Post
Topic
Board Tokens (Altcoins)
Re: [ANN][Private-sale] |DUSK Network| Fast, Anonymous, Secure Transmission of Data!
by
viljy
on 23/10/2018, 11:15:23 UTC

Basically we foresee plenty of options to migrate the vesting to the mainnet currency after the token swap moment, so that we do not have to continue vesting an ERC20 for x months after it's no longer relevant, we also foresee we can do this without impacting any privacy or disclosing user info.

Perfectly. That is, you can be sure that you will not require KYC before swap.


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.

Also, I do not quite understand this point: the remaining 500,000 tokens can be withdraw only after a year?