Together with COS listing on Binance, an in-depth research report on Contentos was released. During this period, we received multiple enquiries regarding the liquidity of COS tokens. Hence, to answer your queries, this article will look into COS current liquidity, the establishment of trusteeship wallet and our future unlocking plan.
Contentos aims to make all public information transparent, reassuring the confidence in COS holders.
COS Current Circulation？Unlocked COS？
According to the Binance research report and the COS token unlocking plan, the current (2019/8/12) unlocked COS token totals to 1,310,656,724.
In Circulation: 486,512,285 COS
- 346,761,005 COS: Private Placement — Seed Round
- 139,751,280 COS: Used for airdrops, ecological DApp cooperation, creator recruitment, awards and other related uses of the Contentos project in the early stage
Entrusted in COS issuer address, not in circulation: 824,144,439 COS
- 630,811,106 COS: Foundation operations, community, product and creator rewards
- 35,000,000 COS: Token Treasury
- 158,333,333 COS: Private Placement — Strategic Investment (Strategic private investors’ COS are unlocked, but they are all temporarily entrusted to Contentos Foundation.)
In order to make future transactions regarding COS issuer address transparent, simple and easy to review, Contentos will transfer the unlocked 824, 144, 439 COS to a newly created Trusteeship Wallet on 8/13.
Trusteeship Wallet Address: bnb1f929gfv39rzwq68xur4h49snk0y3x0y4sw2dy6
Moving forward, the COS issuer address <bnb1u9j9hkst6gf09dkdvxlj7puk8c7vh68a0kkmht> will only transfer the corresponding amount when tokens are unlocked, ensuring that the remaining token balance in the COS issuer address is equal to the locked token amount.
Before transferring any newly unlocked token, Contentos will make an announcement to ensure that information is transparent and open.
COS Large Transfer Notice
8/13 Establish trusteeship wallet
Transfer 824,144,439 COS from COS issuer address to trusteeship wallet
8/31 Token treasury third unlock
Transfer 5,000,000 COS from COS issuer address to trusteeship wallet
COS Unlocking Plan
Private placement — Strategic investment (9.5%): Periodic unlock commence from 2019/6/20 (*1)
Private placement — Seed round (11.32%)：Periodic unlock commence from 2019/6/20 (*1)
Team (15%)：Periodic unlock commence from 2020/6/20 (*2)
Advisor (0.5%)：Periodic unlock commence from 2020/6/20 (*2)
Foundation Reserved (18.68%)
- 2019/6/30 (*3) unlock 35%
- 2019/12/31 periodic unlock starts
App Jumpstart Reward (5%)：Released in 5 years after the MainNet is launched
Ecosystem Reward (35%)：Released in 12 years after the MainNet is launched
Community Development (3.5%) ：2019/6/30 periodic unlock starts
Token Treasury (1.5%)
- 2019/6/30 unlock 20%
- 2019/7/31 periodic unlock starts
*1: In accordance with the private investor agreement, investors’ COS allocation is required to be unlocked after an official exchange listing. (2019/6/20 COS was first listed on Binance DEX)
*2: In accordance with the team and advisors agreement, their COS allocation will be unlocked 12 months after an official exchange listing.
*3: Excluding private investors, teams, and consultants, the remaining unlocking schedule will be on the last day of the month.
For more information, please refer to Binance Research Report: https://info.binance.com/en/research/COS-2019-08-02.html
Contentos is committed to empowering the content ecosystem through blockchain, and strives to open and transparent information to enhance the value of the overall COS ecosystem. We welcome all COSers’ suggestions and advice.