Swell: 125 million Swell tokens will be released in Wavedrop 3 and there will be no more points

Swell has released an update called Wavedrops, which reveals that 125 million Swell tokens will be released in Wavedrop 3 without any points. Only tokens will flow into users' wallets through a new reward mechanism, replacing Black Pearls and Ecosystem Points. These points will stop accumulating from December 17th and will be tracked on-chain as wSWELL for Wavedrop earnings. Like Wavedrops 1 and 2, wSWELL can be obtained by holding Swell assets or using approved DeFi protocols. At the end of each Wavedrop, wSWELL can be exchanged for SWELL or discounted amounts even earlier.