[Announcement] Carry token (CRE) Distribution Schedule Change
Hello members of the Carry Community!
Back in May 2020, we released a disclosure regarding the token distribution for crowd/pre-crowd contribution and private placement; the main takeaway is that Carry token (CRE) distribution to investors is finished.
We are changing distribution schedule for the remaining CRE distribution for the team, advisor, foundation, etc.
How will the distribution schedule be changed?
The remaining CRE token volume will be unlocked every 10 days instead of being unlocked daily. The total distribution quantity remains unchanged; only the distribution cycle is changed from daily to 10-day cycle (once every 10 days). The change is due to spike in ETH gas fees.
For your understanding, please refer to the example below:
Original Token Distribution: Daily unlock
Updated Token Distribution: 10-day allocation is distributed every 10th day
When will the new schedule apply?
The new schedule will take effect from August 25, 2020. The remaining tokens will be distributed every 10 days starting September 3rd. Tokens that were originally supposed to be distributed for 10 days starting on August 25th will be distributed at once on September 3rd. Tokens that were meant to be distributed on September 4th to 13th will be distributed at once on September 13th and so forth.
The token distribution calendar below shows the dates for CRE token distribution.
Please take this new schedule into consideration.
Thanks for your continued support!