Release period - Option 1/2

🧠 Ideas for the Protocol, Research, and Markets
1

Hi all,

can someone please explain me what does a release period in the Option plans mean?

A Lockup period is understable, but the release period not in this regards. An example would be perfect!

Thank you!

2

Sure,

Lemme explain to you with an example :-

Option 1 for Vega sale says -“12-month lock up with a 12-month release period thereafter”.
What this means is that for first 12 months after sale, there will be a total local up on your purchase of tokens. And then after 12 months, they will be released in regular intervals.
i.e

  • from 5 June, 2021 to 4 June 2022, no one will be able to do a sale of the tokens bought from Option1 purchase.
  • from 5 June 2022 to 4 June 2023, a part of the tokens will be released to the participant each month ie. person will receive each month 1/12 of the total tokens bought and that person can sell them too as they are fully unlocked now. Taking it further, say if a person bought 12 tokens in the sale, then each moth 1 token will be released to him.

Happy Vega !!!
Cheers!!!
Rohit

2 Likes
3

Hi Rohit,

thank you a lot!

Noted and understood!

Cheers!!
Josef