Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ID] EVEREST - Elevating Humanity
by
cmdr1
on 25/09/2018, 15:07:04 UTC
What will be the total supply of EVERID tokens after ICO ends?

The total ID Token Supply is 800,000,000
•   38% for Seed, Pre-sale, & Bounty
•   37.5% for Strategic Partners, Team Members, Founders, Board Members, Advisors
•   24.5% in Reserve for future employees, other value exchange, and future sales


Whats the percentage  of tokens that will be locked?

These are the following lock-ups / vesting periods for EverID tokens:

·      2 years for tokens reserved for the Company (25% immediately after 6 month lock-up; remaining 75% vests monthly in equal amounts over the next 18 months)
·      1 year for Seed round participants (25% immediately; remaining 75% vests 25% quarterly over the next 9 months following 3 month lock-up) .
·      3-month lock-up for Pre-Sale participants (100% immediately following lock-up)

This will definitely prevent early dumps and space out the time between tokens getting on the market.

I didn't know that pre-sale tokens will also be locked up.

I think it's a good move to lock all tokens for atleast few months so team can work in piece.

does that affect the team? do they get more free time if tokens are locked?
It's done for the protection of crowdsale investors and to prevent price dumping

That is true. But what does it have to do with the team having more time?