XMON Token Experiences a Short-Term Slump in the Wake of XMON Pledge Release

03/02/2023 05:33 • Metaverse & Beyond • 78 views

It is reported that, according to Paidun data, XMON, the native token built by Sudoswap developer 0xmons for summoning neural network to generate pixel monster NFT platform, experienced a short-term slump of more than 90%. According to coingecko data, the current XMON has dropped from $25000 to $3666.92, with a decline of 85.3% in the past 24 hours. The community user @ lumpsugar53 said it might be related to the release of XMON pledge. In addition, the future XMON token is likely to have nothing to do with Sudoswap governance. In January of this year, Sudoswap released the governance token SUDO and launched lock-in and airdrop. Early sudoAMM LP (only limited to the transaction pool) and 0xmons NFT holders (before the snapshot date) were eligible to obtain SUDO airdrop, while XMON holders could obtain SUDO tokens through lock-in activities. After that, after being locked for 1 month from the contract deployment, each locked XMON could obtain 10000 SUDOs.

Or a short-term slump of more than 90% due to pledge unlocking of XMON

Interpretation of the news:

The XMON token, which was built by 0xmons for summoning neural networks to generate pixel monster NFT on the Sudoswap platform, has experienced a short-term slump of over 90%. According to Paidun and coingecko data, XMON has dropped from $25000 to $3666.92, exhibiting an 85.3% decline over the past 24 hours. The community user @lumpsugar53 has speculated that the slump may be related to the release of XMON pledge.

It is noteworthy that the future XMON token is expected to have no connection with Sudoswap governance. Sudoswap released the governance token SUDO in January of this year, along with lock-in and airdrop features. Early sudoAMM LP and 0xmons NFT holders were eligible for the SUDO airdrop, while XMON holders could participate in lock-in activities to earn SUDO tokens. Upon the expiration of a 1-month lock-in period from contract deployment, each locked XMON was eligible to receive 10,000 SUDOs.

The current slump of XMON token may affect the overall ecosystem of Sudoswap, especially the neural network capabilities used to generate pixel monster NFTs that require XMON tokens. However, there is a streak of optimism as well. Without a connection to Sudoswap governance, XMON might recover in the near future. Despite this, the current fall of XMON tokens is significant, and it may discourage investors from being a part of Sudoswap in the short run.

The Sudoswap ecosystem has been developing rapidly in the past year, mainly thanks to its potential to generate pixel monster NFTs with the help of neural networks. As such, XMON plays a crucial role, as its tokens are used to summon the neural networks necessary for the generation of pixel monsters. It remains to be seen whether the release of XMON pledge will have lasting effects on the Sudoswap ecosystem. The 0xmons team has not made any official statement regarding the situation yet, and the community remains speculative as to how it will unfold.

In conclusion, the slump of XMON tokens in the wake of XMON pledge release is a noteworthy development in the Sudoswap ecosystem. It is also a compelling reminder of how linked crypto-governance ecosystems can be. Keywords that best describe the message are XMON, Sudoswap, and neural network.

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XMON Token Experiences a Short-Term Slump in the Wake of XMON Pledge Release

Or a short-term slump of more than 90% due to pledge unlocking of XMON

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