SEND is the native token of SuiLend, a lending protocol on the Sui ecosystem. Designed to incentivize long-term participation, SEND introduces a community-focused economic model.
How Is SEND Token Distributed?
With a total supply of 100 million tokens:
65% is allocated to the community.
40% of the supply is distributed via the Mdrops airdrop mechanism, rewarding early supporters and holders of associated NFTs.
What Is the Mdrops Airdrop Mechanism?
The Mdrops model encourages long-term holding through an initial penalty system. This innovative approach promotes stability and gradual maturity in token distribution.
Why Does SEND Token Stand Out in DeFi?
By prioritizing community engagement and stability, SEND sets a new standard for sustainable tokenomics in decentralized lending.
What Is SEND Token Economics and Why Is It Revolutionary? - I hope this article was informative.
