Swell Governance Token Price
(SWELL)
USD($)
Swell Governance Token (SWELL) Live Price Chart
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Swell Governance Token Live Price Data
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Swell Governance Token(SWELL) Profile
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Contract
Ethereum 0x0a6E7B...676
Audited By
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Investors
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$0.069728
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$54.32M
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1.57B
10B
About SWELL
How can I buy Swell Governance Token (SWELL)?
What Is Swell Network (SWELL) Crypto?
Swell Network is a decentralized platform that lets you stake your Ethereum (ETH) and earn rewards without locking up your assets. When you stake ETH with Swell, you receive swETH tokens, which represent your staked ETH and can be used across various decentralized finance (DeFi) platforms. This means you can earn staking rewards while still having the flexibility to use your assets.
Additionally, Swell offers restaking options through rswETH tokens, allowing you to maximize your returns by participating in multiple staking opportunities. The platform is governed by the Swell DAO, where SWELL token holders can vote on important decisions, ensuring community involvement in its development.
How Does Swell Network Work?
Swell Network allows you to stake Ethereum (ETH) and earn rewards without locking up your assets. When you stake ETH with Swell, you receive swETH tokens, representing your staked ETH. These tokens can be used across various DeFi platforms, giving you flexibility while still earning staking rewards.
Additionally, Swell offers restaking options through rswETH tokens. By restaking your swETH, you can maximize your returns by participating in multiple staking opportunities. The platform is governed by the Swell DAO, where SWELL token holders can vote on important decisions, ensuring community involvement in its development.
History of Swell Network and SWELL Coin
Swell Network launched its mainnet on August 23, 2022. In March 2024, Swell announced plans to develop a Layer 2 rollup chain using the "restaked rollup" framework, with a mainnet launch expected in the second half of 2024.
On November 7, 2024, Swell introduced its native governance token, SWELL, with a total supply of 10 billion tokens.
Swell's roadmap includes integrating with the Optimism Superchain as an Optimistic Rollup built on the OP Stack.
What Is SWELL Token Used for?
The SWELL token serves multiple purposes within the Swell Network ecosystem:
1. Governance: You can use SWELL to participate in the Swell DAO, influencing decisions like protocol upgrades and strategic partnerships.
2. Restaking: By restaking SWELL, you receive rSWELL tokens, which help secure Swell's Layer 2 infrastructure and earn additional rewards.
3. Trading: You can trade SWELL tokens on exchanges like KuCoin, allowing you to buy or sell them based on market conditions.
What Is Swell Network Tokenomics?
The SWELL tokenomics are structured to support Swell Network's growth and decentralization:
> Total Supply: 10 billion SWELL tokens.
> Distribution:
1. Community: 35% (3.5 billion tokens) for initiatives like airdrops and ecosystem incentives.
2. Team: 25% (2.5 billion tokens) allocated to current and future contributors, with a 36-month vesting period and a 12-month cliff.
3. Fundraising: 25% (2.5 billion tokens) for private investors, subject to a 30-month vesting schedule with a 12-month lock-up.
4. Foundation: 15% (1.5 billion tokens) reserved for strategic initiatives, including product development and network expansion.
Swell Governance Token (SWELL) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $0.002856 | 8.66% |
| 7 Days | $-0.002882 | -7.80% |
| 30 Days | $0.02806 | 467.48% |
| 3 Months | $0.02806 | 467.48% |
24H Investment Barometer
24H
Neutral
The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning：Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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Swell Governance Token Conversion Rate
FAQ
How much is 1 Swell Governance Token (SWELL) worth?KuCoin provides real-time USD price updates for Swell Governance Token (SWELL). Swell Governance Token price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time SWELL to USD exchange rates.
Is Swell Network (SWELL) a Good Investment?
The following features make Swell Network a compelling option for those looking to engage in Ethereum staking and DeFi activities:
1. Governance Participation: Holding SWELL allows you to influence protocol decisions, such as upgrades and strategic initiatives.
2. Restaking Rewards: By restaking SWELL, you receive rSWELL tokens, which help secure Swell's Layer 2 infrastructure and earn additional rewards.
3. DeFi Integration: Swell's liquid staking tokens, like swETH, integrate with various DeFi platforms, enabling you to maximize returns through additional yield opportunities.
4. Security and Transparency: Swell employs robust security measures, including audits and decentralized infrastructure, ensuring the safety of your assets.
What Is Swell Network Price Prediction?
Understanding these factors can offer you clarity about the SWELL price prediction:
1. Market Demand: Increased interest in liquid staking and DeFi can boost demand for SWELL, potentially raising the Swell Network price.
2. Protocol Developments: Updates or enhancements to Swell Network's features can attract more users, positively impacting the SWELL token price.
3. Staking Rewards: Attractive staking incentives may encourage more users to hold SWELL, reducing supply and potentially increasing the SWELL to USD price.
4. Market Sentiment: Positive news or partnerships can enhance investor confidence, influencing the token's market performance.
How to Restake SWELL Tokens on Swell Network
To restake your SWELL tokens on Swell Network, follow these steps:
1. Access the Swell App: Visit the Swell Network website and launch the app.
2. Connect Your Wallet: Use a compatible wallet (e.g., MetaMask) to connect to the Swell app. Fund your wallet by buying Swell Network tokens on KuCoin and transferring them to it.
3. Navigate to the 'Restake' Section: Within the app, go to the 'Restake' tab.
4. Deposit SWELL Tokens: Enter the amount of SWELL you wish to restake and confirm the transaction.
5. Receive rSWELL Tokens: After restaking, you'll receive rSWELL tokens, representing your restaked SWELL.
6. Earn Rewards: By holding rSWELL, you contribute to securing Swell's Layer 2 infrastructure and earn additional rewards.
What is the all-time high price of Swell Governance Token (SWELL)?
The all-time high price of Swell Governance Token (SWELL) is $0.069728. The current price of SWELL is down -- from its all-time high.
How much Swell Governance Token (SWELL) is there in circulation?
As of 11 21, 2024, there is currently 1.57B SWELL in circulation. SWELL has a maximum supply of 10B.
What is the market cap of Swell Governance Token (SWELL)?
The current market cap of SWELL is $54.32M. It is calculated by multiplying the current supply of SWELL by its real-time market price of $54.32M.
How do I store Swell Governance Token (SWELL)?
You can securely store your Swell Governance Token in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your SWELL include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert BONK (BONK) to cash?
You can instantly exchange your BONK (BONK) for cash using KuCoin's Fast Trade feature. This feature enables you to convert BONK to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
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2024-11-22 00:59:44 (UTC+8)
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