News & Insights

Private sale token vesting optimized to reduce the concentrated impact on supply

Private sale token vesting optimized to reduce the concentrated impact on supply

Wootrade sheds a transparent light on the changes being made to the private investor token unlocking schedule.

Wootrade’s private sale was an important part of bootstrapping Wootrade and its ecosystem. These investors took on the early risk and allowed Wootrade to expand quickly. However, private investor selling pressure is one of the biggest concerns that retail investors have when evaluating new projects. To alleviate issues with concentrated selling pressure, Wootrade has made adjustments to the vesting schedule. Rather than having one large unlocking event on the final day of the month, Wootrade developed a dApp that allows tokens to be vested per block and claimed sporadically at the discretion of the investor.

These changes started from December 31, 2020:

  • Private sale and seed tokens are released with the help of smart contracts on a block by block linear vesting schedule,
  • Investors must claim tokens via the dApp according to their own schedule and preferences,
  • More than half of the tokens allocated for private sale rewards have been distributed already. These rewards will be fully vested by the end of Q1, 2021.
The chart on the official website reflects the old version of monthly unlocks.

Stay updated with Wootrade’s latest news:

Website: https://woo.network/

Twitter: https://twitter.com/wootraderS

Telegram: https://t.me/wootrade

Medium: https://medium.com/wootrade

Read Next
Web 3 Private Equity fund FusionX Digital to become the new operator of WOO X, plans to scale centralized exchange while growing token utility

Web 3 Private Equity fund FusionX Digital to become the new operator of WOO X, plans to scale centralized exchange while growing token utility

Strategic partnership enables the WOO team to concentrate its resources on DeFi and AI, while FusionX Digital accelerates the expansion of WOO X with additional capabilities. WOO and FusionX Digital have entered into a strategic partnership that includes FusionX Digital acquiring the centralized exchange WOO X. The move brings an experienced operator of centralized exchanges into the WOO ecosystem to scale the platform, expand the global reach of the WOO brand, and increase utility for the WOO

Use YUSD as collateral on WOO X for spot margin & perpetual trading

Use YUSD as collateral on WOO X for spot margin & perpetual trading

YUSD is a Bitcoin-backed stablecoin on WOO X, enabling yield generation and use as collateral for margin and perpetual trading with risk-managed collateral.