By: Geeq on Aug 31, 2021
As you may be aware our current tokenomics has the following planned distribution.
Token Release Schedule
7% Founders ~ Locked until a successful mainnet is launched, estimated: 1 year after the TGE (Token Generation Event). Then vested for 12 months.
5% Advisors ~ Locked until a successful mainnet is launched, estimated: 1 year after the TGE. Then vested for 12 months.
11% Team ~ Locked for 1 year, then vested for 12 months.
9% Marketing ~ Locked for 6 months, then vested for 24 months.
1% Hybrid Seed Round ~ Locked for 6 months after TGE.
The mainnet was estimated to be 1 year after token launch which would mean these token releases were due to begin this month.
The team wants to confirm that:
~ Founder and advisor tokens will remain locked up until mainnet as per published tokenomics.
~ The Marketing distribution of 375k GEEQ will continue to be released monthly as per tokenomics.
~ Team tokens will be released on an as needed basis starting from September.
~ The hybrid seed round, while in circulating supply, by contract, remain in Geeq custody until mainnet.
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These are exciting times to be a Geeq. We are working hard to bring you the most secure and efficient blockchain platform on the market and we are grateful to all for your continued support!!
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The details of the rounds, liquidity and monetary policy, tokenomics and distribution may change depending upon conditions in the current regulatory, financial, and legal environment, agreements with liquidity providers, coding and other technical considerations. New information will be published here. Tokenomics and distribution will not change following the conclusion of the pre-round allocation.
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