Re-Locking using DxLock
We are locking over $1M value in our token locker today!
At current time, our team is under control of the following wallets.
Liquidity wallet (0xff2f36a06c1467d20a22e4776e1b66123d77276d):
- Containing 7.18M SALE Tokens
- Wallet used to provide liquidity for listing agreements with exchanges such as Hotbit, Bilaxy and anything else in the future.
Team Wallet (0x4cdb52563c2c3fcdf37fca7911899a24f0b01325):
- Containing 5.808M SALE Tokens
- Team tokens for paying employees and monthly benefits or services to freelancers, marketers, AMAs, competition.
Private Investor Wallet (0x1a92b27768922b883c31309916fbfef1498cc79f):
- Containing 5.0M SALE Tokens
- Seed Investors in the private sale of DxSale.
Future Funding (0xd2628cf4eb8e24c56cc244f7435bf3e4a76c7554):
- Containing 30.0M SALE Tokens (Already locked until November 2021)
- Half of these will be burned upon unlock and rest will be locked for an extended period of time based on market dynamics.
- As the price has moved significantly we have unanimously agreed to lock these tokens and increase vesting periods for their release. Private investors have also agreed to a vested release of funds. We will be locking these tokens via DxLock using the following schedule.
- Will have a community vote to decide use of these tokens. Currently these tokens are set aside to provide liquidity to exchanges as we list with them.
- One developing idea among the team is to use a portion of these tokens to bridge across to other chains and raise and lock liquidity.
- 5 million tokens of the available 5.808M tokens will be locked
- Vesting period of 2 weeks (2% per vest — 100,000 Tokens Biweekly)
- Final date of release January 22,2023
- 5 million tokens will be locked for an additional 6 months
- Once these unlocked they will be locked again in a vesting schedule to be determined at time of unlock.
Tokenomics based on the new schedule:
30M tokens with a planned burn of 15,474,771 as soon as they unlock in November 2021! Will be relocked immediately with a vesting schedule based on market dynamics.
Total Supply: 53,279,540 Tokens
89,683,486–15,474,771 (Burn from future funds) — 20,929,175(Current Burned)
Circulating Supply: 21,574,311
53,279,540–14,525,229 (Future funds that won’t be burned) — 5,000,000 (Private funds) — 5,000,000 (Team Wallet) — [7,180,000 (Liquidity wallet — decided by community)]
Effective Circulating Supply: 18,979,539