so the value of the hard cap has been increased at the request of the partners ,nice move the project is going well team have to think big, i do not like that the price of the token has also been increased
What was the reason for the partners to demand the increase? They got a discount and now everyone else should pay more or will there be more tokens available?
The reasons are stated in the following article;
https://medium.com/dusk-network/dusk-network-sale-update-6bcbeeef0b1fNo one has received a discount. Everyone is subject to the same token price of $0,0576.
good to hear, (private) presales suck for regular investors as presale investors dump their bag the moment it hits an exchange.
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.
There will be no way to dump your full allocation within 12 months.