Ohad, agree we need to weigh it against the consequence of releasing a lot of unlocked tokens -- which will probably result in the market price falling.

But this will happen regardless of the price for which tokens are sold. The affect of the new unlocked tokens on market price is a function of the number of tokens released, NOT the price.

Selling the tokens for below market price benefits the purchasers (and conversely, hurts the seller). But once sold, the original price is a sunk costs as economists say, and all that matters is the *number* of tokens released to the market.

Now I admit there will probably be a small psychological effect, where people who buy well below market price might be encouraged to take a profit now instead of waiting. But this should be a small effect compared to the affect of simply increasing supply.

For that reason, I think it makes sense to offer an especially large discount for buying locked tokens (but of course, at some point those have to be unlocked, and they will affect the market).

But I still think that it's bets for everyone if you sell the limited number of tokens you are going to sell at the June prices.


BTW, you also didn't clarify whether the discount rates for bulk purchases would apply. I think that to be fair, they should.