Post
Topic
Board Tokens (Altcoins)
Re: [ANN][Private-sale] |DUSK Network| Fast, Anonymous, Secure Transmission of Data!
by
magisterr
on 12/10/2018, 00:30:05 UTC
Have any measurements been taking to prevent dumping after bonus release?

Yes, we are mainly looking for people who share the same longterm vision as we do. We have also removed any bonusses and implented a state of the art vesting system; Second-by-Second (SbS) vesting.

SbS works as follows;
We will deploy a smart contract which will vest allocations second by second. What this means in practice is that at any point a token investor wanted to release their tokens, they can make a call on the smart contract and then will have access to the total number of tokens that will have vested at that second.

As an example: after the lockup, tokens will be vested over 31,536,000 seconds (365 days x 24 hours x 60 minutes x 60 seconds). If they did it at exactly 6 months, they would receive half. If they did it at 1 day, then 10 days, then 57 days, and then every 3 weeks; they would receive the relevant whole tokens (rounded down) at each specific second.

But why you think people will want to do this? As usually investors need their tokens asap. Or there will be some bonuses for investors which prefer lock their tokens?

We want to make sure everyone that contributes is in for the longterm vision, just as we are. Hence we're only selling in private placement and are looking for people who can add value to the project! So far all of our investors have been super positive about the structure and feel like it suits the longterm vision of the project we all share.

Buy every participiants will have same lock-up period for tokens or differents?  Do you have some bonuses for long term investors (like in Pundi for example) ?