Proposal to Enable $SUDO Transferability Will Be Voted Again After First Proposal Fails to Pass Quorum

A new proposal is submitted for community vote to enable $SUDO transferability after the first one failed to pass quorum earlier this month.

Popular non-fungible token (NFT) marketplace Sudoswap airdropped its $SUDO tokens to users in January. However, the tokens are initially non-transferrable.

As per the $SUDO announcement blog (https://blog.sudoswap.xyz/sudo-distribution.html): “SUDO will initially be non-transferable. A governance proposal to initiate transferability may be put forward through the standard governance process for the sudoAMM protocol, which will be addressed at a later time. This is done as a measure to ensure SUDO does not go into circulation unless and until there can be assurance that there will be sufficient participation from SUDO holders in governance.”

A previous proposal to enable the transfer was voted in early February. Despite the majority voting yes, the proposal failed to reach the quorum of 2.4 million $SUDO, with only 2.01 million votes. The newly created proposal will start voting on 16 February.