Private sale token vesting optimized to reduce the concentrated impact on supply

Private sale token vesting optimized to reduce the concentrated impact on supply

Wootrade sheds a transparent light on the changes being made to the private investor token unlocking schedule.

Wootrade’s private sale was an important part of bootstrapping Wootrade and its ecosystem. These investors took on the early risk and allowed Wootrade to expand quickly. However, private investor selling pressure is one of the biggest concerns that retail investors have when evaluating new projects. To alleviate issues with concentrated selling pressure, Wootrade has made adjustments to the vesting schedule. Rather than having one large unlocking event on the final day of the month, Wootrade developed a dApp that allows tokens to be vested per block and claimed sporadically at the discretion of the investor.

These changes started from December 31, 2020:

  • Private sale and seed tokens are released with the help of smart contracts on a block by block linear vesting schedule,
  • Investors must claim tokens via the dApp according to their own schedule and preferences,
  • More than half of the tokens allocated for private sale rewards have been distributed already. These rewards will be fully vested by the end of Q1, 2021.
The chart on the official website reflects the old version of monthly unlocks.

Stay updated with Wootrade’s latest news:

Website: https://woo.network/

Twitter: https://twitter.com/wootraderS

Telegram: https://t.me/wootrade

Medium: https://medium.com/wootrade

Read Next

We use cookies to improve your experience. To find out more, please read our Privacy Policy. By clicking "Accept", you consent to our cookie and Privacy Policy. Or you may click “Decline”to refuse to consent.

Stay Connected

WOO Network connects traders, exchanges, institutions, and DeFi platforms with democratized access to the best-in-class liquidity and trading execution at zero or low cost.

Terms of Service Privacy Policy Information Security Statement