Ninjastic
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Board Tokens (Altcoins)
Re: [ANN][Private-sale] |DUSK Network| Fast, Anonymous, Secure Transmission of Data!
by
Frank37
on 22/10/2018, 17:12:14 UTC
Quote from: loup on October 22, 2018, 12:31:05 PM
Quote from: king_of_alts on October 22, 2018, 12:15:43 PM
Quote from: viljy on October 22, 2018, 11:14:39 AM
Quote from: DuskNetwork on October 22, 2018, 08:56:27 AM

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

That is, tokens can actually be taken away completely in a year? Does this mean that there will be swap tokens for coins only after this moment?

Yes, after a year all tokens will be unlocked.
It would make some sense to swap only after this lock up period but maybe they will leave open the option to swap for a long time and decide to swap before the year ends.
Many of last year's quick hands are already out of the market but still its too much time.

But with the next bullrun much more people which now know the words Bitcoin and Blockchain from the media will enter the market.
And with them many weak hands will come again, so there is no chance to get rid of them.