Dear community: we have two announcements to make regarding our public distribution event. First, to accommodate the timelines of some of our ecosystem’s strategic partners and to ensure we are working with the best possible partners and investors for the future of API3, we will be postponing the API3 public token distribution event to a later date. The event was initially scheduled to take place on the Mesa DEX starting October 15th and run for two weeks until October 29th. The new date for the public distribution will be announced soon.
Second, we are pleased to announce that — in response to initial feedback about the token distribution event — we will be increasing the public allocation from the initially planned 15% (15M API3) to 20% (20M API3). The additional 5 million API3 tokens will come from the initially planned Governance Partner Distribution. This means unvested tokens will only be distributed through the public token distribution on the Mesa DEX.
For full transparency, we will also be producing a distribution report on partners, investors, and associated vesting schedules for the community to review before the public distribution.
We greatly appreciate the enthusiasm towards API3 that we have witnessed since launching the project. This enthusiasm and response from the community has prompted us to implement some changes to the initial token distribution. We feel these changes will improve the initialization of our system and its ecosystem, although we do recognize and acknowledge any inconveniences this change-of-date may cause. We hope for our community’s understanding as we finalize these developments that will greatly improve the way we instantiate API3 and its ecosystem in order to successfully transform the way decentralized applications consume and interact with real-world data.
API3 Links
Twitter — https://twitter.com/API3DAO
Telegram — https://t.me/API3DAO (Community Chat)
Keybase — https://keybase.io/team/api3 (Developer Chat)
Github — https://github.com/api3dao
Reddit — https://www.reddit.com/r/API3/
Medium — https://medium.com/api3
DAOtalk — https://daotalk.org/c/daos/api3-dao/37
Legal Disclaimer
Read the full API3 token legal disclaimer here.
