Ninjastic
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Board Tokens (Altcoins)
Re: [ANN][Private-sale] |DUSK Network| Fast, Anonymous, Secure Transmission of Data!
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DuskNetwork
on 22/10/2018, 08:56:27 UTC
Quote from: traveler007 on October 20, 2018, 07:25:48 PM
Quote from: DuskNetwork on October 19, 2018, 08:15:54 AM
Quote from: traveler007 on October 19, 2018, 07:36:26 AM
When coins will be trading at exchanges? You will distribute ERC tokens at first or investors must wait native coins and your own blockchain?

The exact listing date has not been announced. All of the tokens will be subject to Second-By-Second vesting. We will release the ERC20 equivalent token to the market first.

What this means "Second-By-Second vesting"? Can you explaine as I hear this first time  Huh And when private sale ends? You raised softcap already?

After the private is conducted 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.

More information on the ending of the privatesale will follow soon. The softcap has been reached Wink