AZ Token Distribution: Detailed Info

Dear partners,

Azbit team has completed token distribution for advisors, team, reserve fund, affiliate program participants. AZ were sent to the following addresses in the proportions declared in Whitepaper:

Team — 15%

Number of tokens: 20833333333.2

Address: 0xabbbb733b5b3247da0548f21fd5b8d5f522ae9eb

Reserve fund — 15%

Number of tokens: 20833333333.2

Address: 0xacccc85df2cffcfe5f02eb08d3501e8c0d82d336

Advisors — 8%

Number of tokens: 11111111111.04

Address: 0xaddddb3ffc416661ceb105f541c404bb8f970775

Affiliate program participants (bounty/airdrop) — 2%

Number of tokens: 2777777777.76

Address: 0xaeeeec8297f5fe2647cb5848488b1d2058cd5ec9

This week, these tokens will be transferred to vesting smart contracts for a lock-up period. The tokens owned by angel investors and advisors will be frozen for 2 years from the end of the token sale (until August 5, 2021). AZ issued to the reserve fund will be locked for 5 years (until August 5, 2024). Tokens accrued to affiliate program participants will be unlocked at 5 PM (GMT+8) February 5, 2020.

The tokens distributed to Azbit founders and team will be frozen for 2 years from the end of the token sale, and will be issued as per the following timetable:

• December 31, 2019: 25% of the tokens
• June 30, 2020: 25% of the tokens
• December 31, 2020: 25% of the tokens
• June 30, 2021: 25% of the tokens

We also inform that AZ token distribution to investors is in progress, the procedure will be completed within a few days. After the distribution is over and accurate final calculations are made, Azbit team will burn all unsold tokens. All details regarding AZ burn will be announced later.

Thank you for your patience!

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