Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [SEND SDT] The consensus price token designed for everyday use
by
Send Protocol
on 02/08/2018, 21:27:29 UTC
What fate awaits for unsold tokens from the Token Distribution Process? Will they be locked up?   

After bonuses are calculated, unsold Tokens will be burned at the end of each day during the one year Token Distribution Process. 33% of total Token supply is available for distribution (private and public rounds). Remaining tokens are to be managed by or allocated to the Send Foundation (25%), WeSend Corporation (24%), rewards pool (10%), team and advisors (7%), and to cover distribution costs (1%), and are subject to linear vesting ranging from 3 months (advisors) to 7 years (Send Foundation, WeSend Corporation). Additional information is available at: https://www.sendprotocol.com/documents/economics.pdf.