (15%): 1.5 billion tokens for strategic initiatives such as Swell L2 expansion and ecosystem growth.

Important Points About the Swell Launch on HTX

HTX advises users to perform thorough risk assessments due to potential high price volatility in newly-listed tokens. Additionally, any market orders placed outside 90-110% of the last price will be canceled to mitigate slippage. 

Furthermore, Swell is also listing on KuCoin on the same day. KuCoin will officially list Swell Network (SWELL), further expanding its DeFi offerings and bringing Swell’s innovative protocol to a broader audience.