Updated $TPAD Vesting (Token Release)
Revisions:
Seed: 22.5% per month To 10% per month. Vested: 9 months
Private A: 22.5% per month To 10% per month. Vested: 9 months
Private B: 22.5% per month To 10% per month. Vested: 9 months
Private C: 22.5% per month To 15% per month. Vested: 6 months
$DEEP Airdrop: CANCELLED.
Please note: Public Sale is NOT affected by these changes.
Why did we decide to update the vesting schedules?
The TrustPad Team is committed to the long term success of the project and after carefully reviewing the initial vesting schedule over the last few weeks, and especially now during the current market conditions — we ultimately decided a revision was due. Our Advisory Board advised early on that major monthly unlocks will increase the volatility of our ecosystem, and ultimately dampen the growth of TrustPad in the long run.
Our own opinion, and that of the partners and advisors who have engaged with us in the process, is that a 22.5% token release per month will definitely cause extreme volatility in the price actions to a point that it may be of detriment to the project — especially in the current market conditions.
We have therefore decided to revise the token release to 10–15% per month from 22.5%. We feel this is a fair amount to reward the early/private investors without punishing the long term viability of the project.
We have some amazing projects lined up and signed up — we owe it to them and all of the hard work that the team and our partners have put into getting to where we are today to maintain a strong token and provide the best possible launches.
Stay tuned for a very busy and hot June for TrustPad! 🔥
About TrustPad
TrustPad has been founded to aid the growth of the blockchain ecosystem in a safe and sustainable way. TrustPad is proudly partnered with BlockSync Ventures, X21 Digital, AU21 Capital, Twin Apex Capital, Momentum 6, 4SV and many more.
Amongst the many launchpads, TrustPad is different. A ‘quality not quantity’ approach has been sought by the team to ensure that projects launched through TrustPad have long term, real value. This will provide the TrustPad community with sustainable development, which attracts a larger community of both $TPAD and the projects launched on the platform.
