Content Public Chain Contentos (COS)’s strategic investors Matrix Partners China, IDG Capital, and Welight Capital have jointly announced retaining a total of 317 million COS locked up until June 2020 to help the subsequent development of the COS content ecosystem.
Since establishing Contentos in March 2018, co-founder and CEO Mick Tsai has insisted on pursuing the platform’s long-term value despite some backlash. Under the dual-track parallel strategy of “public chain R&D and ecological expansion,” the mainnet is expected to be released on 25th September 2019. Prior to the mainnet launch, COS has already established ecosystem cooperation agreements with more than 20 top blockchain projects worldwide including TomoChain, NEM, Harmony, and MixMarvel.
The decision by COS’ strategic investors Matrix Partners China, IDG, and Welight Capital to extend the lock-up period to 12 months is in direct support of COS’ goal to upgrade the content industry with blockchain technology. The recent listing of COS on Binance also propped up support from Cheetah Mobile, Ontology, LD Capital, Blockshine, Node Capital, and LiveMe.
Matrix Partners China, a well-known investment company from China, has successfully invested in companies such as Cheetah Mobile, Didi Chuxing, Ele.me, Mo Mo and so on. IDG Capital has invested in top global blockchain projects like Coinbase, Ripple, Circle, imToken, and Klaytn, with other successful cases in the traditional internet industry such as Tencent, Baidu, iQiyi, and LiveMe. Welight Capital has invested in successful startups KLOOK, Guazi, and Missfresh, to name a few.
To provide transparency into the lock-up COS tokens belonging to our strategic investors, the COS will be stored in the following lock-up wallet address.
- The previously unlocked 158,333,333 COS were already transferred from Trusteeship Wallet to the lock-up wallet.
- Another 158,333,333 COS will be transferred from COS issuer address to the lock-up wallet on 3rd February 2020.