ParaSwap Launches Token Amid Controversy, Why Some Users Were Excluded

ParaSwap Launches Token Amid Controversy, Why Some Users Were Excluded


Decentralized exchange ParaSwap has joined the ranks of DeFi platforms that launch their native governance token, PSP, via an airdrop. In most cases, these events cause a lot of hype in the community, as users are rewarded for supporting the platform.

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The ParaSwap airdrop was not an exemption with many users jumping into the platform to qualify and receive the funds in PSP. However, the platform employed a new logic to distribute its native token.

Unlike Uniswap, a decentralized exchange that sends every user that ever interacted with their smart contract a portion of their governance token, UNI, ParaSwap took a different approach. By making a tradeoff between more decentralization or

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