Post
Topic
Board Tokens (Altcoins)
Re: [ANN][Private-sale] |DUSK Network| Fast, Anonymous, Secure Transmission of Data!
by
DuskNetwork
on 23/10/2018, 08:53:37 UTC
well, good news the soft cap has been reached, so the tokens bought by investors in the private sale will be blocked for a year and then they will can be unlocked through smart contract, personally it seems a little long block...

That's not correct. Any investor will be able to withdraw from the contract at any time. However the contract will only release a certain amount of tokens at a time proportional to the total amount. So if you purchased 1,000,000 tokens you'l be able to withdraw 500,000 of them after 6 months. Only the team has a lockup period of 12 months and after that they'll be subject to the Second-by-Second vesting contract.