Re: [ANN]|DUSK Network| Privacy-oriented chain specifically for Digital Securities!
Full Token Release Schedule
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Months have passed since our private sale concluded on the 30th of Nov, 2018. At that time we constructed our vesting schedule, with a linear vesting contract running from Dec 1st, 2018 until Nov 30th, 2019. In the last few days we have received overwhelming support from our private sale participants who have all agreed to reset their vesting terms to match the BEP-2 Schedule. This means that all the ERC-20 tokens now also start their vesting at July 1st, until Nov 30th.
On the one hand it is fortunate that they have agreed to reset the starting date to July 1st. Not doing so would have meant over half the private sale supply would immediately be available on the market.
On the other hand, the original vesting period was one year, now it is reduced to less than half a year. Effectively the token release rate has more than doubled. Look at the diagram how steep that is!
The current schedule may be a compromise, but it significantly changes the tokenomics and market behavior compared to the original schedule.
Could an agreement to move the vesting schedule rather than shrinking it not be reached?